A loan of $3,975 helped a member to purchase guinea pigs and cattle.

La Ponderosa (Cuenca) Group's story

The communal bank La Ponderosa is made up of 10 very hard-working and cheerful members, 8 women and 2 men. They strive daily in work and business to improve their household economic situations. They live in the area surrounding the Valle parish, a parish characterized by its natural beauty. The people here work in commerce, agriculture and animal husbandry.

Señora Lía Z. is a member of the communal bank La Ponderosa and lives in the Castilla Cruz Alta community. This is her first loan with the foundation. She is 41 years old and is a single mother to 4 children ages 20, 18, 13 and 12. Her oldest three children work and help her with the household expenses and also, study at night. Her youngest attends the neighborhood school. She doesn't own her own home but lives in a house that belongs to a family member. Doña Lía has worked as a domestic employee for 5 years. She works Monday through Friday from 8:00 am until noon. At home she grows vegetables for her family's consumption and also to sell in her community. With the money from the loan, she plans to start a new business and invest in guinea pigs. Her goal is to buy a piece of land to build her own house.

Señora María J. lives by the Valle parish. She is 41 years old, a widow and has two children ages 20 and 17. Her children are married and live independently. She doesn't own her own house, but is the caretaker for the house that she lives in. Doña María also works in agriculture and grows mostly for her own consumption, but also raises animals such as guinea pigs, chickens and cattle. She shares what she earns with the woman who owns the house she lives in. This is her first loan with the communal bank which she plans to use to purchase cattle. Her goal is to buy a piece of land.

In this group: Patricia Judith, María Mercedes, Miriam Patricia, Gloria Alexandra, Milton Rafael, María Carmita, Jorge Raul, María Margarita, María Rosalía, Lia De Jesús

Translated from Spanish

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