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Virgen De  Bronce  (Cuenca) Group
In this Group: Blanca Magdalena , Narcisa De Jesús, Susana Natalia, Gabriela Tatiana, Jessica Antonela, Candida Marcela, Gladys Isabel
The "Virgen de Bronce" communal bank is made up of seven women who live in a beautiful neighborhood in Cuenca. This city was recognized as a UNESCO World Heritage Site in December 1999. Four rivers run through the city and there are many places where one can enjoy nature. The diverse gastronomy captivates the city's visitors. Its people, like these members, are friendly people who fight every day to improve their financial stability and give their children a better future. They still keep the culture and traditions of their people alive.

One of the members of this group is Jessica, 19. She is married with two children, ages 2 and 5. Her husband works as a private employee. They don't have their own house, so they live independently in an aunt's house.

Jessica makes a living selling clothing, perfume, and cosmetics from various brands. She has been in this business for three years. She works from Sunday to Sunday without a fixed schedule, since she sells her products door-to-door. She is also studying to finish her high school degree.

She will invest this loan in the purchase of clothing to continue growing her business.
View original language description ↓
El grupo de crédito Virgen de Bronce está formado por 7 mujeres quienes viven por un hermoso sector de la ciudad de Cuenca, esta ciudad es reconocida como Patrimonio Cultural de la Humanidad en Diciembre de 1999, esta bañada por 4 ríos, tiene varios lugares para disfrutar de la naturaleza, su gastronomía es muy variada y cautiva a sus visitantes. Su gente al igual que las socias son personas luchadoras y amables que viven el día a día para mejorar su estabilidad económica y brindarles a sus hijos un mejor futuro, aun mantienen la cultura y tradiciones de sus pueblos.

Una de las socias de este grupo es la Señora. Jessica, tiene 19 años, es casada y en su unión conyugal ha concebido 2 hijos de 5 y 2 años de edad. Su esposo labora como empleado privado, no tienen casa propia por lo que viven en casa de una tía pero de forma independiente.

Doña Jessica se dedica al comercio de ropa, perfumes y cosméticos de diferentes marcas, lleva en esta actividad desde hace 3 años y trabaja de domingo a domingo sin un horario fijo ya que ofrece sus productos a sus clientes puerta a puerta. Ella también está estudiando para terminar sus estudios del colegio.

Su crédito va a invertir en la compra de ropa para así continuar creciendo en este negocio.

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
  • 71
    View loans »
    Ecuador Loans Fundraising
  • $23,911,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Virgen De Bronce (Cuenca) Group's $2,025 loan helped a member to buy clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 31, 2013
Listed
Aug 24, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014