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Camino A La Esperanza  (Cuenca) Group
In this Group: María Dolores , Sara Magdalena, María Luzmila, Rosa Elvira, Verónica Lourdes, Angelita Rosario, Gloria Guadalupe
The loan group Camino a la Esperanza (Road to Hope) is formed by 7 members who live on the outskirts of Santa Ana Parish in Cuenca. This parish enjoys cold weather, surrounded by a lot of vegetation and green fields. Its architecture is a mixture of modern and old. The people, like the members, have big hearts and work hard to improve their household earnings and to come out ahead.

One of the members of this group is Maria. Maria is 60 years old, married and has 7 adult children; 4 are married and live with their families, 3 are single and work and help her financially. Her husband works in construction. She owns the house where she lives.

Maria works from home, work she inherited from her parents; raising animals and agriculture. The animals she raises are sheep, pigs and guinea pigs. The farming is for personal consumption but if there is excess they sell it.

The loan is for the purchase of pigs and animal feed. Her goal is to have more animals and grow in this business.
View original language description ↓
El grupo de crédito Camino a la Esperanza está formado por 7 socias quienes viven por los alrededores de la parroquia Santa Ana en Cuenca, esta parroquia goza de un clima frió, se encentra rodeada de mucha vegetación y verdes campos, su arquitectura es una mezcla de lo moderno y lo antiguo, su gente al igual que las socias son personas de un gran corazón quienes dedican a trabajar duro para mejorar la economía de sus hogares y salir adelante con sus familias.
Una de las socias de este grupo es la Señora. María, tiene 60 años de edad, está casada y fruto de su unión conyugal ha concebido 7 hijos mayores de edad, cuatro de ellos ya son casados y viven independientes, sus tres hijos solteros trabajan y le ayudan económicamente, su esposo se dedica a la construcción, la casa en la que vive es propia.
Doña María pasa en casa donde se dedica al trabajo que heredo de sus padres el mismo que es la crianza de animales y la agricultura, los animales que cría son borregos, cerdos y cuyes, la agricultura es para el consumo de la casa y si existe un sobrante lo vende. El dinero de su crédito es para la compra de cerdos y alimento para sus animales. Su meta es tener más animales y crecer en este 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.

Tags

About Ecuador

  • $10,200
    Average annual income
  • 32
    View loans »
    Ecuador Loans Fundraising
  • $23,087,325
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Camino A La Esperanza (Cuenca) Group's $5,425 loan helped a member to purchase pigs and animal feed.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 10, 2014
Listed
Jun 18, 2014
Currency Exchange Loss:
N/A
Ended:
Dec 17, 2014