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El Mirador  (Cuenca) Group
In this Group: Sonia Soledad, Blanca Esmeralda, Zoila Silvana, María Cecilia, Blanca Elvira, Paola Alexandra*, Patricio Antonio, Rocio Magaly, Luisa Catalina
* not pictured
The communal bank El Mirador comprises one male and eight female partners, who live on the outskirts of Turi parish in Cuenca. The area, thanks to geography, enjoys the beauty of the city of Cuenca, and its architecture is a mix of old and new. The residents, like all this group's female members, are working and striving each day to improve their households' financial circumstances. Their common goal is achieving a brighter future for their families.

Blanca has been a member of the communal bank El Mirador for three years and has become friends with the other members and benefited from the loans, which have helped her business. Blanca, 34, is divorced and has two children, ages 17 and 2. Her oldest child attends a city high school. They don't own a house and live in a rented one.

Blanca sells handicrafts, particularly straw hats, all week on a flexible schedule. She will use this loan to buy straw hats to continue growing her business. Her goal is to travel to the United States.
View original language description ↓
El grupo de crédito El Mirador está formado por 8 socias y 1 socio que viven por los alrededores de la parroquia de Turi en Cuenca, este lugar gracias a su geografía accidentada se puede disfrutar de la belleza de la ciudad de Cuenca, su arquitectura es una mezcla de lo antiguo y lo moderno. Su gente al igual que todas las socias son mujeres que están trabajando y se esfuerzan a diario para mejorar la estabilidad económica de sus hogares, su objetivo en común es lograr que su familia tenga un mejor futuro.
Una de las socias de este grupo es la Señora. Blanca, forma parte del grupo de crédito El Mirador desde hace 3 años, tiempo en el que ha llegado a establecer una muy buena amistad con todas sus compañeras del grupo, al mismo tiempo que los créditos le benefician para su negocio.
La Señora Blanca tiene 34 años de edad, está divorciada y en su unión conyugal ha concebido 2 hijos de 17 y 2 años de edad, su primer hijo está estudiando en un colegio de la ciudad, no tiene casa propia por lo que vive arrendando.
Doña Blanca es comerciante de artesanías, especialmente se dedica a la venta de sombreros de paja toquilla, vende este producto de domingo a domingo sin un horario fijo.
El dinero de su crédito es para comprar sombreros de paja toquilla para continuar creciendo en su negocio. Su meta es viajar a los Estados Unidos.

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
  • 22
    View loans »
    Ecuador Loans Fundraising
  • $22,885,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of El Mirador (Cuenca) Group's $2,975 loan helped a member to buy straw hats.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2013
Listed
Nov 10, 2013
Currency Exchange Loss:
N/A
Ended:
Mar 17, 2014