A loan of $2,750 helped a member buy products to resell.


Cumbe Centro ( Cuenca ) Group's story

The members of the Cumbe Centro community bank live in the parish of Cumbe and work hard to improve the economic situation of their families. The Cumbe parish is a rural area where people work at farming and raising livestock. Many young people from the parish have emigrated to other parts of the world so that they can better help their families.

Sra. Rosa Yangari is getting her first loan from the foundation after being introduced to the group by a friend. She has operated a business selling toys and other miscellaneous products for 3 years, working as a street vendor from 8:00am to 6:00pm Wednesdays to Sundays. Rosa is 19 years old. She lives with her partner who sells traditional medicines. They live with Rosa's in-laws because they don't have a house of their own. Rosa will use her loan to buy more toys so that she can grow her business. Her goal is own her own house.

Sra. Marian M. lives in the city of Cuenca. This is her first Espoir loan. Marian, 27, is married and the fruit of the marriage is her two children, 12 and 6 years old, both in local schools. Her husband makes a living selling natural medicines. They live in a rented property because they don't have a house of their own. She has operated a business selling costume jewelry for 13 years, a business that her parents encouraged her to start. She works as a street vendor selling her goods in different parts of the city. She has worked as a stylist for a year since studying to learn it and she works in a shop from 8:00am to 6:00 Mondays to Fridays. She will use the loan to buy products for her jewelry business--chains and craft products. Her goal is to set up a shop of her own so that she doesn't have to work as a street vendor.

In this group: Miriam Leonor, Cesar Gerardo, Miriam Janneth, Marjorie Rosario, Jose Wilson , Maria Esthela, Rosa Beatriz, Maria Targelia, Edison Xavier*
*not pictured

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Translated from Spanish by Kiva volunteer Jere Wiseman


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