A loan of $3,925 helped a member operating capital.

Ceraturo Irquis (Cuenca) Group's story

The Ceraturo Communal Bank is a group of 17 women and men who are residents of the Ceraturo Irquis neighborhood of Victoria del Portete, located to the south of the city of Cuenca. This region experiences extreme cold while fog develops in the afternoons, making it difficult for people to travel through the streets and preventing them from leaving their homes.

Member María Tránsito P., for the past 3 months, has been living in the house of her sister-in-law who currently resides abroad. María is 23 years old, married, and has 5 children (ages 9, 7, 5, 3 and 1 month). Three of the children attend school in Ceraturo. Before joining Fundación ESPOIR, she and her husband worked on the Victoria del Portete Estate as farm laborers. They milked the cows and worked in the fields. Their work schedule was from 6am to 6pm. At the estate, some of the supervisors were good and while others were bad. However, none of them liked it whenever María had to miss work or leave early to take care of her children whenever they became sick. She became a member around June 16th of this year when a neighbor told her about the Foundation and invited her to join. She is requesting a loan of $110 so that she can buy guinea pigs and grass, enabling her to quit her farm job so that she can spend more time caring for her children. Her goal is to start breeding more animals, not just guinea pigs, but also cows, pigs and chickens so that her family can get ahead and become self-sufficient.

Member Rosalía C. is 36 years old, married and has a 16 year old daughter. Her husband works in an auto body shop, repairing and painting cars. Meanwhile, she works as a domestic helper and also sells Avon cosmetic products and other brands as well. Her clients are primarily neighbors, friends and acquaintances. She has been selling cosmetics for 8 years. When she was younger she previously worked as a temporary employee, a salaried employee, and also in restaurants. She also takes charge of the domestic duties for her own home. Rosalía works from 7:30am to 5pm. She is requesting a loan of $220 to buy Avon products because she sells on credit. Sometimes the company has promotions, so she can pay for the products now and recoup the costs afterwards when customers make their payments. She takes orders from her customers every two weeks, which totals between $100-$120, of which 25% is profit. (That figure is reduced between 5-10% after taking into account the costs of the products.) This is the first time she has taken out a loan. In the future she would like to open her own business, such as restaurant, because she enjoys cooking.

All members have promised to pay their loans on time and in a responsible manner.

In this group: Gloria Isabel, Priscila Elizabeth, Carmen Patricia, Delia Maria, Julio Cesar, Mercedes De Jesus, Maria Rosalia, Ademir Franklin, Rommel Gonzalo, Telmo Vicente, Julio Enrique, Luis Jeronimo, Maria Teresa, Jose Isaias, Maria Transito, Luis Medardo, Victor Alfonso

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Translated from Spanish by Kiva volunteer Ronan Reodica

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