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Mercedes Migdalia
The communal bank "Bienestar y Progreso" [Welfare and Progress] meets every fortnight in Colorado, in the Montecristi canton, which is known for its rich pre colonial culture and its craftwork which is recognized nationally and internationally. It's the place of the famous hats made of toquilla straw plants.

This is where Mercedes lives. She is 49 years old and is a single mother of a 18 years old daughter who is studying in school. She lives with her parents. Mercedes works as a secretary and bookkeeper in a taxi cooperative. She is also a member of it because she has her own taxi affiliated to the cooperative and does routes in the city of Manta. This taxi is driven by a person to who she pays a monthly salary.

Currently, she needs a loan to make some fixings in her taxi in order to provide a better service. She has had the taxi for seven years, which allows her to give the best to his daughter. This loan is to buy tires and several spare parts to improve the taxi.

She is in the communal bank since the beginning and she likes it because she has been able to pay her car with the loans. Her dream is for her daughter to finish her studies and be a great professional.
View original language description ↓
EL Banco Comunal Bienestar y Progreso 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. Lugar de los famosos sombreros de paja toquilla.

Aquí vive la señora Mercedes, tiene 49 años de edad, es madre soltera de una hija de 18 años que estudia en colegio. Ella vive en casa de sus padres.

Doña Mercedes trabaja de secretaria y contadora en una cooperativa de taxis, y también es socia de la misma ya que tiene un taxi propio que está afiliado a la misma cooperativa y realiza recorridos en la ciudad de Manta, este taxi lo hace conducir por una persona a quien ella le paga un sueldo mensual, en la actualidad necesita del crédito para realizar algunos arreglos a su taxi con la finalidad de ofrecer un mejor servicio, tiene siete años con su taxi el cual le permite darle lo mejor a sus hijos.

Este crédito es para comprar llantas y varios repuestos para mejorar el taxi. Esta desde el inicio en el Banco Comunal y le gusta porque con los créditos ella ha podido ir pagando su carro.

Su sueño es que su hija termine sus estudios y ser una gran profesional.


About Ecuador

  • $10,200
    Average annual income
  • 29
    View loans »
    Ecuador Loans Fundraising
  • $23,142,500
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,375 helped Mercedes Migdalia to buy tires and several spare parts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
N/A
Ended:
Feb 15, 2013