A loan of $1,000 helped to buy flour, butter, salt, eggs, meat, sausages, potatoes, etc.

Aracely Moncerrate's story

In Rio Chico parish, in Portoviejo canton, we come across a place called San Clemente. Every two weeks, the members of the 'San Clemente de Rio Chico' community bank meet here. The area is known for its vegetation and for the fact that most of the locals work in agriculture.

Here we meet Aracely who is 42 years old and lives with her common-law husband. They have two children aged 24 and 18 who are both studying at university. Their children both currently live at home. Aracely's husband is a taxi driver.

Aracely has a bakery in her home where she has worked every day for the past 15 years. Her brother and brother-in-law help her and she pays them a weekly wage. They leave the previous evening's prepared dough so that, the next day, they can bake their delicious bread. In addition, Aracely also sells fast food, soda, juice and fruit smoothies in the afternoons and evenings. She does this from 2.00pm to 7.00pm since at that time she needs to prepare her bread for the following day.

Aracely will use this loan to buy flour, butter, salt, eggs, etc. for making her bread. She will also buy meat, sausages, potatoes, etc. for her fast food business. She has been a member of her community bank since it was established three loan cycles ago and she enjoys being a member because the loans have helped her a lot in buying what she needs to improve her business.

Aracely's dream is to modernize her business with new machines that will make her work easier.

Translated from Spanish by Kiva volunteer Linda Oxnard

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