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Unión Progresista  (Cuenca) Group
In this Group: Rosa Celia, María Dolores, Norma Fabiola, Celia Amada, María Manuela, Mercy Johanna, Blanca Beatriz, Mariana De Jesús, Ruth Angelica, María Carmen, Rosa Luzmila*, María Luz, Rosa Amelia
* not pictured
The "Union Progresista" group is made up of 13 women. They live in the Santa Ana parish in Cuenca, where there is a cold climate and green fields. From its center, you can admire the city of Cuenca. The people are friendly, kind, and very charismatic. They still follow the culture and traditions that their parents passed on to them. Their main economic activities are raising animals and farming.

One of the members is Ruth. She is on her third loan with her friends and members of the Union Progresista group. She likes this group because all of the members are friends and they always share pleasant moments at their meetings. Ruth is 23 years old and is the single mother of a 4-year-old daughter who attends a local school. She doesn't have her own home, so she lives with her mother and shares the household expenses.

Ruth works from Monday to Friday as a domestic worker. At home, she raises chickens and guinea pigs. She also farms and her harvest is for her family but, if there is enough, she sells it. The money from this loan is to purchase chickens to raise in this business. Her goal is to increase the number of animals that she raises.
View original language description ↓
El grupo de crédito Unión Progresista está formado por 13 mujeres, viven por la parroquia de Santa Ana en Cuenca, lugar de clima frió y verdes campos, desde su centro se puede admirar la ciudad de Cuenca, su gente es amable y gentil que gozan de un gran carisma, aún mantienen la cultura y tradiciones que sus padres les han inculcado, su actividad económica es en especial la crianza de animales y la agricultura.
Una de las socias de este grupo es la Señora. Ruth, se encuentra en el tercer crédito que realiza a lado de sus amigas y compañeras del grupo de crédito Unión Progresista, le gusta esta forma de crédito porque todas son amigas y siempre están compartiendo gratos momentos en las reuniones.
La Señora. Ruth tiene 23 años de edad, es madre soltera de una niña de 4 años que está en una escuelita de la localidad, no tienen casa propia por lo que vive en casa de su madre con quien comparte los gastos del hogar.
Doña Ruth labora de lunes a viernes como empleada doméstica, en su casa se dedica a la cría de gallinas y cuyes, también cultiva y su cosecha es para su casa y si existe un sobrante lo vende.
El dinero de su crédito es para comprar pollos para crecer en este negocio. Su meta es aumentar la crianza de animales.

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
  • 44
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Unión Progresista (Cuenca) Group's $6,150 loan helped a member to buy chickens.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 22, 2013
Listed
Dec 20, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014