A loan of $1,875 helped a member to buy a stall in the market and acquire products needed to grow their businesses.

Quingeo (Cuenca) Group's story

Quingeo Communal Bank is comprised of 6 members as well as member who is using the loan for for personal growth and family health. Quingeo is a parish located an hour and a half outside the Cuenca city, a location with beautiful landscape, lush vegetation, and enviable flora and fauna. Quingeo's most well-known festivals include Carnaval, because of its various events including the Capulí Queen's event and many more. It is one of the most beautiful areas outside of Cuenca city.

All of the members of Quingeo Communal Bank migrated to their current location from the city, in search of better days for their families.

Manuela Q. V. is a Quingeo parish native, and she is a member of the Communal Bank of the same name. She migrated to the area from Cuenca city two years ago to find a better future for her family. She lives in the open market sector. Manuela is 49 years old, she is married, and has 8 children. She does not remember the ages of her two oldest children, but they are both married and live with their respective families. She also has two young children, 9 and 6 years old, who live with her at home in Quingeo and their older sister takes care of them. The children also live in a rented home with Manuela's husband in the city, because he works in a small kiosk that he owns and with which he helps pay for the expenses they have at home.

Manuela has been selling vegetables in the open market for two years now and it has gone very well, especially on Wednesdays, Saturdays, and Sundays when she gets her vegetable deliveries and resells them all around the market. She is happy because Cuenca municipality has helped her obtain a post inside the market so she can work from one place and she no longer has to walk around anymore.

This is her first loan and one of her friends introduced her to the group because she too had improved her economic situation through a loan. This loan that FUNDACION ESPOIR is giving Manuela will be invested in the purchase of her market stall and everything else her new stall needs, as well as toward the purchasing of more vegetables for her business.

Her goal is to eventually cultivate all of land, because at the moment it has been neglected while she builds up her vegetable stall in the market.

Rosario Del Cisne B. is another member of Quingeo Communal Bank, and she migrated from her native Quingeo parish to settle in Cuenca city 18 years ago. Rosario is 31 years old and recently married, but she has been living with her partner for over 12 years now and they have three children who are 9, 7, and 2 years old. They do not have their own home yet so they rent, and her husband is a bricklayer. They each help their family, and when her husband cannot find work, he helps her with her business.

Rosario sells vegetables, grains, onions, and more in the open market. She has been selling goods since she was young, and she thanks God that her business has done well. She sells the most on Saturdays and Sundays, but regardless, every day she sells from 6am to 6pm, and days when she does traveling sales to markets farther away, she leaves at 4am so that she can claim a stall in those markets.

This is Rosario's first loan, and a friend invited her to be part of the group. With the money FUNDACION ESPOIR is giving her, she will invest in the purchase of her own permanent stall in the market as well as buying more grain and growing her business.

Her dream is to save enough money to buy her own car or plot of land.

Carmen Rosa D. M. is also a member of Quingeo Communal Bank, and she lives on an old street called Baños in the urban area of Cuenca. Carmen is 22 years old, she lives with her partner, and they have one daughter who is 3 years old. She is currently 8 months pregnant with their second child, but they do not yet know the sex yet. She does not have her own home, so she rents. She has a great relationship with her spouse, who works with scrap metal and helps her pay for all of their household expenses.

Carmen works as a server in a restaurant inside the open market; she has been doing this for four years, and it has gone very well for her because she has great bosses who have special affection for her.

This is her first loan with FUNDACION ESPOIR; a friend recently invited her to become part of the group and enjoy the benefits that the institution gives their members.

The loan that FUNDACION ESPOIR is giving Carmen is going to be used to cover her birth-related expenses, and her dream is to eventually own her own restaurant.

In this group: Carmen Rosa, Jose Feliciano, Rosa Alicia, Santa Marianita De Jesus, Manuela, Ana De Jesus, Rosario Del Cisne
*not pictured

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Translated from Spanish by Kiva volunteer Suzy Marinkovich

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