Total loan: $3,500
Mujeres De Esperanza (Cuenca) Group
Cuenca, Azuay, Ecuador / Food
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A loan helped to buy fruit, eggs, milk and cosmetics.
Mujeres De Esperanza (Cuenca) Group's story
The “Mujeres de Esperanza” (Women of Hope) credit group consists of six women who are friends and neighbors living in Baños Parish in Cuenca. This parish has several tourist sites, thermal water resorts and restaurants where the cuisine can be enjoyed; it also has beautiful scenic points from which to enjoy nature. Its people, like the group members, are hardworking people who work daily to improve their economic situation in order to provide a better future for their children. One of the members of this group is Rosa Nieves who is taking out her fourth loan alongside her companions who form the Mujeres de Esperanza credit group. She’s 37-years-old, separated and mother of five children who are 19, 14, 12, 8 and 1 years of age. Her oldest son works and studies, her next two children attend a secondary school in the city and her next-to-last child attends the local little elementary school. She does not own a house; she’s a renter. Rosa Nieves works making and selling frozen treats, an activity she’s been doing for the last five years. She makes frozen treats every day and sells them groin from market to market in the city; she also sells ‘espumillas’ [type of fruit meringue], cosmetics and also raises guinea pigs and chickens. She used her previous loan to buy chicks and used profits earned to cover some of her household expensed. She will use her new loan to buy cosmetic, fruit, sugar, eggs and milk to make the espumillas and the frozen treats. Her goal is to have a house of her own.