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Buena Esperanza  (Cuenca) Group
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
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.
View original language description ↓
El grupo de su crédito Buena Esperanza está formado por 9 socias y 2 socios quienes viven en la parroquia la Victoria del Portete en Cuenca, lugar que goza de una belleza natural, de un clima frió y de una verde vegetación, sus tierras son fértiles y propicias para la ganadería. Las socias son mujeres que luchan día a día para mejorar la estabilidad económica de sus hogares, son personas amables y gentiles que aun mantienen la cultura y tradiciones de sus pueblos.
Una de las socias de este grupo es la Señora. Narcisa, este su tercer crédito que realiza a lado de sus compañeras del grupo de crédito Buena Esperanza, le gusta esta forma de crédito porque le da la oportunidad de invertir en su negocio y al mismo tiempo que fortalecen los lasos de amistad con todas las socias y vecinas.
La Señora Narcisa tiene 39 años de edad, es separada de su esposo pero en su unión conyugal ha concebido 5 hijos de 17, 14, 9, 7 y 3 años, su primer hijo pasa en casa ayudando en los quehaceres de su hogar, su segunda hija estudia en el colegio y sus dos últimos hijos estudian en una escuelita de la localidad.
Doña Narcisa pasa la mayor parte de su tiempo en casa, existen días que labora como jornalera, en su casa se dedica a la crianza de ganado y a la venta de la leche, también cría abejas y cuyes.
El dinero de su crédito va a invertir en la compra de una vaca lechera.
Su meta es crecer aun más en su 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
  • 12
    View loans »
    Ecuador Loans Fundraising
  • $22,545,250
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Buena Esperanza (Cuenca) Group's $6,350 loan helped a member to buy a dairy cow.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2013
Listed
Oct 15, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014