A loan of $725 helped to buy trousers, blouses, t-shirts, and children’s clothes.

María Yolanda's story

The Communal Bank “Calle América” meets every 15 days in the canton of Montecristi, which is known for its rich pre-colonial culture and its handicrafts that are recognized on a national and international level. This place is known for its famous straw hats.

In this place, one can meet Sra. María. She is 54 years old, married, and has six grown children. Two of them are still single and live at her house. Her husband is a chauffeur.

María sells clothing of all types by going door-to-door. She sells on Fridays and Saturdays, but she also sells from her house. Her customers come to her whenever they need an article of clothing. María extends credit to her customers and collects payment every 8 or 15 days based on her customers’ preferences. She goes to Guayaquil, Portoviejo, or Manta to buy merchandise as needed.

María started this business with the first loan she received 10 years ago from the Communal Bank. For this reason, she is very grateful to Fundación ESPOIR for the help that has been given to her. This loan will be used to buy more merchandise such as trousers, blouses, t-shirts, and children’s clothes. María has been with the Communal Bank for 10 years and enjoys being a member because the loans have allowed her to improve her financial situation.

Her dream is to have a shop or a boutique.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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