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La Merced (Cuenca) Group
In this Group: Eulalia Eloisa, Lourdes Isabel , Fanny Carmen, Blanca Filomena, Laura María, Blanca Josefina, María Teresa, Laura Isabel, Rosario Maribel , Rosa Angelita
The community bank La Merced is comprised of 10 women who work in different activities such as trade, animal husbandry and agriculture, etc. that enable them to contribute to the support of their homes and development of their families. They live in the parish of Santa Ana where the people are very kind, gentle and hardworking. This parish is in a cold climate and it is where you can admire some of the city of Cuenca and surrounding nature in all its splendor.

Mrs. Rosa Z. lives in the community of Ingapirca that belongs to the parish of Santa Ana. She is 33 years old, married and has 4 children, who are 16, 14, 12 and 10 years old. Her first two children study at school and her two youngest children in the community schoolhouse. Her husband is not in the country, having migrated in search of better work and future for the family. Working together they have built their own home.

For the last two years, Rosa has worked in a hardware store that she owns. She works Monday through Friday from 7 am to 6 pm. She is also involved in raising pigs, guinea pigs, chickens and cattle.

This is her fourth loan with the community bank and she will invest in buying merchandise for her hardware store such as locks, nails, tools, electrical equipment, paints, pipes, etc.

Her goal is to build a local center to put her hardware store.
View original language description ↓
El banco comunal La Merced está formado por 10 mujeres quienes trabajan en diferentes actividades como: comercio, cría de animales, agricultura, etc. las mismas que les permiten aportar a la economía de sus hogares y sacar adelante a sus familias. Viven por la parroquia de Santa Ana donde su gante es muy amable, gentil y trabajadora. Esta parroquia es de clima frió y desde donde se puede admirar una parte de la ciudad de Cuenca y también la naturaleza en todo su esplendor.

La Señora. Rosa Z. vive en la comunidad de Ingapirca que pertenece a la parroquia de Santa Ana.

Tiene 33 años, es casada y ha concebido 4 hijos de 16, 14, 12 y 10 años de edad, sus dos primeros hijos estudian en el colegio y sus dos últimos hijos en una escalita de la comunidad. Su esposo no se encuentra en el país ya que ha migrado en busca de un mejor trabajo y futuro para su familia. Con el trabajo conyugal han logrado construir su casa propia.

Doña Rosa trabaja en una ferretería que es de su propiedad, actividad que la realiza hace 2 años, trabaja de lunes a viernes de 7 de la mañana hasta las 6 de la tarde. También se dedica a la cría de chanchos, cuyes, pollos y ganado.

Se encuentra en su cuarto crédito que realiza del banco comunal y lo va a invertir en la compra de mercadería para en su ferretería como: cerraduras, clavos, herramientas, material eléctrico, pinturas, mangueras, etc.

Su meta es construir un local comercial para poner su ferretería.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Ecuador

  • $10,600
    Average annual income
  • 31
    View loans »
    Ecuador Loans Fundraising
  • $26,524,625
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of La Merced (Cuenca) Group's $3,700 loan helped a member buy merchandise like nails, locks, tools, paints, electrical equipment, pipes, etc.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Apr 4, 2011
Apr 22, 2011
Currency Exchange Loss:
Nov 15, 2011