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Sol Naciente  (Cuenca) Group
In this Group: Ladia Violeta, María Esperanza, Mayra Alexandra, Elourdes Maribel , Evelyn Lilibeth, Carmen Marlene*
* not pictured
The loan group "Sol Naciente" is made up of 6 women who with their work, help to improve the economy of their households in order to move their families forward in life. They live in the city of Cuenca. This city has a cold climate, but the warmth of the people is well known to all that visit. Its people still keep alive the culture and traditions of its people. It cuisine is varied which captivates the palate of its visitors. One of the member of this group is Evelyn. Evelyn is 24 years old. She is single and does not have children. She lives with her parents with whom she shares the household expenses. They do not have their own house so they are renting.
Evelyn has been a merchant for 3 years. She sells costume jewelry for a living. She also buys and sells small chicks. These activities give her economic independence and personal success. The money from this loan will go towards the purchase of costume jewelry. Her goal is to grow more in her business.
View original language description ↓
El grupo de crédito Sol Naciente está formado por 6 mujeres quienes con su trabajo ayudan a mejorar la economía de sus hogares para sacar adelante a sus familias, viven en la ciudad de Cuenca, esta ciudad es de clima frió pero el calor de su gente es muy acogedor para todos los que la visitan, su gente aun mantiene viva las llamas de su cultura y tradiciones de sus pueblos, su gastronomía es muy variada la cual cautiva el paladar de sus visitantes.
Una de las socias de este grupo es la Señorita. Evelyn, tiene 24 años de edad, es soltera y aun no ha concebido hijos, vive con sus padres con quienes comparte los gastos del hogar, no tienen casa propia por lo que viven arrendando.
Doña Evelyn desde hace 3 años se dedica a al comercio, vende bisutería así como también compra y vende pollitos pequeños, estas actividades le dan independencia económica y así se supera en su vida personal. El dinero de su crédito va a invertir en la compra de bisutería. Su meta es crecer más en el 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.

About Ecuador

  • $10,200
    Average annual income
  • 28
    View loans »
    Ecuador Loans Fundraising
  • $22,871,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Sol Naciente (Cuenca) Group's $2,400 loan helped a member to buy costume jewelry.
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