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1 De Mayo  (Cuenca) Group
In this Group: Maida Maribel, María Elvia, Sonia Beatriz, Flora Asucena, Blanca Etelvina, Paulina Patricia, Olga Marilu, Sandra Guadalupe, María Rosario, María Adelaida, Ana Asucena
The group 1 of May is made up of 11 women who live in the parish of Victoria del Portente in the town of Cuenca. It is a place with a cool climate and is known for its cowboys who care for the cattle. The terrain here is fertile and ideal for agriculture. The people here have maintained their culture and traditions, they are friendly, gentle and always trying to help one another. Their principal economic activity is caring for animals, agriculture and trade. Many work in the city doing various different jobs as well.
One of the members of this group is Mrs. Flora who has been a member for quite some time. She likes micro credits because they help her to grow her business while also strengthening her friendships with those she works with.
Mrs. Flora is 34 years old, married, and has two children who are 17 and 16, who study at the high school in her town. Her husband is a professional driver and provides a taxi service. They do not have their own home and so they live in a rented house.
Mrs. Flora spends most of her time at home but she also contributes to the family purse by sewing. She learned how to sew through experience and because she has a talent for it. She has been running her own business for around 3 years and everything is going well because little by little her clientele is growing. The money from this loan will be used to invest in the purchase of cloth, thread and other sewing supplies.
He goal is to expand her workshop.
View original language description ↓
El grupo de crédito 1 de Mayo está conformado por 11 mujeres quienes viven por la parroquia de la Victoria del Portete en Cuenca, esta lugar es de un clima frió y cuenta muchos potreros que son propicios para la crianza de ganado, sus terrenos son fértiles ideales para la agricultura. Su gente aun mantiene viva su cultura y tradiciones, son amables, gentiles y siempre tratan de ayudar a su prójimo, su principal actividad economía es la crianza de animales, agricultura y comercio, muchos laboran en la ciudad ejerciendo diferentes actividades económicas.
Una de las socias de este grupo es la Señora Flora, desde hace algún tiempo forma parte del grupo de crédito 1 de Mayo, le gusta esta forma de créditos porque les ayuda en el crecimiento de sus negocios al mismo tiempo que fortalecen los lasos de su amistad.
La Señora Flora tiene 34 años de edad, está casada y en su unión conyugal ha concebido 2 hijos de 17 y 16 años que están estudiando en un colegio de la ciudad, su esposo es de profesión chofer y labora prestando sus servicios en un taxi, no tienen casa propia por lo que viven arrendando.
La Señora Flora pasa la mayor parte de su tiempo en casa pero para aportar a la economía de su hogar se dedica a la costura, esta actividad la aprendió trabajando y por habilidad, ahora cuenta con su propio negocio desde hace 3 años y le va bien ya que poco a poco ha obtenido clientela.
El dinero de su crédito lo va a invertir en la compra de telas, hilos y otros materiales de costura.
Su meta es agrandar su taller.

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
  • 53
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of 1 De Mayo (Cuenca) Group's $4,850 loan helped a member purchase material, thread and other sewing supplies.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 18, 2013
Listed
Oct 20, 2013
Currency Exchange Loss:
N/A
Ended:
Apr 16, 2014