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A loan of $1,450 helped to buy chicks and cattle.

Laura Alejandrina's story

Laura is a member of the “La Esquina” (The Corner) communal bank. She lives in Sinincay Parish in Cuenca, a place with beautiful places to visit. Its residents farm, raise livestock and are merchants. Many are employed in various jobs in the city of Cuenca.

Laura is 34 years old, married and has four children who are 14, 13, 10 and 2 years old. Two of them attend secondary school and one goes to the local little elementary school. Her husband works as a bricklayer in construction. They own the house they live in.

Laura told us that her health is improving from surgery she had a month ago; the family is all in good health.

She spends most of her time at home where she raises animals like guinea pigs, chickens and cattle, an activity she’s been doing for 15 years and that has allowed her to cover her household needs and care for her family.

She used her previous loan to buy animal feed. She’s had no problems repaying the loan and has made her payments to date. She is asking for a new loan because she wants to buy chicks and cattle to continue with her business.

She likes the communal bank because of the companionship within the group and the because of the credit benefits for their businesses. Her goal is to buy pasture land to raise more cattle.

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Translated from Spanish by Kiva volunteer Polliz

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Loan details