Check out some available loans that are similar to this one!
Despertar  (Cuenca) Group
In this Group: Transito De Jesús*, Miriam Robertina, Mayra Yalila, Melva Victoria, Jannet Maritza, María Fernanda, María Augusta, Norma Lorena
* not pictured
The communal bank "Despertar" is made up of 8 women who are very hardworking and tenacious. They work in different activities, such as retail trade, and some of them work as private employees. All of the members are kind and gentle people who, in spite of the adversities they face, are trying to get ahead. They live in the city of Cuenca, which has colonial and modern architecture, a cold climate, and beautiful places to enjoy nature. The cuisine is varied, and the people still maintain the culture and traditions of their towns.

One of the members of this group is Maria Augusta, who is taking her first loan. She is 35 years old, and is the single mother of a 10 year-old girl who attends a local school. She does not own a home, so she lives in a rented dwelling.

Maria Augusta has her own business preparing and selling food. She works Mondays through Saturdays without a set schedule. She has had this business for 7 years, and it has been growing gradually. However, she lacks sufficient capital to buy her products.

She will use the funds from this loan to buy new crockery and food.

Maria Augusta's dream is to have her own house.
View original language description ↓
El grupo de Crédito Despertar está formado por 8 mujeres que son muy trabajadoras y luchadoras, laboran en diferentes actividades como es el comercio y prestan sus servicios como empleadas privadas, todas son amables y gentiles que a pesar de las adversidades tratan de salir adelante. Viven en la ciudad de Cuenca que tiene una arquitectura colonial y moderna, es de un clima frió y tiene hermosos lugares para disfrutar de la naturaleza, su gastronomía es muy variada y su gente aun mantienen la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora María Augusta y está realizando su primer crédito, tiene 35 años, es una madre soltera de una niña de 10 años que está estudiando en una escuelita de la localidad. No tiene casa propia por lo que vive arrendando.

Doña María Augusta tiene un negocio propio, ella prepara y vende comida, trabaja de lunes a sábados sin un horario fijo y lleva 7 años en su negocio el cual va creciendo poco a poco, pero, le hace falta un poco mas de capital para la compra de sus productos.

El dinero de su crédito es para comprar una nueva vajilla y víveres.

Su sueño es tener su casa propia.

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.

Tags

About Ecuador

  • $10,600
    Average annual income
  • 99
    View loans »
    Ecuador Loans Fundraising
  • $24,153,550
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Despertar (Cuenca) Group's $3,225 loan helped a member to buy new crockery and food.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 19, 2013
Listed
Jul 8, 2013
Currency Exchange Loss:
N/A
Ended:
Jan 17, 2014