A loan of $6,550 helped a member to buy sandals and costume jewelry.

Arco Iris (Cuenca) Group's story

The community bank Arco Iris (Rainbow) is comprised of 13 women members and 1 man who live in the outskirts of the parish of Turi in Cuenca. This parish is often visited as it has a city overlook where you can observe the splendor of almost the whole city. It also has a beautiful church and places to enjoy the gastronomy and culture of the city. The people, like our members, are friendly, kind, and good humored and have a common goal which is to help their families to get ahead and to offer them a better future. They work in different fields such as agriculture, livestock raising, and business, and they maintain the culture and traditions of their people.
One of the members of this group is Perla. This is her third loan with the Arco Iris community bank and she likes the bank for the fellowship, unity, and good humor of the group members and for the loans that help her to improve and grow her business. She is 31 years old, married, and has two children who are 12 and 8 years old. Her husband is a teacher and the house they live in is their own.
Perla works in informal business selling costume jewelry and sandals. She works alone on market days without a fixed timetable. This activity enables her to have her own income and helps to improve the stability of the home and, at the same time, helps her to care for her family.
She used her last loan to buy merchandise for her business so she could make better profits. She will use her new loan to buy new models of sandals and more jewelry as, little by little, her business is growing and this fills her with satisfaction.

In this group: Mariana De Jesús, Nancy Patricia, Marcia Breatriz, Carmen, Lourdes Esperanza, María Isabel, Miriam Alexandra, Perla Estela, Humberto Samuel, Gladys Beatriz, Nancy Cristina, Hilda Narcisa, Ligia Narcisa*, Mayra Esperanza*
*not pictured

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Translated from Spanish by Kiva volunteer Alison Hynd

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