Funded

Total loan: $4,200
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El Sol Naciente (Cuenca) Group


A loan of $4,200 helped a member to buy kitchen utensils and supplies.


El Sol Naciente (Cuenca) Group's story

Sol Naciente (Rising Sun) is a communal bank made of 10 women who are all friends and who live in the city of Cuenca, a place which enjoys a cold climate and colonial architecture mixed with more modern. It also has plenty of green spaces for enjoying nature. Its people have an innate charisma and are gentle and friendly. The members of this group are hard-working women who are always looking for income to support their families. They all still defend their culture and the traditions that were passed down by their parents.

One of the group members is Maribel, 45, who is married and has 5 children with her husband has 5 children aged 23, 21, 18, 17 and 11. Her eldest son is married and independent, her second son works and helps her financially, her third son is disable and stays at home, her fourth child, her eldest daughter, studies at college in the city and her youngest daughter is at the junior school. Her husband works as a security guard, they have their own home and live in rented accommodation.

With her first loan, Maribel started her own business selling food and has been working in this trade for 6 months. This job has given her the opportunity to help her husband and improve their household income.

She invested her previous loan in a cart to sell her food from, which has provided good income and she has had no problems making the payments. She will invest her new loan in the purchase of kitchen utensils and supplies for making her dishes.

The small photo is of two members who could not be present when the group photograph was taken.

In this group: Ladia Violeta, Laura Luz, María Esperanza, Sandra María, Mayra Alexandra, Maribel Del Pilar, Elourdes Maribel, Mayra Estefania, Mónica Rosalia, Lidia Esther
*not pictured

Translated from Spanish by Kiva volunteer Sara Godwin


Loan details

Loan length:

8 months
Disbursed date: February 8, 2013
Facilitated by Field Partner: Fundación ESPOIR

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: February 8, 2013
Facilitated by Field Partner: Fundación ESPOIR