A loan of $2,550 helped a member to buy chickens, chicken feed, pigs, guinea pigs, school supplies.

La Gloria (Cuenca) Group's story

The La Gloria communal bank is located in the La Gloria community which is part of the Valle parish. It is located southwest of the city of Cuenca and is renowned for its corn, cowpea, potato, etc. production. Its attraction is the Cochapamba lagoons, the Tasqui hill, which affords a beautiful view of the parish and the city of Cuenca. Its people are very simple, warm and kind like our members. Mrs. María C., 55, is one of the members of the bank. She is married and the mother of 4 children who are 32, 30, 17 and 16 years of age. Her first two are married and live independently and the last two are students at the Guillermo Mensi school in Valle. Her husband is a carpenter and they live in their own home. María has raised chickens for the past 3 years and she comments that she does well selling her chickens in the community and to neighbors who come to her house to buy them. She gets along well with all the other members of the bank. This is her first loan with the foundation which she was encouraged to request by a girlfriend. As she says: due to lack of funds one always must look for resources to be able to continue working. With the loan from ESPOIR she will buy young chicks and chicken feed. Her goal is to see her children succeed at their work and become professionals. Mrs. Carmen P., 48, is also a member of the bank. She is a single mother of three children who are 26, 22 and 10 years old. Her eldest daughter is married and lives independently elsewhere; her second oldest works and helps her mother with utility payments and her youngest son is a student at the Tomas Rendón school. Thanks to the strength of her efforts she has managed to build her own house. Carmen sells prepared meals. She slaughters a pig and prepares delicious pork stew and fried pork dishes. She also roasts chickens and guinea pigs. She has had this work for the past 15 years and does well producing earnings to sustain her household. She gets along well with all the other members of the bank. This is her first loan and she was encouraged to solicit it by a member of the community. She will use some of the financing from ESPOIR to invest in her business, some to buy school supplies for her son and the rest to buy food for her home. Her goal is to improve her house because it is currently made of adobe (wood and straw bricks).

In this group: Carmen Esperanza, Maria Rosario, Maria Transito, Maria Esther, Ana Judith, Mercedes Maria, Carmen Auxilio, Angelica Maria

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Translated from Spanish by Kiva volunteer Polliz

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