A loan of $3,900 helped a member to pay the payment for a sewing machine.

1 De Mayo (Cuenca) Group's story

1 de Mayo, or First of May, is a communal bank that is made up of 8 women that live near the parish Cumbe in Cuenca, a place that is characterized by its landscape due to it's accidental geography. It has a cold climate and its center mixed between modern and ancient architecture. Its people maintain their culture and traditions still being its greatest pride. Its people are in livestock, agriculture, business and many go out into the city daily to exercise different economic activities or have migrated in search of better economic stability for their families. Our members are women that see in their daily work the opportunity in succeed for their families. They are charismatic and of warm hearts.

One of the members of this group is Norma. She invested in the communal bank 1 de Mayo, accepting the invitation from her sister-in-law who had been part of the group for some time. She is very young, only 23 years old. She is married and has a 3 year-old daughter. Her husband works daily as a private employee. She does not have her own house and lives with her in-laws with whom she shares the household expenses.

She is a professional seamstress. She learned this trade studying in an academy and now it is her way of life. She works from Monday to Friday from 8 in the morning to 5 in the afternoon doing all kinds of stitching. Also, in her home she raises guinea pigs.

Her loan will go towards investing in a down payment to buy herself a sewing machine.

Her goal is to have a larger seamstress shop.

In this group: Karina Alexandra, Reynelia Leonor, Luisa Elizabeth, María Robertina, María Teresa, María Josefina*, Juliana , Norma Isabel
*not pictured

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Translated from Spanish by Kiva volunteer Erin Yamaoka

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