A loan of $4,650 helped a member to buy animal feed and nylon.

Vegaspamba (Cuenca) Group's story

The Vegaspamba communal bank is made up of 11 members. They are neighbors and friends from the same community, which belongs to the parish of Jadan in Cuenca. This area has a cold climate, lush vegetation, and green fields. Its architecture is a mix of old-fashioned and modern. Its people work in agriculture, raising animals, and artisan crafts, such as making rope. Some of them go out to the city every day for business. They still keep their culture and traditions alive.

One of the members of this group is Rosa Balvina. She is a founding member of the Vegaspamba communal bank. She likes this type of loans because they give her the opportunity to grow her business and spend time with her friends and neighbors at the same time.

Rosa Balvina, 62, is a widow. She has six children from her marriage. They are adults who are married and live independently. She lives with her grandson, whom she has raised since he was a baby. He is now 14 and is studying in a secondary school in the town. She does not have her own house, so she lives in a house which belongs to someone else.

Rosa Balvina raises lambs, chickens, and calves. She also works in agriculture to feed her household, and if there is extra, she sells it. She still has not given up the work which she learned from her parents, which is making rope.

She will invest this loan in the purchase of animal feed and nylon to make rope.

Her goal is to continue growing her business.

In this group: Zoila Elena, Lus María, Flor Ermencia, Carmen Amelia, María Eugenia, Rosa Elena, Rosa Balvina, Diana Lucia, María Ines, María Rosa, María Mercedes

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Translated from Spanish by Kiva volunteer Amy Volz

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