A loan of $1,825 helped a member to buy a cart.

Nuevo Florecer (Cuenca) Group's story

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.

In this group: Erika Marlene, Dalia Rocio, Martha Verónica, Deifilia De Jesús, Martha Isabel, Diego Xavier

Translator profile picture

Translated from Spanish by Kiva volunteer Leticia Barbero

Loan details

Lenders and lending teams

Loan details