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Las Amelias  (Cuenca) Group
In this Group: Amelia Gricelda, Narcisa De Jesús, Diana Lucia, María Mercedes, Verónica Mercedes, Amelia De Jesús, María Aurora, Angel Daniel
The communal bank Las Amelias is made up of seven women and one man. They live around the city of Cuenca, a city of natural beauty and with great scenery due to its rugged terrain. Four rivers pass through it, and its historic centre jealously guards the history of this beautiful city. The members are kind and gentle people who struggle every day in order to improve the stability of their households, thus moving their families forward. They still preserve the culture and traditions of their villages.

One of the members is María Mercedes, who is in her fourth loan cycle together with her friends and partners of the communal bank Las Amelias. She likes this type of loan schedule because it entails unity and solidarity between the partners. In addition to forming a group, they also form a family and always support each other.

María Mercedes is 56 years old, married, and the mother of seven children. Five of them are married and independent. One is single, works, and helps her economically, and another one is studying at university. She does not own a house so she rents one. María Mercedes works seven days a week in a stall where she sells confectionery. She has been running this business for 20 years, and works at irregular times. She will use the loan to buy confectionery for her business in order to make it grow. Her goal is to have a larger stall.
View original language description ↓
El grupo de crédito Las Amelias está formado por 7 socias y 1 socio, quienes viven por el alrededor de la ciudad de Cuenca, esta ciudad tiene una belleza natural ya que cuenta con grandes paisajes gracias a su geografía accidentada, esta bañada por 4 ríos, su Centro Histórico guarda celosamente la historia de esta hermosa ciudad. Las socias son personas amables y gentiles, que luchan el día a día para mejorar la estabilidad de sus hogares y así sacar adelante a sus familias, aun mantienen la cultura y tradiciones de sus pueblos
Una de las socias de este grupo es la Señora. María Mercedes, está en su cuarto crédito que realiza a lado de sus amigas y compañeras del grupo de crédito Las Amelias, le gusta este tipo de crédito por la unión y solidaridad de todas sus compañeras y amigas ya que más que un grupo han conformado una familia, siempre se apoyan.
La Señora María Mercedes tiene 56 años de edad, está casada y fruto de su unión conyugal ha concebido 7 hijos, cinco son casadas y viven independientes, un hijo soltero trabaja y le ayuda económicamente, su otro hijo está estudiando en la universidad, no tiene casa propia por lo que vive arrendando.
Doña María Mercedes trabaja de domingo a domingo en un puesto propio donde se dedica a la venta confitería, lleva 20 años en esta actividad, trabaja sin horario.
Su crédito va a invertir en la compra de confites para su negocio y así crecer aun más. Su meta es tener un puesto más grande.

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
  • 31
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Amelias (Cuenca) Group's $6,325 loan helped a member to buy confectionery.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2013
Listed
Oct 27, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014