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A loan of $2,000 helped a member buy construction materials.


9 De Octubre (Cuenca) Group's story

The communal bank "9 de Octubre" [October 9th] is made of 5 women and one man who work in different activities. They allow each other to contribute to and improve their home finances. They live by the Nulti church, located to the northeast of the city of Cuenca. This church has conserved its rural identity both in architecture and in the traditions and festivities. Sites where you can observe archeological remains exist.

One of the members of this group is Dolores. She is 53 years old. She is divorced, and has 4 children from her married time. Two are married and live independently. Her third daughter is 21 years old, single, works, and helps out with the finances. Her last child is 10 years old, and he studies in a city school. The house that she lives in is her own property.

Dolores is a newspaper salesperson. She has done this activity for 10 years. She works every day of the week from 6 in the morning to 11 in the morning. At home, she raises and sells chickens, guinea pigs, and pigs.

This is her first loan that she is getting through the communal bank. She is going to invest it in the purchase of construction materials to complete her house.

Her goal is to finish her house and grow in her business.

In this group: Dolores, Isabel Fernanda, Rosa Ana, María Mercedes, Nancy Fabiola, Juan Luis

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Translated from Spanish by Kiva volunteer Danielle Dupre


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