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Conchán  (Cuenca) Group
In this Group: Carmen Margarita, Rosa Ubaldina, Carmen Isabel, Rosa Elvira, Narcisa Rocio*, Juan Eliseo
* not pictured
The "Conchan" loan group has six members - five women and one man - who have different businesses. Their work allows them to maintain financial stability in their home. Their main work is raising animals and agriculture. The members keep up their towns' traditions and cultures They live in the surrounding areas of the Valle parish in Cuenca, an area with a lot of natural beauty and green fields.

One members of this group is 45-year-old Carmen. She is married and has three children, aged 25, 5, and 3 years old each. Her eldest son is married and has his own home; her second son is attending a local school. Carmen's husband is a tailor. The couple owns the house where they live.

Carmen works in dressmaking, a trade she learned from the age of 12 years old. She works from Monday to Saturday but has no fixed timetable. Given that she works at home, she also raises chickens, guinea pigs, lambs and pigs. She grows various items for consumption at home.

This loan will be used to buy threads, material and animal feed. Carmen's goal is to fix her home.
View original language description ↓
El grupo de crédito Conchan está formado por 5 socias y 1 socio quienes laboran en diferentes actividades, las mismas que les dan la oportunidad de mejorar la estabilidad económica de sus hogares, su principal actividad económica es la crianza de animales y la agricultura, aún mantienen la cultura y tradiciones de sus pueblos. Viven por los alrededores de la parroquia del Valle en Cuenca, este lugar goza de mucha belleza natural y de verdes campos.
Una de las socias de este grupo es la Señora. Carmen, tiene 45 años de edad, está casada y fruto de su unión conyugal ha concebido 3 hijos de 25, 5 y 3 años de edad, su primer hijo es casado y vive independiente, su segundo hijo estudia en una escuelita del sector, su esposo es de profesión sastre, la casa en la que vive es propia.
Doña Carme se dedica a la costura actividad que la aprendió trabajando desde que tenía 12 años de edad, trabaja de lunes a sábados sin un horario fijo, como labora en casa también se dedica a la crianza de pollos, borregos, cuyes y cerdos, cultiva varios productos que son para el consumo de su casa.
El dinero de su crédito es para comprar telas, hilos y alimento para animales. Su meta es arreglar su casa.

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

  • $10,600
    Average annual income
  • 93
    View loans »
    Ecuador Loans Fundraising
  • $24,104,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Conchán (Cuenca) Group's $1,825 loan helped a member to buy materials, threads and animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 24, 2013
Listed
Jan 13, 2014
Currency Exchange Loss:
N/A
Ended:
Jul 17, 2014