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Libertad En Progreso  (Cuenca) Group
In this Group: Carmen Lucia, María Esperanza, Lorena Del Carmen , María Carmen, Luz Melida, María Alicia, Balvina, María Natividad, Dolores Mercedes, María Rebeca, María Rosario
The Libertad en Progreso credit group is made up of 11 women who live in and around the parish of Victoria del Portete in Cuenca. It is a region which enjoys a cold climate and has vast plains perfect for cattle rearing and fertile soils ideal for growing a wide range of fruit and vegetables. The local people are cheerful and kind and strive on a daily basis to have increasingly stable households and, as a result, help their families make progress. In spite of the passage of time, they still uphold their culture and traditions. On of the group members is Carmen Lucia who likes this form of loan on account of the sense of unity and companionship among the members and because they help her to improve her financial stability. Carmen Lucia is a single woman of 50 who has no children and lives with her parents, helping them and sharing the household expenses. She breeds animals such as hens, sheep, guinea pigs and cattle whose milk she then sells. She also grows crops, some of which are consumed by her family and the rest sold. She will use the money from the loan to buy manure to improve her pasture land, as well as seeds and animal feed. Her dream is to have her own home.
View original language description ↓
El grupo de crédito Libertad en Progreso está conformado por 11 mujeres quienes viven por los alrededores de la parroquia Victoria del Portete en Cuenca, lugar que goza de un clima frió, hay grandes llanuras propicias para la crianza de ganado, sus tierras son fértiles ideales para la siembra de una gran variedad de verduras y hortalizas. Su gente son personas amables, gentiles, que luchan el día a día para mejorar la estabilidad de sus hogares y así sacar adelante a sus familias, a pesar del tiempo aun guardan su cultura y tradiciones.

Una de las socias de este grupo es la Señora. Carmen Lucia, a ella le gusta esta forma de créditos por la unión y compañerismo de las socias y porque le ayudan a mejorar su estabilidad económica.

Doña Carmen Lucia tiene 50 años, es soltera y no ha concebido hijos, vive con sus padres a quienes les ayuda y comparte los gastos del hogar.

La Señora. Carmen Lucia se dedica a la crianza de animales como gallinas, ovejas, cuyes y ganado del cual vende la leche, también siembra y lo que cosecha es para el consumo de su hogar y para la venta.

El dinero de su crédito va a invertir en la compra de abono para mejorar sus potreros, semillas y en alimento para sus animales.

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
  • 49
    View loans »
    Ecuador Loans Fundraising
  • $24,300,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Libertad En Progreso (Cuenca) Group's $4,550 loan helped a member to buy manure, seeds and animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2013
Listed
Aug 19, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014