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Nueva Esperanza  (Cuenca) Group
In this Group: Amanda De Jesús, María Baltazar, Marcela Del Rosario, Alicia Mercedes, Celia María, Verónica Del Carmen, Angelita María*, Alexandra De La Nube
* not pictured
The Nueva Esperanza [New Hope] credit group is made up of 8 women who live on the outskirts of the city of Cuenca. This city is characterised by the natural beauty which surrounds it and its beautiful architecture. It has 4 rivers running through it and has been a World Heritage Site since December 1999. The members are very cheerful and with great charisma are always looking for a way to improve their household financial stability so they can make progress in life.

One of the members of the group is Verónica, who is 27 years old and is married. From her marriage she has 2 children aged 5 and 2 and the older son is studying at a little school in the city. Her husband works as a public employee. They do not have their own house so they live in rented accommodation. Verónica spends most of her time looking after her children who are still small, but in order to contribute to the household finances she sells cosmetics. She works every day and has been doing this for 3 years. She also sells clothing through catalogues.

She will use the money from her loan to buy cosmetics and clothing in order to grow the business. Her goal is to travel and get to know other countries.

The small photo is of a member who could not be present when the group photo was taken.
View original language description ↓
El grupo de crédito Nueva Esperanza está formada por 8 mujeres quienes viven por los alrededores de la ciudad de Cuenca, esta ciudad se caracteriza por la belleza natural que la rodea y por su belleza arquitectónica, esta bañada por 4 ríos y es desde Diciembre de 1999 Patrimonio Cultural de la Humanidad. Nuestras. Las socias son mujeres muy alegres y de un gran carisma que siempre buscan la manera de mejorar la estabilidad económica de sus hogares y así salir adelante.

Una de las socias de este grupo es la Señora Verónica, tiene 27 años de edad, está casada y fruto de su unión conyugal ha concebido 2 hijos de 5 y 2 años, su primer hijo está estudiando en una escuelita de la ciudad. Su esposo labora como empleado público, no tiene casa propia por lo que vive arrendando.

Doña Verónica pasa la mayor parte de su tiempo al cuidado de sus hijos que aun son pequeños, pero para aportar a la economía de su hogar se dedica a la venta de cosméticos, trabaja todos los días y se encuentra en este negocio desde hace 3 años, también vende ropa por catalogo.

El dinero de su crédito va a invertir en la compra de cosméticos y ropa para crecer en el negocio.

Su meta es viajar y conocer varios países.

La foto pequeña es de una socia que no pudo estar presente cuando se tomola 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.

About Ecuador

  • $10,200
    Average annual income
  • 32
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Esperanza (Cuenca) Group's $5,875 loan helped a member to buy cosmetics and clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2013
Listed
Sep 25, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014