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Maluay  (Cuenca) Group
In this Group: María Celina, María Rosario, Rosa Sarbelia, María Cruz, Rosa Agripina, Delia Esther, Carmen Olimpia, María Natividad, Ana Piedad, Mariana De Jesús, Martha Yolanda, Ana Cecilia
The Maluay communal bank is made up of 12 women who live in the outskirts of the parish of Valle in Cuenca. This area is characterized by beautiful scenery. One can admire the green fields, products of the sowing season. The architecture is a mix of colonial and modern styles. The local people maintain the culture and traditions they learned from their parents. They are hardworking people who, despite obstacles, fight to achieve their goals. They are all fighting to improve their financial situation and give their families a better future.

One of the members of this group is Natividad. She has been a member of the Maluay communal bank for one and a half years. She is in this group because it helps the members to support each other as neighbors. They share time together, which they don't get to do often due to work. They also listen to educational speeches, which helps them in their daily lives.

Natividad, 46, is married and has two children, ages 13 and 19. Her oldest daughter is at university and her younger daughter is in high school. Her husband is a tailor. They do not own a house, so they are renting.

Natividad has been a professional seamstress for 25 years. She works with her husband from Monday to Saturday without a fixed schedule. They do all kinds of alterations and make garments.

She will invest this loan in the purchase of fabric, thread, and spare parts for her sewing machines. Her goal is to have a bigger workshop. The smaller inserted picture is of a member who was not able to appear in the group photo.
View original language description ↓
El grupo de crédito Maluay está formado por 12 mujeres quienes viven por los alrededores de la parroquia del Valle en Cuenca, lugar de hermosos paisajes, donde se puede admirar sus verdes campos productos de sus sembríos, su arquitectura es una mezcla de lo colonial y lo moderno. Su gente mantiene la cultura y tradiciones inculcadas por sus padres, son personas luchadoras que a pesar de los obstáculos luchan para cumplir sus objetivos, todos luchan para mejorar su situación económica y brindarles un mejor futuro a sus familias.
Una de las socias de este grupo es la Señora. Natividad, es socia del grupo de crédito Maluay desde hace un año y medio, se encuentra en este grupo porque les ayuda a afianzarse más como vecinas, comparten un tiempo que muchas veces por su trabajo no pueden, a mas que reciben una charla de educación la misma que les ayuda en su vida cotidiana.
La Señora Natividad tiene 46 años de edad, es casada y tiene 2 hijos de 19 y 13 años de edad, su primera hija estudia en la universidad y su segunda hija en el colegio, su esposo es de profesión sastre, no tienen casa propia por que viven arrendando.
Doña Natividad pasa en casa pero desde hace 25 años es toda una profesional en el área de la costura, trabaja con su esposo y labora de lunes a sábados sin un horario fijo, realizan todo tipo de arreglos y prendas de vestir.
El dinero de su crédito va a invertir en la compra de telas, hilos y repuestos para sus máquinas de coser. Su meta es tener un taller más grande.
La foto pequeña es de una socia que no pudo estar presente cuando se tomo la foto del grupo.

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

  • $10,600
    Average annual income
  • 48
    View loans »
    Ecuador Loans Fundraising
  • $24,300,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Maluay (Cuenca) Group's $4,500 loan helped a member to buy fabric, thread, and spare parts for sewing machines.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 14, 2013
Listed
Nov 29, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014