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Margarita Agustina
The community bank named "May 3" meets every two weeks in the district of Picoaza in the city of Portoviejo. The location is known for its commerce, for its traditional feast days of San Pedro and San Pablo, and for the generally happy population.

Margarita has been a member of the community bank for the past 15 loan cycles. She says that the loans have helped her immensely especially during the difficult time when her husband passed away. She still remembers him with sadness but her heart is filled again with the love that his
children bring her. All seven children live with her.

She sells vegetable sand fruits in the market in Manta. She works from Friday to Sunday, starting at 4am when she goes to the market in Portoviejo to purchase the best products to bring back to her clients in Manta. She comes back home only after she has sold all her stock.

Thsi new loan will be used to purchase various products, especially corn because it is highly sought out and lemons because there is a shortage and she can sell at a good price.

Her dream is to have a large store in her house and not have to travel any more.
View original language description ↓
El Banco Comunal 3 de Mayo se reúne cada quince días en la parroquia Picoaza de la ciudad de Portoviejo. Lugar conocido por ser una zona muy comercial, por sus fiestas tradicionales de San Pedro y San Pablo y por la alegría de su gente.

La señora Margarita es socia del Banco Comunal hace ya 15 ciclos, dice que le han ayudado mucho sobre todo en momentos difíciles en las que se encontró después del fallecimiento de su esposo hace 15 años, pero ella aun lo recuerda con tristeza, dice que esto lo compensa con el amor que le brindan sus hijos ya que siete de ellos viven con ella.

Ella se dedica a la venta de verduras, legumbres y frutas en el mercado de Manta. Trabaja tres últimos días de la semana, empieza su labor desde las 4am que parte al mercado de Portoviejo a comprar los mejores productos para llevarlos a sus clientes en Manta, ella regresa tarde después de vender todo.

Este nuevo crédito lo va a utilizar en comprar todos estos productos en especial frejol de palo que es muy pedido y limón que esta escaso y se vende a buen precio.

Su sueño es tener una gran tienda en su casa para no tener que viajar más.

About Ecuador

  • $10,200
    Average annual income
  • 11
    View loans »
    Ecuador Loans Fundraising
  • $22,566,025
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Margarita Agustina to purchase basic grains, fruits, vegetables, and lemons.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 3, 2010
Listed
Sep 10, 2010
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2011