A loan of $2,550 helped a member operating capital for their respective businesses.

Maluay De Curiquingue (Cuenca) Group's story

Sra. María O. is a member of the Maluay Communal Bank, which was formed by a group of enterprising women who try every day to improve themselves and their families. The bank is located in the community of Maluay, which is about 30 minutes away from the city of Cuenca. The majority of the residents grow corn, beans, and potatoes.

María is married and has two children, ages 10 and 7, who attend elementary school in her community. Her husband prepares stucco used on the ceilings of houses. With great effort, María and her husband built their own home.

In addition to her household chores, María raises chickens and pigs. Her family taught her this skill when she was a young girl. The animals are sold to traders who pass through her community. The sale of these animals provides financial support and helps her husband focus on their home.

This is her first loan from the Foundation. She learned about the benefits offered by the Institution from her niece. With this loan, she will purchase chickens, corn, and vitamins for the growth and success of her chicken farm. Her greatest dream is to provide her children with the best education and see them become outstanding professionals.

María C. is another member of the Maluay Communal Bank. She has established good friendships with all of the other members. She is 56 years old, married, and the mother of six children, five of whom are grown and have their own families. María lives in the community of Conchan de Milagros with her husband and 15 year old daughter. Her husband is a construction worker. Thanks to their efforts, María and her husband were able to build their own house.

This is her first loan and she plans to buy rice, sugar, coffee, oil, soap, caramels, bread, colas, and other products in order to restock her small store, which is open every day from 6am to 9pm. In addition, she raises chickens to sell whenever she faces financial difficulty. Her dream is for her daughter to continue her studies until she is able to earn a professional degree.

In this group: Maria Sandra, Rosa Ubaldina, Narcisa Jesus, Maria Eulalia, Janneth Maria, Maria Consolacion, Irene Miriam, Teresa De Jesus, Carmen Isabel, Patricia Piedad, Fanny Esperanza*, Maria Teresa, Maria Elvira, Rosa Aurora
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica

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