A loan of $2,275 helped a member to buy rice, sugar, oil, lunches, etc.

Las Progresistas (Cuenca) Group's story

The Las Progresistas communal bank is made up of a group of enterprising women who are all friends. They united to help each other get ahead in life and to offer their families everything they haven't been able to have in life. They live in greater Cuenca, which is Ecuador's third most important city. It has four rivers that bathe the city, its historic city center takes us to remember and relive its history; it is the city where everyone would like to live.
María Guiñansaca, 53, is a member of the Las Progresistas communal bank. She lives in greater Cuenca in a beautiful area known as 1 de Mayo Avenue. She is a single mother and has had 6 children, all of whom are now adults. Her oldest four sons are all married and two are single. These two do help her economically to meet household expenses. They don't own their house; they rent. Maria works preparing and delivering lunches. She works Monday through Saturday, starting her meal preparation at 7am and going until 1pm when she finishes delivering her dishes. She tells us that she is doing well and, when she has any time left over, she does some advance preparation of the next day's meals. She gets along well with all the members of the group creating a good work environment and comradery. This is her second loan cycle with the foundation and she tells us that the loans received have been invested in her business. The new funds that FUNDACION ESPOIR will provide will be used to buy pots, gas tanks, etc. Her greatest wish is to have her dining room. Martha Viñansaca, is another group member. Like her fellow member, she also prepares lunches. She has been in this line of work for 5 years. She works from 8am to noon. She tells us that she does well because she has a regular customer base. Her business is located in her home. This is her first loan with the foundation and it was her mother who encouraged her to join. With the funding from
fundación Espoir she will enlarge her business; her great dream is to make her business larger.

In this group: Martha Veronica, Erika Marlene, Diego Xavier, Urgiles Digna, Ana Lucia, Ines Fabiola, Maria Juana, Maria Angelita

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Translated from Spanish by Kiva volunteer Polliz

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