Total loan: $550
Cuenca, Azuay, Ecuador / Education
Luisa Amada's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to pay school fees and buy new uniforms for her children, and also to buy chickens.
Luisa Amada's story
The communal bank "Alianza Unida" was formed in the city of Cuenca, located in the central southern part of the country. This city is a fusion of 3 rich cultures in its traditional symbolism and art, the Cañari, Inca and Spanish. The members of this bank are women who are heads of their households, and who struggle to provide for their families. They are a happy and supportive group; they are always ready to work together so that they all see their families advance economically. Luisa F. is 49 years old and lives in a rented house in the suburb of the city of Cuenca with 3 of her 6 children. The three oldest of her children are already married and live independently. Her children who are 16 and 13 years old study at a night school so they can work and help their mother at home, since they have no father. Luisa has worked as a cook in the restaurant Pio Pio for 15 years, and her schedule rotates from 8am to 4pm, to 3pm to 11pm. When one of her co-workers does not show up, she has to double her shift. In addition to this activity she raises chickens, but only to enjoy at home and not for a business. Luisa joined the communal bank "Alianza Unida" 5 years ago; she was encouraged by a neighbor who is also a member. The loans have helped her to get ahead with her children, and to have the habit of saving. The money from the loan she requests will be invested in the education of her children, paying school fees and buying new uniforms. If there is any money left she will also buy more chickens. Her goal is to buy herself some land so that, little by little, she can start building her own home.
Translated from Spanish by Lisa Grobar, Kiva Volunteer