A loan of $4,750 helped a member purchase animal feed.

14 De Agosto (Cuenca) Group's story

The August 14th Communal Bank is formed by a group of ladies who always look for opportunities to improve in life and desire for their families to have more than what little they already have. They live in the community of Zhidmad, which is 50 minutes away from the city of Cuenca. Zhidmad is known for its beautiful scenery and the natural state of its vegetation. Most of its residents and involved in agriculture and raising livestock. The majority of the young people have migrated to the city in search of job opportunities.

Sra. Zoila J. is a member of the August 14th Communal Bank. She lives in the district of Guayan which is where the community of Zhidmad is located. Zoila is married. Her husband works as a mason, which allows him to support the family financially so that they can move forward. She and her husband own their home, which resulted after many years of effort and sacrifice.

Zoila raises chicken and cows and is also involved in farming. Her mother taught her how to perform these tasks when she was a young girl. She gets along well with her friends and Communal Bank associates because they have known each other since childhood. This is her eighth loan cycle and each one has helped her improve a little bit at a time. Sra. Maria B. was the person who convinced her to join the Communal Bank. Zoila tells us that her business has greatly benefited from the loans. She will use her current loan from Fundación ESPOIR to buy compost for her pasture. Her greatest dream is to finish construction of her house.

Sra. Nancy B. lives in the community of Cashapata in Zhidad Parrish. She is 27 years old and married. Her husband chops wood for a living since he does not work due to an accident he suffered in which he nearly fractured his spine. His arm required surgery and metal plates. Nancy spends her time performing household chores, but she also raises pigs, cows, and chickens. Most of these animals are for personal consumption since there is little grass as a result of the drought in the region. She is participating in her eighth loan cycle with the Foundation. Nancy feels at peace because the loans have helped her household. Her mother was the person responsible for convincing her to join the Communal Bank. With her loan from Fundación ESPOIR, she will purchase food for her animals, such as grasses, and feed for her pigs. Her greatest dream is for her children to have an education so that they can pursue successful careers.

In this group: Maria Martha, Norma Lucia, Hilda Marcelina, Bertha Beatriz, Maria Purificacion, Nancy Isabel, Luz Margarita, Maria Gertrudis, Rosa Carmelina, Zoila Margarita, Gladys Beatriz, Mercy Diana
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica

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