A loan of $4,275 helped a member to buy cosmetics.


El Aguacate (Cuenca) Group's story

The communal bank El Aguacate [The Avocado] is made up of seven women and one man, who work in different types of economic activities. All of these activities allow them to cover home expenses, improve their economic stability, and give a better future to their children. All of the members are neighbors and comrades who strengthen their friendship every day. They are kind, gentle, and hardworking. They live in the Monay neighborhood within the city of Cuenca. Since December 1999, this city has been named a World Heritage site. The city has many places to walk around and enjoy nature, and everyone who visits is captivated by the city's culture and food. One of the members of this group is Rosa. She has been a part of the communal bank El Aguacate for some years and is one of the founding members of this group. Rosa is thirty-two years old, is married, and has four children (ages 16, 12, 8, and 5) through this marriage. Her first two children are studying in high school and her two youngest children are in primary school. They do not have their own home; they live in a relative's house. Her husband works in construction. In order to help her husband with the home expenses, Rosa makes a living as a housekeeper. She has had this job for three years and works Monday to Friday without a fixed schedule. In her free time, she also makes a living selling various brands of cosmetics door-to-door. Her new loan is going to be invested in the purchase of cosmetics, so that she can have more variety. Her goal is to have her own shop where she can sell her merchandise.

In this group: Martha Braulia, Rosa Paulina, Ligia Beatriz, Mercedes María, Nelson Wilfrido, Blanca Mercedes, María Elena*, Melida Esthela
*not pictured

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Translated from Spanish by Kiva volunteer Christina Mellace


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