A loan of $3,650 helped a member to buy chickens and animal feed.

Nueva Ilusión (Cuenca) Group's story

The Communal Bank "Nueva Ilusión" (New Illusion) consists of nine members, most of whom live in the parish of Cumbe in Cuenca. This parish has different places where one can appreciate nature. The weather is cold and the central part of the parish is a mixture of the modern and the colonial. All of the members are friends and acquaintances. These women have warm, friendly, and kind hearts. They engage in agriculture, the raising of animals, and trade. In addition, they have maintained the culture and traditions of their people.

One of the members of this group is Sra. María Francisca. She is a native of the parish of Quingeo but now lives in the city. María Francisca is 49 years old and a single mother of five children (ages 22, 20, 18, 16, and 6). Her first three children work and help out financially. Her fourth child is in high school and the youngest child, a daughter, attends an elementary school in the city. María Francisca does not own a home, so she lives in a rental property.

Doña María Francisca is a farmer who grows vegetables to sell. When her land needs to be tilled, she requests the help of others. María Francisca also raises chickens and guinea pigs to sell. The money from her loan will be invested in the purchase of chickens and feed for her animals. Her goal is to buy a plot la land in the city of Cuenca.

In this group: Ana Victoria, María Lorena, María Rosa, Libia Mercedes, María Francisca, Marithza Beatriz, Dolores Beatriz, Carmen Natalia *, Olga Bersabe
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

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Loan details