A loan of $2,100 helped a member to buy chicks and animal feed.


Buena Esperanza Group's story

This is the first loan the “Buena Esperanza” (Good Hope) communal bank takes out. It has five female and two male members who work every day in various economic activities that allow them to cover household expenses. They are kind, pleasant people who day to day find ways to improve their economic situation and move their families forward. They all live in the city of Cuenca’s Victoria del Portete Parish. This is a place with a cold climate with great plains that make it possible for the inhabitants to work in cattle raising, animal husbandry and agriculture. The population still preserves the culture and traditions passed down from their parents.

One of this group’s members is Laura María, 55. She’s married and has had 8 children. Six of them are married and live on their own, one of her sons is single and helps her out economically and her youngest son attends the local secondary school. Her husband works as a day laborer and the house they live in is their joint property.

Laura María does her housework but also raises guinea pigs, chickens and cattle whose milk she sells. She farms her land and uses what she grows for family consumption; if there are any leftovers she sells them.

She will use the loan to buy chicks and animal feed. Her goal is to have larger animal nursery.

In this group: Narcisa De Jesús, María Luisa, Juana Remigia, Laura María , Julia Dolores, Juan Patricio, Miguel Angel
*not pictured

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Translated from Spanish by Kiva volunteer Polliz


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Loan details