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Maluay  (Cuenca) Group
In this Group: María Celina, María Rosario, Rosa Sarbella, María Cruz, Rosa Agripina, Delia Esther*, Ana Piedad, Mariana De Jersus, Martha Yolanda, Ana Cecilia
* not pictured
The Maluay communal bank is comprised of ten women members who strive to improve their economies to give their children a better future. They work raising animals and also growing crops for home consumption. They live in the Maluay Community in Cuenca which is a community with lush vegetation and enchanting scenery.

One of the members of the group is Maria, who is 37 years old. She is married and has two children, ages 18 and 11. The eldest daughter is in high school and the youngest son in elementary. Her husband works in telephone communication and has his own workshop. They live in their own house.

Maria is a hard-working woman who is dedicated to organic agriculture. None of her crops are grown with any type of chemicals. She has been in business for three years. She also raises animals such as guinea pigs, pigs and chickens. In her free time she sells cosmetics. The money from the loan will be invested in the purchase of compost and seeds. Her goal is to have an integral vegetable crop farm.
View original language description ↓
El grupo de crédito Maluay está formado por un grupo de 10 mujeres que con su trabajo buscan mejorar su economía para brindarles un mejor futuro a sus hijos, trabajan en el campo criando animales y también sembrando en los campos y su producción es mas para abastecer a su hogar, viven en la comunidad de Maluay en Cuenca que es una comunidad llena de vegetación y con unos paisajes encantadores.
Una de las socias de este grupo es la Señora. María, tiene 37 años de edad, está casada y fruto de su unión conyugal ha concebido 2 hijos de 18 y 11 años, su primera hija estudia en el colegio y su segundo hijo en la escuela, su esposo es profesional en telefonía y ejerce su profesión en un taller de su propiedad, la casa en la que vive es propia.
La Señora María es una mujer luchadora que se dedica a laborar en el campo, se dedica a la agricultura orgánica, todos sus productos son sembrados sin ninguna clase de químicos, en esta actividad se encuentra 3 años, también cría animales como cuyes, cerdos y pollos, en sus tiempo libres se dedica a la venta de cosméticos. El dinero de su crédito va a invertir en la compra de abono y semillas. Su meta es tener una finca integral de hortalizas.

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
  • 50
    View loans »
    Ecuador Loans Fundraising
  • $24,308,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Maluay (Cuenca) Group's $3,975 loan helped a member to buy compost and seeds.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2014
Listed
Jun 8, 2014
Currency Exchange Loss:
N/A
Ended:
Nov 20, 2014