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Cruzloma  (Paute) Group
In this Group: María Piedad, María De Lourdes, Gloria Petrona, Elvia Piedad*, María Esperanza, Jessica Natalia, María Yolanda, Luis Alberto
* not pictured
The group Cruzloma consists of seven female members and one male member. They live in a small village in the canton of Paute. It is a very calm and peaceful place with a lot of natural beauty. Its architecture is a mixture of old and modern. The people, including the members of the group, keep to the culture and traditions of their villages and make a living by breeding animals, doing agricultural work, or working in the city of Cuenca.

One of the members of the group is Jessica. She is on her second loan cycle with her friends from borrower group Cruzloma. She likes this type of loan because there is more unity among all the friends in the sector.

Jessica is 29 years old and married. She has two children, who are ten and eight years of age. They are studying at a small school in the area. Her husband works in construction as a bricklayer. They do not have their own house, so they live with her in-laws.

Jessica spends her time looking after her children, but she really likes doing hands-on activities; for this reason she has done courses on how to make knitted bracelets, sweaters, and scarves. She knits every day and sells her finished products to friends and acquaintances. She is going to invest her new loan in purchasing fabric, thread, paint, and skeins of wool.

Her dream is to have her own house.
View original language description ↓
El grupo de crédito Cruzloma está formado por 7 socias y 1 socio quienes viven por un pueblito del cantón Paute, lugar que goza de mucha calma y paz, se disfruta de la naturaleza y su arquitectura es una mezcla de los moderno y lo antiguo. Su gente al igual que las socias aun mantiene la cultura y tradiciones de sus pueblos, se dedican a laborar en la crianza de animales, en la agricultura y muchos laboran en la ciudad de Cuenca.

Una de las socias de este grupo es la Señora. Jessica, se encuentra en el segundo crédito que realiza a lado de sus amigas y compañeras del grupo de crédito Cruzloma, le gusta esta forma de crédito porque hay más unión entre todas las amigas del sector.

La Señora. Jessica tiene 29 años, es casada y fruto de su unión conyugal ha concebido 2 hijos de 10 y 8 años que están estudiando en una escuelita de la localidad. Su esposo labora en la construcción como albañil, no tienen casa propia por lo que viven en casa de sus suegros.

Doña Jessica pasa en casa al cuidado de sus hijos, pero le gusta mucho realizar actividades manuales, es por eso que ha recibido cursos sobre cómo realizar manillas, chompas y bufandas tejidas, trabaja en esta actividad todos los días y sus obras las vende a sus amigas y conocidas.

Su nuevo crédito va a invertir en la compra de telas, hilos, pinturas y madejas de lana que necesita.

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.

About Ecuador

  • $10,600
    Average annual income
  • 95
    View loans »
    Ecuador Loans Fundraising
  • $24,187,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Cruzloma (Paute) Group's $4,400 loan helped a member to purchase fabric, thread, paint, and skeins of wool.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 24, 2013
Listed
Aug 20, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014