A loan of $3,000 helped a member to buy fruit to sell.

El Aguacate (Cuenca) Group's story

The communal bank "El Aguacate" ["Avocado Tree"] is made up of 6 female and 2 male members, who are neighbors in the same area. They work in different activities, and this work gives them the opportunity to improve the economy of their households and get ahead with their families. They live in the Monay sector of the city of Cuenca, a city surrounded by a rugged landscape which gives it beautiful views and attractive places to visit. Its climate is cool, but the warm hearts of its people make it a hospitable city. Its population still maintains the culture and tradition of the original ethnic groups.

One of the members of this group is Ligia, who is taking out her first loan with the communal bank "El Aguacate." She was inspired to do so by her neighbor, who is part of this communal bank. She is 57 years old and married, and from this relationship she has 7 children. Six of them are married and live independently, and her son who is single suffers from a disability and is attending a small school for special children. Her husband provides security guard services. They do not have a house of their own, so they live in rented quarters.

Ligia works as a mobile fruit vendor, an activity she has carried out for 12 years. Every day she goes out to travel through the city with her fruit cart, from 9 in the morning to 5 in the evening. As a mobile vendor, she depends greatly on the weather in order to have good sales.

She will invest her loan in buying fruits in order to keep growing with her business.

Her goal is to have a shop so that she does not have to sell her products outside in bad weather.

In this group: Martha Braulia, Rosa Paulina, Maria Guadalupe, Mercedes María, Nelson Wilfrido, Wilson Ivan, Ligia Beatriz, María Elena*
*not pictured

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Translated from Spanish by Kiva volunteer Patricia Linderman

Loan details

Lenders and lending teams

Loan details