A loan of $2,550 helped a member buy pigs, chickens, and animal feed.

San Miguel (Cuenca) Group's story

The San Miguel communal bank is composed of 7 members, all hard-working, combative and enterprising women who work in different activities that permit them to improve the economic stability of their homes. They live on the outskirts of Del Valle in Cuenca, a location where nature is exuberant. A local tourist attraction is Lake Cochapamba (filled with tall reeds). The people are dedicated to commerce, animal raising, agriculture, while many work in the city in different activities.

One of the group members is Mariana. She cares for her family and, since she stays at home, also raises and sells pigs and chickens. She sells them when the economic need arises. This work allows her to aid the household economy and advance her family. Mariana has done this since she has been married.

The funds from this loan will be used to buy pigs, chickens, and animal feed. Mariana is very proud of the fact that she had no trouble in paying off her previous loan. She paid the debt completely without difficulty.

Mariana likes her communal bank for the educational talks it offers and for the companionship that exists among the group.

This time we are providing a photograph of Eulogio who is coordinator of the “Fundacion Espoir.”

In this group: Clara Elvira, Rosa, María Esther, Digna Esperanza, Mariana De Jesús, Enma Soledad, Mercy Viviana
*not pictured

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Translated from Spanish by Kiva volunteer Harold Dana Sims, PhD

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Loan details