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12 De Abril  (Cuenca) Group
In this Group: María Faviola, Fanny Beatriz, Luz Mercedes, María De Jesús, Ana Cecilia, María Maricela*, Blanca Luzmila, María Agueda, Nancy Viviana*, María Angelita, Teresa De Jesús, María Encarnacion
* not pictured
The 'Sociedad 12 de Abril' [April 12th Association] loan group is formed by twelve women who work and have stalls in a city market where each day is a new struggle to overcome. Their common objective is to get ahead and to provide their families with a promising future, while still preserving their culture and traditions. The women live in the city of Cuenca, known as Santa Ana de los Cuatro Ríos. Since December 1999 it has been a World Heritage Site. It has a cold climate and a beauty that charms everyone who visits.

One of the members of this group is Encarnación. She is a founding member of the 'Sociedad 12 de Abril' loan group, and is very good friends with all of the group members, with whom she shares the responsibility for various group activities. She lives in a beautiful area of the city of Cuenca.

Encarnación is 79 years old. She has nine adult children from her marriage, some of whom are already married and live independently. Her unmarried children work and help her financially. She doesn't have a house of her own and rents her home.

Encarnación makes a living by selling fruits and vegetables in her area. She works from 7 o'clock in the morning without a specific end time, as everything depends on the day's sales. She is going to invest the money from the loan in buying fruits and vegetables to stock her business. Her dream is to preserve her health and to keep growing in her business.

The small photo is of the three members who couldn't be present when the group photo was taken.
View original language description ↓
El grupo de crédito Sociedad 12 de Abril está formado por 12 mujeres quienes laboran en la en un mercado de la ciudad, tienen un puesto en donde cada día es una nueva lucha para su superación, su objetivo en común es salir en adelante y brindarles a sus familias un futuro prometedor, aun conservan su cultura y tradiciones. Viven en la ciudad de Cuenca, esta ciudad es conocida como la Santa Ana de los 4 ríos, es desde Diciembre de 1999 Patrimonio Cultural de la Humanidad, tiene clima frió y una belleza que enamora a quienes la visitan.
Una de las socias de este grupo es la Señora. Encarnación, es una socia fundadora del grupo de crédito Sociedad 12 de Abril, tiene una muy buena amistad con todas las socias con quienes comparte diferentes actividades dentro de este grupo, vive por un hermoso sector de la ciudad de Cuenca.
La Señora Encarnación tiene 79 años de edad, en su unión conyugal ha concebido 9 hijos mayoría de edad, algunos ya son casados y viven independiente, sus hijos solteros trabajan y le ayudan económicamente, no tiene casa propia y vive arrendando.
Doña Encarnación se dedica a la venta de frutas y hortalizas en su propio local, labora desde las 7 de la mañana sin un horario de salida ya que todo depende de las ventas del día.
El dinero de su crédito lo va a invertir en la compra de frutas y hortalizas para surtir su negocio.
Su sueño es de conservar su salud y seguir creciendo en su negocio.
La foto pequeña es de tres socias que no pudieron estar prresentes 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
  • 94
    View loans »
    Ecuador Loans Fundraising
  • $24,092,775
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 12 De Abril (Cuenca) Group's $5,200 loan helped a member to buy fruits and vegetables.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 17, 2013
Listed
Oct 18, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014