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El Aguacate  (Cuenca) Group
In this Group: Martha Braulia, Rosa Paulina, Ligia Beatriz, Mercedes María, Nelson Wilfrido, Melida Esthela, Milton Aurelio, Nancy Crisalia
The El Aguacate group is made up of 6 women and 2 men who live around Monay in the city of Cuenca. This city has a cold climate and its architecture is a blend of modern and colonial. It is bathed in 4 rivers and its cuisine is varied. It is the cradle of great artists and athletes. Its people are kind, friendly and warmhearted. They fight day to day to improve the financial stability of their homes to give a better future to their children while they jealously guard their culture and traditions.

One of the members of the group is Mercedes. She is taking out her sixth loan with her neighbors and friends from the El Aguacate group. She likes this kind of a loan because this way she grows her economic activity little by little and engages friendship with all of the other members.

Mercedes is 65 years old. She is a widow and has 5 grown children. Four of them are married and on their own. Her single son lives at home and helps her financially. The house she lives in is the result of her work.

Mercedes works in her store Sunday to Sunday with no set schedule. Since she lives in the country, she also farms and what she harvests she sells and uses for household consumption. She also raises geese, ducks, guinea pigs, pigs and cows.

She is going to invest in buying grocery items for her store and in animal feed. Her dream is to enlarge the store.

The small photo is of two women and a man who are members who couldn't be there when the group photo was taken.
View original language description ↓
El grupo El Aguacate está formado por 6 socias y 2 socios quienes viven por los alrededores de Monay en la ciudad de Cuenca, esta ciudad es de clima frió, su arquitectura es una mezcla de lo moderno y lo colonia, esta bañada por 4 ríos, su gastronomía es muy variada, es cuna de grandes artistas al igual que deportistas. Su gente es amable y gentil de un corazón muy cálido que lucha el día a día para mejorar la estabilidad economía de sus hogares para darles un mejor futuro a sus hijos, aun guardan celosa mente su cultura y tradiciones.


Una de las socias de este grupo es la Señora. Mercedes, esta realizando su sexto crédito a lado de sus vecinas y amiga del grupo de crédito El aguacate, esta forma de créditos le gusta porque así va creciendo poco a poco en su actividad económica y afianza la amistad con todas sus compañeras.

La Señora Mercedes tiene 65 años, es viuda y tiene 5 hijos mayores de edad, cuatro de ellos son casados y viven independientes, su hijo soltero vive en su casa y le ayuda económicamente. La casa en la que vive es fruto de su trabajo.

Doña Mercedes se dedica a la atención de su tienda de domingo a domingo sin horario fijo, como vive en el campo también cultiva y lo que cosecha vende y es para el consumo de su casa, también cría gansos, patos, cuyes, cerdos, vacas.

Su crédito va a invertir en la compra de víveres para su tienda y en el alimento para sus animales.

Su sueño es agrandar su tienda.

La foto pequeña es de dos socias y un socio que pudieron estar presentes cuando se tomo la foto del grupo.

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
  • 48
    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 El Aguacate (Cuenca) Group's $4,700 loan helped a member to buy grocery items and animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2013
Listed
Sep 5, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014