A loan of $1,550 helped a member to buy fabric and thread.

Bonanza (Cuenca) Group's story

The “Bonanza” communal bank is composed of 7 hardworking members who by means of their hard work manage to have economic solvency to support their homes’ economy. Our members do not pass unnoticed because their charisma as well as their sense of humor is very great which leads to their group moving forward.

They live in various parts of the city of Cuenca, a city with a cold climate that’s bathed by four rivers which give it the name of “Santa Rosa de los 4 Ríos.” Since December, 1999, it’s been a World Cultural Heritage Site so designated because of the beauty of its historic city center. It also has beautiful places to visit and its cuisine is very diverse.

One of the members of this group is Cinthya, 26. She’s married and has two children who are 8 and 2 years old. Her older son attends the little local elementary school. Her husband works in an auto body shop. She does not have a house of her own so lives in her parents’ house but independently.

By profession Cinthya’s a seamstress and has a sewing shop with her mother since they are equal partners in the business. They work from Monday through Saturday with no fixed schedule; they’ve been in business 8 years.

This is the first loan she’s taken in the communal bank and will use it to buy fabric and thread. Her greatest dream is to expand the business into a factory.

In this group: Carmen Brecilda, Mariana De Jesús, Mayra Cristina, Geovanna Gabriela, Flor Beatriz, Cinthia Fernanda, Cinthia Carolina

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Translated from Spanish by Kiva volunteer Polliz

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