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Ruth
The communal bank "Esperanza y Progreso" meets every two weeks in the Montecristi Canton, which is known for its rich pre-colonial culture and crafts and renowned both nationally and internationally. It is the place of the famous "panama" straw hat.

Here we meet Mrs. Ruth who is 47 yeras old. Several years ago her husband passed away and she was left alone with her three children who are now adults. Two of them still live at home and work.

She runs a grocery store in her house and also sells bazaar items and ice cream. She works every day from 6:00 a.m. to 10:00 p.m. and also prepares and sells lunches. She says considerable customers come for her delicious meals every day but weekends are when sales are at their highest. She buys the products for her store in Manta. Some are delivered to her store. She has been in business for three years and it is going quite well.

This loan is to buy products such as rice, sugar, canned goods, detergent, meat, fish, etc., some of which are also used to prepare food. She's been a member of the communal bank since it was founded, acting as its treasurer, and enjoys the group's close relationship.

Her dream is to have good health.
View original language description ↓
EL Banco Comunal Esperanza y Progreso se reúne cada quince días en el Cantón Montecristi, conocido por su rica cultura pre colonial y por su artesanía, que es reconocida a nivel nacional e internacional. Lugar de los famosos sombreros de paja toquilla.

En este lugar conocimos la señora Ruth, tiene 47 años de edad, hace varios años su esposo falleció y quedo sola con sus tres hijos los mismos que en la actualidad ya son mayores de edad, dos de ellos aun viven en su casa y trabajan.

Tiene una tienda de víveres en su casa, en ella también vende artículos de bazar y helados. Trabaja todos los días desde las 6h00 hasta las 22h00, además de esto también prepara almuerzos para vender, nos cuenta que todos los días hasta su local llegan bastantes clientes a servirse los deliciosos platos que ella vende pero que mas clientela tiene los fines de semana. Los productos para su tienda los compra en Manta y algunos los recibe en su local. Nos cuenta que lleva con su negocio tres años y que le va muy bien.

Este crédito lo quiere invertir en comprar más productos como: arroz, azúcar, enlatados, detergentes, carnes, pescado, etc. que también le sirven para preparar los alimentos. Está en el Banco Comunal desde que lo fundaron, es la tesorera del mismo y le gusta por la unión del grupo.

Su sueño es tener buena salud.

About Ecuador

  • $10,600
    Average annual income
  • 52
    View loans »
    Ecuador Loans Fundraising
  • $24,295,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $900 helped Ruth to buy rice, sugar, canned goods, detergent, meat, fish, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 24, 2011
Listed
Apr 8, 2011
Currency Exchange Loss:
N/A
Ended:
Aug 15, 2011