A loan of $2,975 helped a member to purchase basic necessities for her store.

Nuevos Emprendedores (Cuenca) Group's story

The Communal Bank “Nuevos Emprendedores” (New Entrepreneurs) consists of four women and four men who work in different business activities so that they can cover their household expenses. These people are friendly, determined, and charismatic. They live in the city of Cuenca, the third largest city in Ecuador, which was named a World Heritage Site in 1999.

One of the members of the group is Sra. Ana, who lives in the city of Cuenca. She is 42 years old, married, and eight months pregnant. Her husband is an expert at auto body repair and has his own workshop. They do not own a home, so they live at her mother’s house and share in the household expenses.

Doña Ana has been managing a store for 10 years. She works Sunday through Sunday without a set schedule. In addition, she has a small sewing workshop in her home. She learned this trade 20 years ago.

This is her first loan with the Communal Bank. She will invest in the purchase of basic necessities for her store. Her goal is to grow her sewing business.

In this group: Ana Lucia, Zoila Rosa, Miguel Angel, Gerardo María, Diana Patricia, Diego Fernando, Ximena Beatriz, Adrian Marcelo

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Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

Lenders and lending teams

Loan details