Total loan: $4,750

Libertad En Progreso (Cuenca) Group

Cuenca, Azuay, Ecuador / Agriculture

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A loan helped To buy chickens / crockery and supplies.

Libertad En Progreso (Cuenca) Group's story

The 'Libertad en Progreso' community bank has 16 female members who are from Zhizho community which is in La Victoria del Portete parish. The plains of this parish were the site of the famous battle of 27th February 1829 which ended in victory for General Antonio José de Sucre's army. The people of the area raise animals and farm. The members of the community bank carry out a number of different business activities which enable them to improve their household finances. The bank's members are very kind, friendly, happy people who work hard every day in their tasks, always with a smile. Mrs Miriam Q. lives in Zhizho community which is in Victoria del Portete parish. This is the second loan she has had from her community bank. She was invited to take part in this group by her cousin. She has very good friends who, during every meeting, step out of their routines with their jokes and the happiness which they radiate. Miriam has been making handicrafts for 10 years. She makes embroideries which is something she learned from her mom who works in the same activity. She works at home from 8 in the morning until 6 in the evening, from Monday to Saturday. She makes her items to order. Miriam is very young. She is 22 years old and the single mother of a 2 year-old boy. She lives in her parents' home which they own. She helps as much as she can with the household finances. Her mom works making embroideries and her father is a construction worker. She will invest her loan in buying chickens since she started out in this activity and is very optimistic that it will go very well. Her goal is to have her own embroidery workshop. Mrs María T. lives in Zhizho community. She is 29 years old and married. She has 2 children aged 10 and 4. Her eldest daughter studies in a local school. Her husband is a construction worker. They don't have their own home so they live looking after a building where they are given accommodation. María has a small eatery. She has been working in this business for 4 years. She works from 7 in the morning until 6 in the evening from Monday to Saturday and she already has customers. She also raises guinea pigs and rabbits which are mostly for her family's consumption. This is the fifth loan which María has had from her community bank and all her loans have allowed her to buy supplies for preparing her dishes. Her new loan will be invested in buying crockery and more supplies. Her dream is to have a restaurant.