Check out some available loans that are similar to this one!
Baños  (Cuenca) Group
In this Group: Ana Magdalena, Enma Guadalupe, Kerly Tatiana, Lucia Olivia, Teresa De Jesús, Marcia Reveca, Verónica Mercedes, Aura Noemi, Rosa Hermelinda, Manuela Jackeline, María Magdalena, Teresa Carlota, Liliana Nataly, Dora Emperatriz
The “Baños” communal bank consists of 14 women from Baños parish in Cuenca. This is an area of lush vegetation and thermal springs that give rise to several resorts. Its cuisine is very typical and very varied. Its residents still keep their culture and traditions alive.

One of the group members is Teresa who is taking out her third loan alongside her friends and Baños group companions. She likes this way of getting loans because she meets with her friends and fellow members at each meeting to share good times while at the same time they strengthen their bonds of friendship and companionship.

Teresa is 41-years-old, married for 15 years and mother of two children who are 11 and 6 years old attending the local school. Her husband works in an upholstery shop he owns and the house they live in is not their own.

Teresa works selling cosmetics and clothes via catalog. She stared this at first helping her sister-in-law sell and realized it was a good way to earn household income. Now, she spends five hours daily in the business selling her merchandise throughout the city.

She will use the loan to buy cosmetics and clothes that are on sale to expand her sales. Her dream is to own a house.

The two small photos are of members who were unable to be present when the group photo was taken.
View original language description ↓
El grupo de crédito Baños está formado por 14 mujeres quienes viven en la parroquia de Baños en Cuenca, lugar que tiene mucha vegetación, su suelo emana aguas termales que son el origen de varios balnearios, su gastronomía es típica y muy variada. Su gente aun mantiene viva su cultura y tradiciones.
Una de las socias de este grupo es la Señora. Teresa, está realizando su tercer crédito a lado de sus amigas y compañeras, del grupo de crédito Baños, le gusta esta forma de créditos porque en cada reunión se encuentra con sus amigas y compañeras con quienes comparten muy buenos momentos, al mismo tiempo que estrechan aun más sus lasos de amistad y compañerismo.
La Señora Teresa tiene 41 años de edad, está casada hace 15 años y ha concebido 2 niños de 11 y 6 años que estudian en una escuelita de la localidad. Su esposo labora en un taller de tapicería que es de su propiedad, la casa en la que vive no es propia.
Doña Teresa se dedica a la venta de cosméticos y ropa por catalogo, comenzó este negocio primero ayudándole a su cuñada a vender y se dio cuenta que era una muy buena manera de obtener ingresos para su hogar, ahora a este negocio le dedica 5 horas diarias y su mercadería lo vende recorriendo la ciudad.
Su crédito va a invertir para la compra de cosméticos y ropa que se encuentra en oferta para así ampliar sus ventas.
Su sueño es tener su casa propia.
Las dos fotos pequeñas son de dos socias que no 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.

About Ecuador

  • $10,600
    Average annual income
  • 99
    View loans »
    Ecuador Loans Fundraising
  • $24,223,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Baños (Cuenca) Group's $5,500 loan helped a member to buy cosmetics and clothes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 15, 2013
Listed
Oct 18, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014