Funded

Total loan: $4,075
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Nuevo Amanecer (Cuenca) Group

Ecuador
Cuenca, Ecuador / Primary/secondary school costs

A loan of $4,075 helped a member to purchase uniforms, books, notebooks, and pencils.


Nuevo Amanecer (Cuenca) Group's story

The Nuevo Amanecer community bank is made up of eight women and one man who live in the area around the Zhidmad parish in Cuenca. The area is known for its beautiful landscapes thanks to its rugged geography and it is possible to enjoy nature. The architecture of the homes is a mix of modern and traditional. The people, including the group members, are people with good hearts who are friendly and kind. Every day they are in a fight to improve their financial stability and they are succeeding thanks to their work, effort, and dedication. They do work such as raising animals, farming, and many work in the city at other economic activities while maintaining the culture and traditions of their people.

One of the members of this group is Elda, who is requesting her second loan together with her friends and companions. She likes this type of loan because it helps them improve their financial stability. Elda is 39 years old, married, and has six children who are 13, 16, 18, 18, 20, and 22 years old. Her two oldest children are married and live independently. Her twin daughters work for their personal expenses and are also studying at a school in the city. Her 16 year old son is also studying at a school in the city. Her youngest son who has a disability is studying at a school for special children. Her husband works in construction as a builder. They do not own their home, so they rent.

Elda has worked for 20 years cleaning houses. She works from Monday to Saturday without a fixed schedule. This work has allowed her to improve her household's financial stability.

She will use the money from this loan to pay for her disabled son to attend school. She will purchase uniforms, books, notebooks, pencils, and other items.

Her dream is to see her children one day have professions.

The small photo is of two members who were not able to be present when they took the group photo.

In this group: Rosa Carmelina, María Rosa Elvira, María Rosa Elena, Zoila Narcisa, Ana Rocio, Manuel Concepción, Rosa Lastenia, Elda Luzmila, Mercy Magaly
*not pictured

Translator profile picture

Translated from Spanish by Kiva volunteer Eileen Lloyd


Loan details

Loan length:

8 months
Disbursed date: April 11, 2013
Facilitated by Field Partner: Fundación ESPOIR

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: April 11, 2013
Facilitated by Field Partner: Fundación ESPOIR