Check out other loans that are currently fundraising!
Bankito Progresista  (Cuenca) Group
In this Group: Ana Lucia, Diana Elizabeth, María Isabel, Rosa, Rosa Obdulia, Marcia Monserrath, Julia Teresa, Gladis Susana
The Bankito Progresista (Progressive Bank) communal bank is made up of eight women who are already a family. They all help each other to reach the same goal, which is their own improvement and to give their children a better future. Their pride is to maintain the cultures and traditions of their towns. They live in the surrounding areas of the Turi de Cuenca parish. This place is known as the viewpoint of the city because from the highest point one can admire the city's beauty. Its people make a living through trade, raising animals, and agriculture.

One of the members of this group is Señora María Isabel. She has been a member of Bankito Progresista for a year and a half. This time has given her the opportunity to better know her friends and to share pleasant moments, at the same time that the loans help her to continue growing her business.

Señora María Isabel is 38 years old, married, and from this union has 3 children who are 13, 18, and 24 years old. Her first daughter is married and lives independently, her two sons are studying at the university in town, and her husband works in his carpentry shop. The house they live in is the product of their work.

Doña María Isabel spends time at the house, taking care of her home, and she has a grocery store where she works every day without a set schedule. Also, on the weekends she makes a living through her food business.

She will use the money from the loan to buy groceries for her business.
View original language description ↓
El grupo de crédito Bankito Progresista está formado por 8 mujeres quienes ya conforman una familia, todas se ayudan para llegar al mismo objetivo el cual es su propia superación y entregarles a sus hijos un mejor futuro, su orgullo es de aun mantener la cultura y tradiciones de sus pueblos. Viven por los alrededores de la parroquia de Turi en Cuenca, este lugar es conocido como el mirador de la ciudad ya que desde lo más alto se admira la belleza de la ciudad, su gente se dedica al comercio, crianza de animales y a la agricultura.
Una de las socias de este grupo es la Señora María Isabel, es socia del grupo de crédito Bankito Progresista desde hace un año y medio, todo este tiempo le ha dado la oportunidad conocer más a sus amigas, y compartir gratos momentos, al mismo tiempo que los créditos le benefician para continuar creciendo en sus negocios.
La Señora María Isabel tiene 38 años, es casada y en su unión conyugal ha concebido 3 hijos de 24, 18 y 13 años de edad, su primera hija es casada y vive independiente, su dos hijos están estudiando en un colegio de la ciudad, su esposo labora en su taller de carpintería, la casa en la que viven es el fruto del trabajo conyugal.
Doña María Isabel pasa en casa al cuidado de su hogar y tiene una tienda de víveres en la cual labora todos los días sin un horario fijo. También los fines de semana se dedica a su negocio de comidas.
El dinero de su crédito va a invertir en la compra de víveres para sus negocios.

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
  • 24
    View loans »
    Ecuador Loans Fundraising
  • $22,853,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Bankito Progresista (Cuenca) Group's $4,725 loan helped a member to buy groceries.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 20, 2013
Listed
Dec 6, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014