Funded

Total loan: $4,350
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Yanaturo Alto (Cuenca) Group

Ecuador
Cuenca, Ecuador / Sewing

A loan of $4,350 helped a member buy fabric, needles, zippers, etc. tiles and closets.


Yanaturo Alto (Cuenca) Group's story

The Yanaturo Alto Communal Bank is located to the west of the city of Cuenca, which is 15 minutes outside the city of Cuenca. Its inhabitants mostly work in agriculture and raising animals. There are some factories that make candles and hats, etc. Our members work at different activities that have allowed them to get ahead and look for better days for their families.

Esperanza S. lives in the Yanaturo Bajo community with her husband and their four children. Her husband works as an industrial mechanic in his own shop. They do not have their own house; they live in her sister’s house. Esperanza is 32, and for two years she has been making women’s sportswear. Previously, she worked in a jeans factory. Then she left there and studied in a seamstress academy to establish her own workshop. She works on her own schedule. When she does not have time during the day she works at night.

She is in her second cycle. She was motivated by her friend, María José, a member of the communal bank. She has invested the loans she has received in her business. With the new loan that she will receive from the institution she will get various colors of fabric, needles, zippers, and more finishings for her creations. This way she will have a better inventory for her customers.

Her dream is to buy a car and a house.

María Jiménez is another new member in this bank. This is her first loan, and she hopes to improve the economic condition of her household. She was invited by her friend, Angelita I., who has been a member of the communal bank for a long time.

She is 35, and she lives with her four lovely children. They are 17, 15, 12, and 10. He husband traveled to the United States nine years ago to give his family a better future. He contributes economically to the household, and they were able to build their own house.

With this loan from the foundation she will invest in finishing her house. It still needs closets and tiles on the floors, etc. Her biggest dream is for her husband to return.

In this group: Blanca Celestina, Zoila Targelia, Maria José, Zoila Targelia*, Rosa Elvira, Cecilia Del Rocío, Jessica Janina, Sylvia Dayana, Maria Soledad, Maria Angeles*, Maria Mercedes, Esperanza Del Pilar
*not pictured

Translated from Spanish by Kiva volunteer Ginny Kalish


Loan details

Loan length:

8 months
Disbursed date: December 29, 2009
Facilitated by Field Partner: Fundación ESPOIR

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: December 29, 2009
Facilitated by Field Partner: Fundación ESPOIR