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Buscando El Exito  (Cuenca) Group
In this Group: Bertha Rufina, Nancy Yolanda, Alexandra Angelita, Carmen Piedad, Jessica Nataly, Rosa María, Bertha Rocio, Blanca Melania, Mariuxi Alexandra*, Rosa Hermelinda
* not pictured
The Buscando el Éxito (Seeking Success) Community Bank has ten members, most of whom work in a market in the town selling such items as fruit or vegetables, or preparing and selling food. These businesses give them the opportunity to improve their household income and get ahead with their families. They live in different places in Cuenca, a city with a cold climate. Its historic centre is a mixture of modern and colonial architecture. The local food is varied and delights the palates of visitors. The people still maintain their culture and traditions.

One of the members is 56-year old Sra. Blanca. She is divorced but has five children from her marriage, four of whom are married and live independently, while the the fifth is single and is a student at a local college. The house where she lives is her own.

Sra. Blanca has earned her living for seven years selling food half days from Monday to Friday. The rest of the time she cleans houses. The income from these two jobs has allowed her to improve the financial stability of her household.

Blanca plans to use the loan money to buy ingredients for the food she sells. Her goal is to grow her business.
View original language description ↓
El banco comunal Buscando el Éxito está formado por 10 socias quienes en su mayoría trabajan en un mercado de la ciudad, realizan diferentes actividades de comercio como la venta de frutas, verduras o en la preparación y venta de comida, estos negocios les dan la oportunidad de mejorar la economía de sus hogares y salir adelante con sus familias. Viven en diferentes lugares de la ciudad de Cuenca, ciudad que tiene un clima frió, su Centro Histórico es una mezcla de la arquitectura moderna y colonial, cuenta con variada gastronomía típica la que deleita el paladar de sus visitantes, su gente aun mantiene viva su cultura y tradiciones.
Una de las socias de este grupo es la Señora Blanca, tiene 56 años de edad, es divorciada pero en su unión conyugal ha concebido 5 hijos mayores de edad, cuatro de ellos son casados y viven independientes, su hijo soltero estudia en un colegio de la ciudad, la casa en la que vive es propia.
Doña Blanca se dedica desde hace 7 años a la veta de comida, trabaja de lunes a viernes medio día, el resto de su tiempo se dedica a la limpieza de casas, estos trabajos le han permitido mejorar la estabilidad de su hogar.
El dinero de su crédito va a invertir en la compra de víveres para la preparación de sus productos. Su meta es crecer más en su negocio.

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
  • 43
    View loans »
    Ecuador Loans Fundraising
  • $23,146,000
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Buscando El Exito (Cuenca) Group's $4,550 loan helped a member buy ingredients.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 13, 2014
Listed
Apr 6, 2014
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014