Total loan: $6,250

Fé Y Alegría (Cuenca) Group

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Cuenca, Azuay, Ecuador / Retail

Fé Y Alegría (Cuenca) Group's loan finished fundraising,
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A loan helped to buy perfume, makeup and clothing.

Fé Y Alegría (Cuenca) Group's story

The communal bank "Fe y Alegria" is made up of 10 women and 1 man who live in different parts of the city of Cuenca. They are all friends and acquaintances who exhibit a spirit of friendship in each group meeting. They spend their time in the meeting talking about various subjects that interest them, and how they will be able to improve some aspects of their lives. They are kind and gentle people with warm hearts, who still maintain their culture and the traditions of their towns. This city has an architecture that is both modern and colonial. The climate is cold, and it is the third most important city in the country. One of the members of this group is Ingrid. This is the first loan that she has taken with her communal bank. She was invited to join the bank by her sisters. She lives in the Uncovia neighborhood of the city of Cuenca. She is single and lives with her mother, who works for a private company. They don't have their own home, so they are renting. Ingrid is studying for a degree in medicine. She is in her 6th year of studies, and so she is very excited because she is very close to completing her degree. To help cover her educational expenses, she works selling cosmetics and clothing through a catalog. She has been doing this work for 3 years, selling her merchandise to her fellow students and acquaintances. She will invest her first loan in the purchase of products to sell, such as: perfumes, makeup, and clothing. This way she can increase her merchandise. Her goal is to finish her degree and work as an endocrinologist.