A loan of $2,600 helped a member to purchase food for animals and chickens.

Nueva Ilusión (Cuenca) Group's story

The Nueva Illusion ["New Hope"] community bank is a group of 10 women who fight day to day to improve their household incomes and offer their children a better future. They live in the Cumbe parish, a parish with a cold climate whose main economic activities are agriculture and ranching. The majority of the population leaves for the city in search of better work to improve their household income.

Carmen lives in the Tres de Noviembre neighbourhood in the Cumbe parish. This is her first loan with the Fundacion. She was invited by a friend in the neighbourhood who belongs to the community bank. She is 35, married and has 2 children ages 13 and 11. Her oldest child studies in a school in the city, and her second child goes to a school in the parish. Her husband migrated, looking for a better future for his children, and he helps the family with his work. She has a small home of her own, but she lives in her mother's home where they share costs. Carmen raises animals; guinea pigs and hens that she sells in her parish. She has cattle, and she provides the milk to milk trucks. She has been doing this work for 15 years. She also does the household chores and cares for her children. Her loan is to be invested in the purchase of food for her animals. Her goal is to grow her business.

Maria Filomena lives in the Floresta neighbourhood in the Cume parish. She is 59, married and has 4 children ages 39, 37, 25 and 20. All of her children are married and three of them live independently. Only her youngest daughter lives with her, and they share the household costs. Her husband works as a bricklayer's assistant, and thanks to his work they have been able to build their own home. All of her life, Maria has raised animals such as livestock, barnyard fowl and guinea pigs, which she sells when she has financial needs. She also works in agriculture. She grows corn and vegetables, the majority of which are for her household consumption. This is her first loan in the community bank, and she was invited by her friends in the neighbourhood who are part of this hard-working women's group. She will invest this, her first loan, in the purchase of chickens to continue with this business, which is her goal.

In this group: Ana Victoria, María Lorena, Libia Mercedes, Mónica Priscila, Blanca Rocío, Jessica Liliana*, Carmen Natalia, Olga Bersabé, María Filomena, Carmen Mercedes
*not pictured

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Translated from Spanish by Kiva volunteer Christine Cooper

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