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Nuevo Florecer  (Cuenca) Group
In this Group: María Teresa, Martha Isabel, Martha Verónica*, Fanny Lorena, Ruth Catalina, Gladys Eugenia, Rosario, Mayra Cristina, Diego Xavier
* not pictured
The Nuevo Florecer loan group is comprised of eight female members and one male member who all work very hard to meet their common goal, which is to achieve stable homes for their families. They work in various sectors and despite the difficulties, they are never in a bad mood. They live in the city of Cuenca, which is known for being the birthplace of great artists and athletes. The city has four rivers and its historical center tells the city's history.

One of the members is Ruth, 34. She is married and has two children ages nine and seven. Both her children study in the city's school. Her husband works in an office furniture factory. They don't have their own home so they live in her mother's house, but independently.

Ruth is a sewing professional, since she studied for this career. She works as a dressmaker from home, making all kinds of dresses. She has been in this business for three years and works Monday through Saturday without a fixed schedule.

She will invest her loan money into buying fabric, thread, scissors, and other sewing materials that she needs.

Her goal is to expander her workshop.
View original language description ↓
El grupo crédito Nuevo Florecer está formado por 8 socias y 1 socio quienes son trabajadoras y muy luchadoras que su objetivo en común es el de lograr la estabilidad de sus hogares y de sus familias, laboran en diferentes fuentes de empleo y a pesar de todas sus dificultades nunca pierden su buen sentido del humor. Viven en la ciudad de Cuenca, ciudad que es reconocida por ser cuna de grandes artistas y deportistas, esta bañada por 4 ríos y su centro histórico cuenta la historia de esta ciudad.


Una de las socias de este grupo es la Señora. Ruth, tiene 34 años de edad, está casada y fruto de esa unión conyugal ha concebido 2 hijos de 9 y 7 años que están estudiando en una escuelita de la ciudad. Su esposo labora en una fábrica de muebles de oficina, no tienen casa propia por lo que viven en casa de su madre pero independientes.

Doña Ruth es profesional en la rama de la costura ya que estudio para ello, labora desde su casa en la confección todo tipo de prendas de vestir, lleva 3 años con su negocio y trabaja de lunes a sábados sin un horario fijo.

El dinero de su crédito lo va a invertir en la compra de telas, hilos, tijeras y otros materiales de costura que le hacen falta.

Su meta es agrandar su taller.

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
  • 37
    View loans »
    Ecuador Loans Fundraising
  • $23,216,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nuevo Florecer (Cuenca) Group's $2,750 loan helped a member to buy fabric, thread, scissors, and other sewing materials.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 27, 2013
Listed
Sep 20, 2013
Currency Exchange Loss:
N/A
Ended:
Feb 17, 2014