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Stories, tips, and insights from the expat community in Cuenca
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Seven months after the CREA cooperative shut down, 281 members — including retirees and migrant workers — still can't recover their deposits. The government says 99% of people got paid. The remaining 1% says that's not good enough when $31 million is still missing.
Ecuador received a record $7.9 billion in remittances last year — more than bananas, shrimp, or cacao exports. Now a combination of ICE enforcement, deportation fears, and a new US tax on cash remittances is cutting those flows. In Cuenca, families report receiving half what they used to.