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Nuevo Florecer  (Cuenca) Group
In this Group: Erika Marlene, Dalia Rocio, Martha Verónica, Deifilia De Jesús, Martha Isabel, Diego Xavier
The "Nuevo Florecer" (New Blooming) communal bank is composed of 5 female lenders and 1 male lender, who live in different parts of the city of Cuenca. This city is flanked by 4 rivers which give it its full name, Santa Ana de los 4 Ríos de Cuenca (Saint Anne of the 4 Rivers of Cuenca). Its downtown is a mix of colonial and modern architecture. Its people are kind, they keep their culture and traditions, dress in a colorful way which gives life and color to its streets, and they are hard working people fighting every day to improve their economy and to take care of their families.

One of the lenders in this group is Dalia. She is asking for her first loan with the "Nuevo Florecer" communal bank, into which she was invited by a friend and neighbor. She lives in the Florida sector of the city of Cuenca, is 32 years old, and is a single mother of 4 children aged 14, 11, 9 and 7. Her eldest daughter is studying at school, her other children attend a local school. She doesn't own a house so she rents.

She is a determined woman, working Monday to Friday as a street vendor selling roasted bananas. She has done this for 7 months, and over the last 5 years she has also worked cleaning a number of houses.

Dalia is going to invest her first loan in buying a new cart for the sale of her produce. Her goal is to have her own premises to sell her products, and also increase the sales of fast food.

The small picture is of a lender who couldn't be present for the group picture.
View original language description ↓
El banco comunal Nuevo Florecer está formado por 5 socias y 1 socio quienes viven en diferentes lugares de la ciudad de Cuenca, esta ciudad se encuentra bañada por 4 ríos los que le dan el nombre de Santa Ana de los 4 Ríos, su centro es una mezcla de la arquitectura moderna y colonial. Su gente es amable, mantienen su cultura y tradiciones, su vestimenta es muy colorida la que le da vida y color a sus calles, son personas trabajadoras que luchan el día a día para mejorar su economía para poder sacar adelante a sus familias.

Una de las socias de este grupo es la Señora. Dalia, está realizando el primer crédito en el banco comunal Nuevo Florecer al cual fue invitada por una amiga y vecina, vive por el sector de la Florida en la ciudad de Cuenca, tiene 32 años de edad, es madre soltera de 4 hijos de 14, 11, 9 y 7 años de edad, su primera hija está estudiando en el colegio y sus tres hijos estudian en una escuelita de la ciudad. No tiene casa propia por lo que vive arrendando.

Ella es una mujer luchadora que trabaja de lunes a viernes en la venta ambulante de plátanos asados, actividad que la está desempeñando hace 7 meses, desde hace 5 años trabaja en el arreglo de algunas casas.

Su primer crédito lo va a invertir en la compra de una nueva carreta para la venta de su producto.

Su meta es tener un local propio para vender su producto y también incrementar la venta de comida rápida.

La foto pequeña es de una socia que no pudo estar presente cuando se tomo la foto del grupo.

Additional Information

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Ecuador

  • $10,600
    Average annual income
  • 71
    View loans »
    Ecuador Loans Fundraising
  • $25,584,275
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A portion of Nuevo Florecer (Cuenca) Group's $1,825 loan helped a member to buy a cart.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Sep 24, 2012
Nov 1, 2012
Currency Exchange Loss:
Mar 15, 2013