A loan of $3,425 helped a member buy guinea pigs and avocadoes.

Bonanza (Cuenca) Group's story

The Bonanza Communal Bank is comprised of nine women who live in different places in the city of Cuenca. This city has a cold climate. Its attractions are the four rivers that surround it, its historic center, its churches, its cuisine, and the warmth and friendliness of its people like our members. The women are strong-willed, and with their work they try to get ahead to give their families a better future.

María Elvira V. lives in the Hiptocruz community which belongs to the Turi parrish. She is in her second loan cycle with the foundation. She was invited by her sister-in-law. She has been selling “quesillo” (soft cheese) and basic grains for 25 years. She makes her sales by roaming the city. She has also had a livestock business for 26 years. She works on Thursdays from 6 a.m. until 3 p.m.

María Elvira is 48, married, and has seven children. Two of her children are married and live independently. Four of her children work and help her economically. Her last child goes to school at SECAP (Ecuadorian Service for Professional Training). Her husband makes deliveries in his truck. With both of them working they have managed to have their own house. The loan will be used to buy guinea pigs to increase her business. Her goal is to establish a business of roasting meat in her community.

Bertha Soledad G. lives in the Hiptocruz community, which belongs to the Turi parrish. She is 23 years old, and she is in a common-law-marriage. She has two children; one is three years old, and one is six months old. Her husband is a baker. They do not have their own house, so they live in an independent way in her mother’s house.

Bertha has been a businesswoman for three years. She has her own stand in the Feria Libre market. She sells fruit, vegetables, and cheese there.

This is her first loan. She was invited by her aunt, who is a member of the communal bank. She will use the loan to buy avocadoes to sell at her stand. Her goal is to set up a bakery so that her husband can work.

In this group: Martha Beatriz, Bertha Soledad, Maria Isabel, Laura Luz, Maria Esperanza, Maria Cruz, Zhina Lorena, Diana Magali, Maria Elvira

Translated from Spanish by Kiva volunteer Ginny Kalish

Loan details

Lenders and lending teams

Loan details