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Erika Carolina
Every two weeks, the Virgen del Rosario community bank meets in Colorado, in Montecristi canton. This area is known for its rich pre-colonial culture and its handicrafts which are both nationally and internationally renowned. Most of the people work making buttons from 'tagua' (vegetable ivory), making handicrafts and engaging in general commercial activities.

Here we meet 25 year-old Erika who is single and lives in her parents' home. She has been a member of the community bank for three loan cycles and she likes it because of the help that she is receiving. Thanks to the loans, she has a way of earning a living.

Erika has a lathe (a machine for cutting 'tagua') which she uses to make buttons (but crudely). She delivers her products to salespeople in Manta who then export them abroad. She works from Monday to Saturday, from 8.30am to 3.00pm. She works six hours a day. She tells us that the work is hard but this is her way of starting to build something for her future. She buys her raw materials from a warehouse in her town which supplies this product.

Erika will use this loan to buy 'tagua' and two more lathes so that she can increase her production. Her dream is to own a large company that makes finished buttons.
View original language description ↓
EL Banco Comunal Virgen Del Rosario se reúne cada quince días en Colorado del Cantón Montecristi , conocido por su rica cultura pre colonial y por su artesanía que es reconocida a nivel nacional e internacional. En este sitio la mayoría de los habitantes se dedican a la fabricación de botones de tagua, artesanía y comercio en general.

Aquí conocimos a Erika, tiene 25 años de edad, está soltera y vive en casa de sus padres. Lleva tres ciclos en el Banco Comunal y le gusta por la ayuda que le están dando ya que con los créditos ella tiene una forma para ganarse la vida.

Ella tiene un torno (máquina para cortar tagua) con la que se elaboran los botones pero en forma cruda, este producto entregan en Manta a comerciantes para que estos la exporten al extranjero. Trabaja de lunes a sábado desde las 8h30 hasta las 15h00, trabaja unas seis horas por día, nos cuenta que es sacrificado el trabajo pero esta es su forma de comenzar a tener algo para su futuro. La materia prima la compra en un depósito en la localidad que les surte de este producto.

Este crédito lo va a utilizar en comprar tagua y dos tornos más para así poder aumentar su producción.

Su sueño es tener una gran empresa de botones terminados.

About Ecuador

  • $10,600
    Average annual income
  • 48
    View loans »
    Ecuador Loans Fundraising
  • $24,300,700
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,000 helped Erika Carolina to buy 'tagua' and two lathes.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 7, 2011
Listed
Jun 23, 2011
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2012