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Nuevo Amanecer  (Cuenca) Group
In this Group: Rosa Carmelina, María Rosa Elvira, Ana Rocio, Zoila Narcisa, Rosa Lastenia, Mercy Magaly, Blanca Mercedes, Enriqueta
The communal bank Nuevo Amanecer is formed by 8 women who are kind, charismatic, brave and very hardworking; who struggle day by day to improve the lives of their families and improve their family finances. They live in the community of Zhidmad in Cuenca. This place is surrounded by nature and vegetation. Its people work raising animals, in agriculture, and many work in the city in different activities and return to their homes in the evening. One of the members of this group is Rosa. She is 34 years old, married, and fruit of her marriage are 4 children, who are 14, 11, 7 and 4 years old. Her oldest daughter studies in high school and her other three other children study in the little school of the area. Her husband works as a cook. She owns the house where she lives. Rosa does the household chores and takes care of the children, but in order to help her husband financially she works as a domestic employee and also raises pigs. She will invest this loan in her children's studies. She will buy the books they need. Her goal is to be able to have an own business such as a store in her house.
View original language description ↓
El banco comunal Nuevo Amanecer está formado por 8 mujeres quienes son personas amables, carismáticas, luchadoras y muy trabajadoras, que luchan día a día para sacar adelante a sus familias y mejorar la economía de sus hogares. Viven por la comunidad de Zhidmad en Cuenca, este lugar se encuentra rodeado de naturaleza y vegetación, su gente se dedica a la cría de animales, agricultura y muchos, trabajan en la ciudad en diferentes actividades regresando en la noche a sus hogares.
Una de las socias de este grupo es la Señora. Rosa tiene 34 años de edad, está casada y fruto de su unión conyugal ha concebido 4 hijos de 14, 11, 7 y 4 años, su primera hija estudia en el colegio y sus tres hijos siguientes estudian en una escuelita del sector, su esposo labora como cocinero, la casa en la que vive es propia.
La Señora Rosa se dedica a los quehaceres de su hogar y a cuida de sus hijos, pero para ayudarle a su esposo económicamente labora como empleada domestica y también se dedica a la crianza de cerdos. Su crédito va a invertir en los estudios de sus hijos, va a comprar uniformes, útiles escolares y libros que les hacen falta. Su meta es de llegar a tener un negocio propio en su casa como una tienda.

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
  • 48
    View loans »
    Ecuador Loans Fundraising
  • $24,300,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nuevo Amanecer (Cuenca) Group's $2,975 loan helped a member comprar uniformes, útiles escolares y libros.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 20, 2014
Listed
Apr 22, 2014
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014