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Teresa Margarita
In the town of Rocafuerte, every two weeks the members of the Communal Bank "Organized Women" gets together. This place is known for its delicious sweets that the locals prepare and that are recognized throughout the country.

Teresa, who is 55 years old, lives in this place. Several years ago, her husband passed away, but she had two children from that relationship. They are now older in age. She has a 17-year-old grandson in her care who is like her son. He studies at the high school.

She is a very hard-fighting woman, who in order to get ahead, continued on her own with the business that her husband had for many years. It is a small factory where she makes and sells snacks. She works every day from 6 in the morning making snacks with the help of two other people who she pays a weekly salary and later with the help of her grandson. She makes sure to deliver to diners and stores in the area. Also, she prepares food, but she does this in the afternoons and evenings since she only prepares snacks.

This loan is for the purchase of plantains, oil, rice, meat, and other supplies for making snacks and other foods. She is a founding member of the Communal Bank, and she likes it because the interest rates are very low and because of the help that she receives with the loans.

Her dreams are to to have a small business with machines and a truck to deliver to other places.
View original language description ↓
En el cantón Rocafuerte se reúnen cada quince días las socias del Banco Comunal Mujeres Organizadas. Este lugar se lo conoce por sus deliciosos dulces que preparan los lugareños y que son reconocidos en todo el país.

En este lugar vive la señora Teresa, tiene 55 años de edad, hace varios años su esposo falleció pero de esta relación tuvo dos hijos los mismos que ya son mayores de edad, tiene a su cargo a un nieto de 17 años que es como su hijo y estudia en colegio.

Ella es una mujer muy luchadora que para salir adelante sola continuó con el negocio que desde hace muchos años tenían su esposo, es una pequeña fábrica donde fabrica y vende chifles, trabaja todos los días desde las 6h00 de la mañana en la fabricación de los chifles con la ayuda de dos personas más a quienes les paga un sueldo semanal y luego con la ayuda de su nieto se encarga de entregar a cevicherías y tiendas de la localidad. También prepara comida pero esto lo realiza en las tardes y noches ya que solo prepara meriendas.

Este crédito es para comprar plátanos, aceite, arroz, carne y otros viveres para la fabricación de los chifles y los alimentos. Es socia fundadora del Banco Comunal y le gusta porque los intereses son muy bajos y por la ayuda que recibe con los créditos.

Sus sueños son tener una microempresa con maquinarias y un camión para ir a entregar a otros lugares.

About Ecuador

  • $10,200
    Average annual income
  • 63
    View loans »
    Ecuador Loans Fundraising
  • $23,498,200
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,325 helped Teresa Margarita buy plantains, oil, rice, meat, and other supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 7, 2012
Listed
Feb 16, 2012
Currency Exchange Loss:
N/A
Ended:
Jul 15, 2012