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Nuevo Porvenir  (Cuenca) Group
In this Group: Carmen, Carmen Rosalina, María Dolores, María Margarita, Ligia Celestina, María Natividad*, María Asuncion, María Guillermina, Rosa Leticia
* not pictured
Nuevo Porvenir loan group is made up of nine women who live in the area of Cumbe Parish in Cuenca. This parish has a cold climate and is surrounded by mountains that grant it beautiful landscapes and fertile land. The people there are friendly and kind, and they still preserve the culture and traditions of their communities.

One of the members of this group is María Dolores, 31, who has been with Nuevo Porvenir for a year. During this time she has established friendships with all the members and the loans have helped her with the household budget.

María Dolores is the single mother of three children, ages 10, 7, and 3. Her oldest two children attend school in the town. María Dolores devotes herself to taking care of her children, who are still young, but she works in agriculture to have her own income. She sells her harvest and also uses it for family consumption. She also raises guinea pigs and pigs, and makes crafts out of agave.

With the money from the loan she's going to buy pigs and animal feed.

María Dolores's dream is to travel to the United States.
View original language description ↓
El grupo de crédito Nuevo porvenir está formado por 9 mujeres quienes viven por los alrededores de la parroquia de Cumbe en Cuenca, esta parroquia goza de un clima frió, se encuentra rodeada por montañas las que les regala hermosos paisajes, sus terrenos son fértiles. Su gente es amable y gentil y aún mantienen la cultura y tradiciones de sus pueblos,
Una de las socias de este grupo es la Señora. María Dolores, se encuentra en el grupo de crédito Nuevo Porvenir desde hace un año, tiempo en el que establecido una relación de mistad con todas las socias y los créditos le han beneficiado para la economía de su hogar.
Doña María Dolores tiene 31 años de edad, es madre soltera de 3 hijos de 10, 7 y 3 años de edad, sus dos primeros hijos están en una escuelita de la localidad, no tiene casa propia por lo que vive en casa de su madre con quien comparte los gastos de su hogar.
La Señora. María Dolores se dedica al cuidado de sus hijos quienes aún son pequeños, pero para tener sus propios ingresos se dedica a la agricultura, su cosecha la vende y es para el consumo de su hogar, también cría cuyes y cerdos y se dedica a hacer manualidades con cabuya.
El dinero de su crédito va a invertir en la compra de cerdos y en alimento de animales. Su sueño es de viajar hacia 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
  • 88
    View loans »
    Ecuador Loans Fundraising
  • $23,931,225
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nuevo Porvenir (Cuenca) Group's $3,500 loan helped a member to buy pigs and animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2013
Listed
Nov 27, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014