A loan of $4,250 helped a member to buy notebooks, pens, stationery, and other bazaar items.

Nueva Esperanza (Cuenca) Group's story

The communal bank Nueva Esperanza (New Hope) comprises nine partners who live in Cuenca, the third most economically important city in the country. In December 1999, the city was named a World Heritage Site, based on its beautiful historic center. The friendly, gracious people still observe their cultural traditions.

Marcela, one of the members, lives in the Totoracocha neighborhood in Cuenca. She likes the unity and fellowship that exists in her communal bank. Marcela is 42, married, and has three children, ages 20, 15, and 7, from her marriage. Her oldest son is in college; her second child, a girl, is also in college; and her youngest daughter studies in a local school. Her husband drives his own taxi. They live in their own house.

Marcela does the housework and is always taking care of the children and her house. She has had a bazaar and stationery store in her home for eight years so that she could help her husband meet their expenses. She will use this loan to buy notebooks, pens, stationery, and other bazaar items. Her goal is to expand her stationery inventory.

The inset photo shows a member who could not be present for the group photo.

In this group: Amanda De Jesús, María Baltazar, Mónica Catalina, Luz Aurora, Alicia Mercedes, Celia María, Angelita María, Marcela Del Rosario, Verónica Del Carmen
*not pictured

Translated from Spanish by Kiva volunteer

Loan details

Lenders and lending teams

Loan details