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Rosas Rojas (Paute) Group
In this Group: Blanca Azucena, Johanna Carolina, Zoila Virginia, Fanny Fabiana, Julia Leonor, Saida Marible, María Dolores, María Mercedes
The Communal Bank “Rosas Rojas” (Red Roses) consists of eight women who live in the canton of Paute, which is known for its warm climate and for being a major producer of flowers. This area also has the largest hydroelectric dam in the country. The people are working class and are always striving to help their families get ahead.

One member of this group is Sra. Jhoanna. She is 20 years old, in a common-law relationship, and has two children (ages 3 and 1). Her husband is a public employee. They do not own a home, so they currently live at the house of her in-laws.

Doña Jhoanna passes the time by looking after her children, but she also contributes to the household finances by raising guinea pigs, chickens, and pigs. She also engages in farming and the crops that she produces are set aside for both household consumption and for sale. The money from her loan will be used to buy guinea pigs, chickens, animal feed, and seeds.
View original language description ↓
El grupo de crédito Rosas Rojas está formado por 8 mujeres quienes viven en el cantón de Paute, siendo este cantón reconocido por su clima que es cálido, por ser la mayor productora de flores, también por estar en este lugar la hidroeléctrica más grande del país, su gente es trabajadora y siempre luchar para salir adelante con sus familias.
Una de las socias de este grupo es la Señora. Jhoanna, tiene 20 años de edad, vive en unión libre y fruto de esa unión ha concebido dos hijos de 3 y 1 año de edad, su esposo labora como empleado público, no tienen casa propia por lo que viven en casa de sus suegros.
Doña Jhoanna pasa al cuidado de sus hijos pero aportar en la economía de su hogar se dedica a la cría de cuyes, pollos y cerdos, también se dedica a la agricultura y lo que cosecha es para el consumo de su hogar y para la venta. El dinero de su crédito es para la compra de cuyes, pollos, alimento de animales y semillas

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
  • 45
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Rosas Rojas (Paute) Group's $2,975 loan helped a member to buy guinea pigs, chickens, animal feed, and seeds.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 26, 2014
Listed
Apr 23, 2014
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014