Check out some available loans that are similar to this one!
Las Vecinas  (Cuenca) Group
In this Group: Alcira Virginia De Fátina, Silvana Karol, Susana Elizabeth, María Cristina, Jessica Fabiola, Sandy Cecilia, María Presentación, Gladys Dioselina, Margarita De Jesús, María Laura
The “Las Vecinas“[The Neighbors] group is comprised of ten members who strive daily to improve their household economies. They achieve this goal by working hard every day in their jobs or businesses, and still maintain the culture and traditions of their people. They live in Cuenca, a city with a cold climate that is bathed by four rivers. Its historical center was named “Patrimonio de la Humanidad” [World Heritage Site] thanks to its beautiful architecture and varied gastronomy.

One of the group members is Presentación, who is requesting her first loan alongside her friends and neighbors in the “Las Vecinas” communal bank. Her aspiration is to be able to expand the projects she is working on and offer her children a better future.

Presentación is 27 years old and a single mother of a two year old child. She doesn’t own her own home and so, lives in a rented dwelling. She has been a factory worker for five years, and works eight hours a day, Monday through Friday. She will invest the funds from her first loan in the purchase of clothing to begin this business and expects everything to go as planned. Her goal is to have a business location, and sell handicrafts and clothing
View original language description ↓
El grupo de crédito Las Vecinas está formado por 10 mujeres que día a día buscan mejorar la economía de sus hogares, eso lo logran día a día con el duro trabajo en sus trabajos o negocios, aun mantienen la cultura y tradiciones de sus pueblos. Viven en la ciudad de Cuenca lugar de clima frió y esta bañada por 4 ríos, su centro histórico fue nombrado como Patrimonio de la Humanidad gracias a su belleza arquitectónica, su gastronomía es muy variada.
Una de las socias de este grupo es la Señora presentación, está realizando su primer crédito a lado de sus amigas y vecinas del grupo de crédito Las Vecinas, su aspiración es de poder crecer en los proyectos que esta por realizar para brindarles a sus hijos un mejor futuro.
La Señora Presentación tiene 27 años de edad, es madre soltera de un niño de 2 años de edad, no tiene casa propia por lo que vive arrendando.
Ella trabaja desde hace 5 años como obrera en una fábrica de lunes a viernes 8 horas al día.
El dinero de su primer crédito lo va a invertir en la compra de ropa para iniciar con este negocio y espera que todo salga como lo a planificado. Su meta es tener un local de venta de artesanías y de ropa.

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.

Tags

About Ecuador

  • $10,200
    Average annual income
  • 97
    View loans »
    Ecuador Loans Fundraising
  • $23,946,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Las Vecinas (Cuenca) Group's $4,850 loan helped a member to purchase clothing.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 16, 2013
Listed
Nov 7, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2014