A loan of $6,350 helped a member to buy a dairy cow.

Buena Esperanza (Cuenca) Group's story

The “Buena Esperanza” (Good Hope) communal bank consists of 11 members, nine women and 2 men, living in Cuenca’s La Victoria del Protete parish, a place that enjoys natural beauty, cold climate, green vegetation. Its land is fertile and apt for raising cattle. The members are woman who strive daily to improve their homes’ economic stability. They are kind, gracious people who still retain the culture and traditions of their peoples.

One of the group members is Narcisa. This is the third loan she’s taken out with her fellow Buena Esperanza members. She likes this way of getting credit because it gives her the opportunity to invest in her business while at the same time strengthening the bonds of friendship among her neighbors and fellow members.

Narcisa is 39-years-old and separated from her husband but she has five children who are 17, 14, 9, 7 and 3 years of age. Her oldest son stays home to help her with chores, her second daughter attends secondary school and the next two attend the local primary school.

Narcisa spends most of her time at home. There are days that she works as a day laborer. She raises cattle at home and sells milk. She also raises bees and guinea pigs.

The loan money will be used to buy a dairy cow. Her goal is to grow still more in her business.

In this group: Narcisa De Jesús, María Luisa, Juana Remigia, Laura María, Julia Dolores, Mónica Karina, Diana Carolina, Jenny Elizabeth, Juan Patricio, Miguel Angel, María Mercedes*
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

Loan details

Lenders and lending teams

Loan details