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Nueva Generación  (Cuenca) Group
In this Group: Lourdes Catalina, Karla Valeria, María Isolina, Janeth Rocio, Rosa Lucinda*, Silvia Johanna, María Victoria, Linda Maribel*, Digna Soledad, Eva Casilda, María Dolores, Blanca Esthela*, María Esperanza, Sonia Gerardina, Blanca Gerardaina
* not pictured
The credit group Nueva Generación (New Generation) is made up of 15 women who are friends and acquaintances and live in the city of Cuenca. This is the third most important city in Ecuador economically and is rich in natural, cultural and architectural resources. Its varied cuisine appeals to locals and foreign visitors alike, and its people are cultured and kind.

The group's members are happy, charismatic, and hard-working women, who engage in a variety of daily activities which allow them to contribute financially to their households and thus get ahead. One of the group's members, Digna, joined the Nueva Generacion credit group two years ago, during which time she has formed strong friendships with all of the members. She is 36 years old, married and has two children who are 18 and 21 years old and are students at a local school. Her husband works as a mechanic in his own shop, and they own their home.

Digna has had her own hardware store for the past three years. She works from Monday to Saturday with no set schedule. She has also been selling Omnilife natural products for the past two years. The work she does allows her to spend time with her family. The money from the loan is to buy items for her hardware store. Her goal is to travel to different parts of the world.
View original language description ↓
El grupo de crédito Nueva Generación está formado por 15 mujeres quienes son amigas y conocidas, viven en la ciudad de Cuenca, esta ciudad es la tercera de mayor importancia a nivel económico del país, tiene riqueza natural, arquitectónica y cultural, su variada gastronomía cautiva el paladar de propios y extraños, su gente es culta y amable. Las socias son personas muy alegres, carismáticas y trabajadoras que realizan varias actividades diarias las mismas que les permiten aportar económicamente en sus hogares para salir adelante.
Una de las socias de este grupo es la Señora. Digna, forma parte del grupo de crédito Nueva Generación desde hace 2 años, tiempo en el que llegado a tener una muy buena amistad con todas las socias.
La Señora Digna tiene 36 años de edad, está casada y fruto de su unión conyugal ha concebido 2 hijos de 21 y 18 años que estudian en un colegio de la ciudad, su esposo labora en una mecánica que es de su propiedad, la casa en donde viven es propia.
Doña Digna tiene una ferretería desde hace 3 años, labora sin un horario fijo y de lunes a sábados, también desde hace 2 años se dedica a la venta de productos naturales onmilife. Estos trabajos el dan la oportunidad de pasar con su familia.
El dinero de su crédito es para la compra de artículos de ferretería. Su meta es viajar a diferentes partes del mundo.

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
  • $24,133,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nueva Generación (Cuenca) Group's $5,800 loan helped a member to buy hardware items.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 31, 2014
Listed
Apr 21, 2014
Currency Exchange Loss:
N/A
Ended:
Oct 17, 2014