A loan of $3,800 helped a member to buy clothes.

Ilusiones (Cuenca) Group's story

The communal bank “Ilusiones” (Hope) is made up of 10 members who live in a community in the Valle Parish, Cuenca. The place has a cool climate and is surrounded by lush vegetation and beautiful landscapes. The centre of the parish has a mixture of historical and modern architecture. The people of the parish earn their living through agriculture, farming animals, trade and many work in the city in different occupations.

The members of the communal bank are hard-working people who work each day to improve their financial situation and help their families get ahead. They are happy, charismatic women and they still maintain their village’s culture and traditions.

One of the members is Fanny. She is 23 years old, married and has 2 children, one child of three years and one child of one year and eight months. Her husband works as a bricklayer. They don’t have their own house and live in her mother’s house with whom they share the household expenses.

Fanny spends her time looking after the children who are still very young, but to contribute to the family’s income, three months ago she created a small shop in her house where she sells clothes. She works without any fixed opening hours Sunday to Sunday.

She has been a member of the communal bank for 2 years. She is asking for a loan to buy clothes so as to have a greater selection in her shop. Her goal is to expand her business into a boutique.

In this group: Trancito María, Miriam Soledad, Fanny Isabel, Aida Guillermina, Eva Cecilia, Mariuxi Rubi, Zoila Rosario, Ana Magaly, María Hermelinda*, Jeannette Del Rocio
*not pictured

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Translated from Spanish by Kiva volunteer KAROLINA KOSZELSKI

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