A loan of $3,975 helped a member to buy products that are basic necessities..


1 De Mayo (Cuenca) Group's story

The communal bank "1 de Mayo" is made up of 6 female members and one male member who live in Cumbe parish, which is found in the southern part of the city of Cuenca. In the surrounding area, large pastures belonging to livestock ranches are found; some are old haciendas and others are modern constructions. The people belonging to the communal bank work raising animals, in agriculture, and in business. The female members are women who work in different economic activities, the very ones that allow them to improve their household finances. These women uphold the culture and traditions of their towns.

One of the female members of this group is Karina, who is 23 years old. She is married and has a 4-year-old daughter with her husband. Her husband works in construction as a mason. They don't have their own house so they live with her mother, but in an independent manner.

Karina has been working in business for 5 years. She sells all kinds of clothing on market days. She has also had a food store for 2 years, where she works from Sunday to Sunday from 6 in the morning to 10 at night.

The communal bank finds itself in its second loan cycle, and she will invest the new loan in buying products which are basic necessities to supply her store. Her goal is to have her own house. The small photograph is of a member who was unable to be present when the group photo was taken.

In this group: Karina Alexandra, María Elizabeth, Luisa Elizabeth, María Rebertina, María Teresa, Juliana, Walter Mauricio*
*not pictured

Translated from Spanish by Kiva volunteer Tamara Hellgren


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