A loan of $2,375 helped a member to buy quilts and cosmetics.


Las Comadres (Cuenca) Group's story

"Las Comadres" is a communal bank that consists of seven friends. Some of the members were part of other communal banks and now they have come together to be part of this new communal bank. They live in different places of the city of Cuenca. This city is surrounded by four rivers, its architecture is a mix of colonial and modern, and its people still preserve the culture and traditions of their village.

The members are women who struggle every day to improve their economies and get ahead with their families. They are women with good sense of humor despite the adversities. They still maintain the culture and traditions of their people.

One of the members of this group is Melba, who lives in Totoracocha sector, in the city of Cuenca. She is 41 years old, is married and in her marriage she conceived three children. One of her sons is married and lives independently, another son works and helps her economically, and her youngest daughter who is barely six years old is studying in a school in the city. Her husband is not in the country, he has migrated in search of a better future for his family. She doesn't own a house, so she is renting one.

Melba works making quilts. She learned this activity working, and now she has a business selling quilts for six years. She sells the merchandise as a street peddler. She also sells several brands of cosmetics. At home, she has been raising and selling chickens for 15 years.

Her new loan will be invested in the purchase of quilts and cosmtics, to continue with this business. Her goal is to have her own house.
 

In this group: Yadira Catuska, María, Gladys Lorena*, Blanca Livia, Melva Lorena, Melva Margarita, Flor Elvira
*not pictured

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Translated from Spanish by Kiva volunteer Elisabet Falgueras


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