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Tocte  (Cuenca) Group
In this Group: Elvira De Jesús, María Ana, Rosa Matilde*, María Zoila, Flor Narcisa , María Aurora, Ana Luicia, María Magdalena, Zoila María
* not pictured
the "Tocte" communal bank is made up of 9 women who work in the fields daily in tasks like raising cattle and agriculture. Some also work in the city doing a variety of things. They are friendly, gentle people who work every day to improve their household finances and offer a better future for their children. They maintain the culture and traditions of their villages. They live around the parish of Jadan in Cuenca, a place full of vegetation and green fields.

One of these members is Maria Aurora who enjoys these loans because they invoke a unity in their group, solidarity and the desire to meet their goals together. Maria Aurora is 63 years old, married and has 6 children from this union. Three of the children are married and live with their families. The three single ones work and help with the family's finances. Her husband works in agriculture. They live in their own house.

Maria Aurora has worked in agriculture all her life. They consume the product in their home. She also raises pigs, guinea pigs, chickens and milk cows. The money from the loan will be used to buy fertilizer for her fields and feed for the animals. Her goal is to have more animals.
View original language description ↓
El grupo de crédito Tocte está formado por 9 mujeres quienes laboran a diario en las tareas del campo como es la crianza de animales y la agricultura, algunos laboran en la ciudad realizando varias actividades, son personas amables, gentiles que laboran a diario para mejorar la economía de sus hogares y para brindarles un mejor futuro a sus hijos, aún mantienen la cultura y tradiciones de sus pueblos. Viven por los alrededores de la parroquia de Jadan en Cuenca, lugar que está lleno de vegetación y verdes campos.
Una de las socias de este grupo es la Señora. María Aurora, le gusta esta forma de créditos porque les inculcan a la unión del grupo, a la solidaridad y esperan cumplir sus metas en conjunto.
La Señora María Aurora tiene 63 años de edad, está casada y en su unión conyugal ha concebido 6 hijos tres de sus hijos son casados y viven independientes, sus tres hijos solteros trabajan y le ayudan económicamente, su esposo labora en la agricultura, la casa en la que viven es propia.
Doña María Aurora toda su vida se ha dedicado a la agricultura lo que es para el consumo de su casa, también cría cerdos, cuyes, pollos y ganado del cual vende la leche.
El dinero de su crédito va a invertir para la compra de abono para sus potreros y en alimento para sus animales. Su meta es tener más animalitos.

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
  • 96
    View loans »
    Ecuador Loans Fundraising
  • $24,134,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Tocte (Cuenca) Group's $4,900 loan helped a member to buy fertilizer and animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2013
Listed
Dec 22, 2013
Currency Exchange Loss:
N/A
Ended:
Jun 17, 2014