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Nelly Magaly
The Communal Bank, "La Pila," meets every two weeks in La Pila, Montecristi Canton. This place is well known in the province and in the country for its rich cultural tradition where one can find a variety of crafts that are made by its inhabitants following traditional customs.

Nelly is 38 years old, married and has two children who are 10 and 3 years old. The older one is in elementary school. Her husband is a driver.

To get ahead and help her husband with their earnings, she is a vendor, selling all kinds of clothing door to door. Three to four times a week she visits clients, leaving items on credit and collecting weekly. She buys merchandise once a month in the city of Guayaquil or whenever she needs to. She has been in this business for 5 years, at the same time that she started with her first loan from the bank. She has gradually been increasing her credit with subsequent loans.

This loan is to buy pants, shirts, shirts, and other apparel. She has been a founding member of the communal bank for over five years and likes it because she started her business with the first loan.
 
Nelly's dream is to continue increasing her business.
View original language description ↓
En el sitio la pila del cantón Montecristi se reúne cada quince días el Banco Comunal La Pila. Este lugar es muy conocido en la provincia y en el país por su rica cultura tradicional, se puede encontrar una gran variedad de artesanía que son elaboradas por sus habitantes siguiendo las costumbres tradicionales.

La señora Nelly, tiene 38 años de edad, está casada y de esta relación tienen dos hijos de 10 y 3 años de edad, el mayor estudia en escuela. Su esposo es chofer.

Ella para salir adelante y con sus ganancias ayudar a su esposo se dedica al comercio, vende ropa de todos tipo y su forma de venta es puerta a puerta, de tres a cuatro veces por semana visita a sus clientes, deja a crédito y cobra cada ocho días, la mercadería la va a comprar una vez al mes a la ciudad de Guayaquil o cada vez que necesite, lleva 5 años con este negocio el mismo que lo empezó con el primer crédito que recibió del banco y poco a poco lo ha ido aumentando con los créditos posteriores.

Este crédito es para comprar pantalones, camisetas, camisas, entre otras prendas de vestir. Es socia fundadora del Banco comunal hace más de 5 años y le gusta porque con el primer crédito empezó su negocio.

Su sueño es seguir incrementando su negocio.


About Ecuador

  • $10,200
    Average annual income
  • 18
    View loans »
    Ecuador Loans Fundraising
  • $22,583,300
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Nelly Magaly to buy pants, shirts, shirts and other garments.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2012
Listed
Oct 1, 2012
Currency Exchange Loss:
N/A
Ended:
Jan 15, 2013