A loan of $6,325 helped a member to buy confectionery.

Las Amelias (Cuenca) Group's story

The communal bank Las Amelias is made up of seven women and one man. They live around the city of Cuenca, a city of natural beauty and with great scenery due to its rugged terrain. Four rivers pass through it, and its historic centre jealously guards the history of this beautiful city. The members are kind and gentle people who struggle every day in order to improve the stability of their households, thus moving their families forward. They still preserve the culture and traditions of their villages.

One of the members is María Mercedes, who is in her fourth loan cycle together with her friends and partners of the communal bank Las Amelias. She likes this type of loan schedule because it entails unity and solidarity between the partners. In addition to forming a group, they also form a family and always support each other.

María Mercedes is 56 years old, married, and the mother of seven children. Five of them are married and independent. One is single, works, and helps her economically, and another one is studying at university. She does not own a house so she rents one. María Mercedes works seven days a week in a stall where she sells confectionery. She has been running this business for 20 years, and works at irregular times. She will use the loan to buy confectionery for her business in order to make it grow. Her goal is to have a larger stall.

In this group: Amelia Gricelda, Narcisa De Jesús, Diana Lucia, María Mercedes, Verónica Mercedes, Amelia De Jesús, María Aurora, Angel Daniel

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Translated from Spanish by Kiva volunteer Isabel Valencia

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