A loan of $3,600 helped a member to purchase a cart.

El Sol Naciente (Cuenca) Group's story

El Sol Naciente (The Rising Sun) is a communal bank made up of 9 members who, with their work, help to improve the economic situation of their households and move their families ahead. They live in different places in the city of Cuenca. It has a cold climate, but the warmth of its people is very welcoming to all who visit. This city is a mix of the colonial and the modern. Its people still keep alive the flame of its culture and the traditions of its peoples. Its gastronomy is quite varied, which captivates its visitors' palates.

One of the members of this group is Maribel del Pilar. This is her first loan in the communal bank, to which she was invited by a niece. She lives in the Feria Libre sector of the city of Cuenca. She is 45 and is married, and in her conjugal union she has conceived 5 children aged 11, 17, 18, 21, and 23. Her oldest, a son, is married and lives independently; her second, a son, works and helps her economically; her third, a son, is disabled and lives at home; her fourth, a daughter, attends a secondary school in the city; and her youngest, a daughter, attends a little primary school in the city. Her husband works as a security guard. They do not have their own house, so they rent.

Maribel del Pilar is a native of Ríos province. She has been living in the city for a year. She was invited to live in this city by her niece because of the opportunities for work. At the moment she is putting together everything to start her business, since she is going to sell food.

She is going to use the loan to purchase a cart, which is the only thing she needs to start her business.

Her goal is to grow in this business that she is going to start.

In this group: Ladia Violeta, Laura Luz, María Esperanza, Sandra María, Mayra Alexandra, Martha Beatriz, Lucila Luciana*, Maribel Del Pilar, Elourdes Maribel
*not pictured

Translated from Spanish by Kiva volunteer Karen Monat

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Loan details