A loan of $3,350 helped a member to buy chickens.

Las Minas (Cuenca) Group's story

The communal bank Las Minas was founded two and a half years ago and in this time the group has obtained five loans.

The group comprises of 10 women who live around La Parroquia del Valle situated in Cuenca. It is an area with cold climate and a hilly landscape with many tourist attractions to visit. Its people like our loan applicants mostly make a living in agriculture, animal breeding and trade. Many have also migrated to other countries or leave daily for the city of Cuenca to carry out different work there. The people are kind and gentle and fight every day to improve their quality of life.

One of the loan applicants of this group is Verónica, who is 19 years old and is in a civil union. As a result of this union she has received a child which is just six month old. Her partner works as a mason in the construction industry. They don’t have their own house and so they live with her mother-in-law and share the household expenses.

Currently, Verónica spends most of her time with her child and her family but she also breeds and sells hens and pigs, and plants vegetables to sell them in her community.

This is the first loan she is taking out with the communal bank. She will invest the loan in the purchase of chickens to start breeding these small animals because it is a good business.

Her goal is to build her own house.

In this group: María Cristina, María Magdalena, María Esther, María Asunción, María Felicia, María Andrea, Digna Isabel, Gladys Margarita*, Verónica Alexandra, María Florencia
*not pictured

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Translated from Spanish by Kiva volunteer Mareike Koolen

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