A loan of $5,650 helped a member to purchase food items.

María Reina De La Paz (Cuenca) Group's story

The María Reina de la Paz communal bank group is made up of 11 female members and one male member. They all live in different parts of the city of Cuenca. The city, surrounded by mountains and four rivers, has been a UNESCO World Heritage site since December 1999. Its center has a mix of colonial and modern architecture. The people of Cuenca, like each of the members of this communal bank group, are kind, gentle, and warm-hearted. They work daily in different jobs that help them to pay their household expenses and get ahead.

One of the members of this group is Mónica. She is 37 years old and married. She and her husband have four children together; the children's ages are 19, 16, 13, and 9. Her oldest daughter works and helps her financially. Her next two oldest children are high school students, while her youngest studies in a small local school. Mónica's husband works for a company in the private sector. They do not have their own house, so they live in Mónica's in-laws' house but independently.

Mónica has been the owner of a shop for 8 years. She works from Sunday to Sunday without a fixed schedule. She also makes a living preparing food for buffets and arranging rooms for all kinds of social events.

Mónica's loan will help her purchase food items to expand her store. Her goal is to expand the store and offer a bigger variety of items to her customers.

In this group: María Jenny, Livia Asucena, Patricia Marlene, María Betriz, Blanca Carmita*, Diana Elizabeth, Mónica Edith, Rosaura , Zoila Esperanza, José Gabriel, Gladis Teresa, Martha Alexandra
*not pictured

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Translated from Spanish by Kiva volunteer Ellen Craven

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Loan details