A loan of $2,975 helped a member purchase rice, sugar, salt, oil, tuna, pasta, cleaning products, and toiletries.

Nuevo Bankito La Ramada (Cuenca) Group's story

The Communal Bank “Nuevo Bankito La Ramada” is located in Nabon, which is 69 kilometers outside of the city of Cuenca. This area is connected to the Pan American Highway that runs from Cuenca to Loja and is situated 3000 meters above sea level. The local climate is predominantly cold. Nabon is bordered to the north by Sigsig and Girón, to the south by Oña and the province of Loja, to the east by the provinces of Morona Santiago and Zamora Chinchipe, and to the west by Santa Isabel. The tourist sites that one can visit are the ruins of Lumapara, the beaches of Nabon, and various indigenous communities such as Shiña. The people engage in agriculture, livestock breeding, and mining.

Sra. Gloria Carrión is a member of this Communal Bank. She lives in the community of Nabon with her husband and two children, ages 16 and 4 months. Her oldest child attends the local high school. Gloria and her husband own a home, but they do not live there. Instead, they stay at her parents’ house in the city of Loja, where is she is a native. Her husband sells caps while she manages a grocery store that is open every day from 7am to 8pm.

Gloria is receiving her first loan as a result of one of the other group members who invited her to join the Communal Bank. She will use the money to buy grocery items such as rice, sugar, salt, oil, tuna, pasta, cleaning products, and toiletries to restock her business. Her goal is to have a larger store.

María Ercila Y. lives in the community of La Ramada in the canton of Nabon. She will be receiving her first loan after being invited by the Communal Bank president. María Ercila has been involved in farming activities almost her entire life. Everything she produces is sold at the open market in Cuenca or within her community.

María Ercila is 40 years old, married, and has seven children (ages 23, 17, 15, 14, 13, 7, and 5). Her oldest daughter is married and lives independently. The next four children were all born with disabilities (they are deaf mutes), while the two youngest children attend the local school. María Ercila lives with her family in a small adobe house. Her husband works as a farm laborer. María Ercila will use her loan to buy seeds for planting corn, beans, peas, and other vegetables to continue her crops.

Her dream is to have a larger, nicer house.

In this group: Blanca Elvia, Sandra Mercedes*, Gloria Magdalena, Margarita Clemencia, Vilma Maribel, Aida Lucrecia, Carmen Piedad*, Maria Elvia, Celinda Marisol*, Blanca Graciela, Maria Gladys, Maria Rosalina, Rosa Alegria, Maria Ildefonsa, Maria Ercila
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica

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