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Primero De Enero  (Cuenca) Group
In this Group: Silvana Patricia, Mónica Eulalia, María Eulalia*, María Nube, María Alicia, Gladys Edit, Ana Lucia, Juan Javier
* not pictured
The Primero de Enero communal bank is comprised of seven women and one man. They work every day at different business activities. These business activities allow them to pay their household expenses and to get their children ahead. They live in the outskirts of the Valle parish in Cuenca. This place has beautiful scenery and green fields. Its people raise animals, work in agriculture, and work in commerce. Many of them work in the city carrying out different business activities. They still keep the flames of their culture and traditions alive.

Mónica is one of the members of this group. She has been part of the Primero de Enero communal bank for three and a half years. In all of this time she has managed to establish a better friendship with all of the members of this lovely group. They all have a special charisma, and they are always willing to help each other as much as they can.

Mónica, age 37, is married and she and her husband have two children, ages 18 and 5. Her first son goes to the university, and her second son attends a small city school. Her husband is a professional in making stucco (ceilings), and he has his own business. The house in which they live is the fruit of their joint work effort.

Mónica has been selling cosmetics for 16 years. She first started by selling only one brand. However, little by little, her business has been growing. She now sells various brands that are well-known in the country. In all of this time she has managed to get a fixed and select clientele. She is also a complete professional in the field of beauty, which she also exercises.

She will use the loan to by cosmetics on special in order to increase her merchandise. Her goal is to have more cosmetics to sell by showing them at her house.
View original language description ↓
El Grupo de Crédito Primero de Enero está formado por 7 mujeres y 1 hombre quienes laboran a diario en diferentes actividades económicas, las mismas que le permiten solventar los gastos de sus hogares y sacarles adelante a sus hijos. Viven por los alrededores de la parroquia del Valle en Cuenca, lugar de hermosos paisajes y de verdes campos, su gente se dedica a la crianza de animales, a la agricultura, al comercio y muchos laboran en la ciudad ejerciendo diferentes actividades, aun mantienen vivas las llamas de su cultura y tradiciones.

Una de las socias de este grupo es la Señora. Mónica, se encuentra formando parte del grupo de crédito Primero de Enero desde hace 3 años y medio, en todo este tiempo ha logrado establecer una mejor amistad con todos los integrantes de este hermoso grupo, todas tienen un carisma especial y siempre se encuentran prestas para ayudarse en lo que este a su alcance.

Doña Mónica tiene 37 años, es casada y fruto de su unión conyugal ha concebido 2 hijos de 18 y 5 años de edad, su primer hijo estudia en la universidad y su segundo hijo está en una escuelita de la ciudad. Su esposo es un profesional en la elaboración de estucos (cielos rasos) y tiene su negocio propio, la casa en la que viven es el fruto del esfuerzo del trabajo conyugal.

La Señora Mónica desde hace 16 años se dedica a la venta de cosméticos, primero se inicio con la venta de una sola marca pero poco a poco ha ido creciendo en su negocio y ahora se dedica a la venta de varias marcas conocida en el país, en todo este tiempo ha logrado obtener un clientela fija y selecta. También es toda una profesional en la rama de la belleza la cual también ejerce.

El dinero de su crédito va a invertir en la compra de cosméticos de oferta para incrementar su mercadería.

Su meta es tener más cosméticos para vender por exhibición desde su casa.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Ecuador

  • $10,200
    Average annual income
  • 10
    View loans »
    Ecuador Loans Fundraising
  • $22,545,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD