A loan of $2,750 helped a member to purchase Forever products, to pay school registration fees and buy food items.


Hermano Miguel (Cuenca) Group's story

The communal bank Hermano Miguel is made up of 8 women that are like a close knit family, all looking to improve their financial situations and to provide for their families. They live in the city of Cuenca. This is the third most important city in the country. It has a great variety of gastronomy and a natural beauty.

Señora Norma Beatriz lives on the outskirts of Cuenca. She is 29 years old and married. She has 3 children, ages 11, 9 and 5. All of her children attend school. Her husband is an upholsterer and has his own workshop. They don't own their own house but live in a rented house. Señora Norma has been a teacher for 4 years and works half days in a school. She also sells Forever natural products. She has had 17 loans with the communal bank and she tells us that the loans have benefited her greatly since they have easy repayment plans. She will invest this loan in more Forever products. Her dream is to have her own house.

Señorita Marcia Teresa Carvinagua lives near the Orquídeas neighborhood on the outskirts of Cuenca. Señorita Marcia is 20 years old and single. She lives in her sister's house and is economically dependent on her parents. She is studying educational psychology at the university. She is starting her first year. She also helps her mother in a bar they own. This is her first loan with the foundation. She was encouraged by her mother to join this group of hard-working women. She will use the loan from Fundación Espoir to pay her enrollment fees and to buy products for the bar. Her dream is to finish school.

NOTE: The woman standing with the child in red in the back line of the photo is not a member of the bank. She is a parent of one of the members.

In this group: Mariana De Jesús , Monica Isabel, Norma Beatriz, María Teresita, Gladis, Macia Teresa, Nancy Patricia, Narcisa De Jesús

Translated from Spanish by Kiva volunteer


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