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Innovación  (Cuenca) Group
In this Group: Eulalia Del Rocio, Cinthya Carolina, Jessica Paola, Mariana De Jesús, Grace Valeria, Gabriela Estefania, Ligia Verónica, Geovanna Gabriela, Ruth Alexandra
The loan group "Innovación" (Innovation) consists of 9 hard-working women who work very hard in different businesses, which allow them to be economically independent. They live in the city of Cuenca. This city is surrounded by much vegetation and ample spaces for enjoying nature. Its architecture carries us back to the past, and it is surrounded by four rivers.

One of the members of this group is Señora Cinthya, who has been part of the loan group "Innovación" for a year. She likes this type of credit very much because of the friendship that exists among all the members, at the same time that it helps them grow with the loans that they receive.

Señora Cinthya is 28 years old. She is separated from her husband, but from her marriage she has two children, ages 10 and 3. Her older son goes to a little city school. She does not have her own house, and so she lives in the house of her parents, sharing the household expenses.

Doña Cinthya works as a secretary from Monday to Saturday. She has also been the owner of a little sewing workshop for 6 years. When she is working, her mother manages the workshop, and in her free time or in the evening she works in her workshop.

She is going to invest her loan in the purchase of fabrics and parts for her sewing machines. Her dream is to have a factory with a number of operators and be able to export her products.
View original language description ↓
El grupo de crédito Innovación está formado por 9 mujeres luchadoras ya que se dedican a trabajar muy duro en diferentes actividades, las mismas que les permiten ser independientes económicamente. Viven por la ciudad de Cuenca, esta ciudad se encuentra rodeada de mucha vegetación y amplios lugares para disfrutar de la naturaleza, su arquitectura nos transporta al pasado y esta rodeada de cuatro ríos.
Una de las socas de este grupo es la Señora. Cinthya, forma parte del grupo de crédito Innovación desde hace un año y le gusta mucho este tipo de crédito por la amistad que existe entre todas las socias al mismo tiempo que les ayudan a crecer con los créditos que reciben.
La Señora Cinthya tiene 28 años de edad, está separada de su esposo pero en su unión conyugal ha concebido 2 hijos de 10 y 3 años de edad, su primer hijo está estudiando en una escuelita de la ciudad, no tiene casa propia por lo que vive en casa de sus padres compartiendo los gastos del hogar.
Doña Cinthya trabaja como secretaria de lunes a sábados, también es propietaria de un pequeño taller de costura desde hace 6 años, cuando ella está trabajando su mamá le da administrando y en el tiempo libre o por las noches se dedica a trabajar en su taller.
Su crédito va a invertir en la compra de telas e repuestos para sus maquinas de coser. Su sueño es tener una fábrica con varios operarios y poder exportar su producción.

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
  • 42
    View loans »
    Ecuador Loans Fundraising
  • $23,222,425
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Innovación (Cuenca) Group's $5,600 loan helped a member to buy fabrics and sewing machine parts.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 12, 2013
Listed
Nov 25, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014