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Paula Monserrate
The Communal Bank "Amor y Paz" meets every fifteen days in the parish of Calderón in the city of Portoviejo. In this area the people work in agriculture, raising livestock and selling their products.

Paula, 39, lives here and is married to her husband with whom she has three children. One is of independent age and the other two are 16 and 14 years old. The oldest studies at a university and the two youngest go to high school. Her husband makes a living in agriculture.

She works together with her husband and children in agriculture and the sale of their products. They grow plantains, cassava and peanuts. When they harvest their products they deliver them to merchants that come to the area and also bring them to Manta, Chone and Portoviejo. They also sell by-products including cassava starch that they also deliver to the cities mentioned. They work in the land from 7:00 am until 3:00 pm. During the periods of difficult work they contract three workers whom they pay a weekly salary for their work.

This new credit will be used to buy insecticides and agricultural supplies. She has been in the Communal Bank since it began and is a founding member. She likes the bank for the help that she has received.

Her goal is for her children to finish their studies and become professionals.
View original language description ↓
El Banco Comunal Amor Y Paz se reúne cada quince días en la parroquia Calderón de la ciudad de Portoviejo, localidad donde la gente se dedica en gran parte a la agricultura, cría de animales y a la venta de sus productos.

En este lugar vive la señora Paula, tiene 39 años de edad, está casada y de esta relación tiene 3 hijos, uno es mayor de edad y dos de 16 y 14 años, el mayor estudia en la Universidad y los dos menores en colegio. Su esposo se dedica a la agricultura.

Ella se dedica junto a su esposo y sus hijos a la agricultura y a la venta de sus productos, cultivan plátano, yuca y maní. Cuando cosechan sus productos los entregan a comerciantes que llegan hasta la zona y también los llevan a Manta, Chone y Portoviejo, ellos también venden los derivados de estos como el almidón el mismo que entregan en las ciudades antes mencionadas. Trabajan en el campo desde las 07h00 hasta las 15h00, además de ellos también en épocas de duro trabajo contratan otras tres personas a quienes les pagan un sueldo semanal por su labor.

Este nuevo crédito lo va a utilizar en comprar insecticidas e insumos para la agricultura. Está en el Banco Comunal desde el principio, es socia fundadora y le gusta por la ayuda que ha recibido.

Su meta es que sus hijos terminen sus estudios y sean buenos profesionales.

About Ecuador

  • $10,600
    Average annual income
  • 47
    View loans »
    Ecuador Loans Fundraising
  • $24,293,125
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $650 helped Paula Monserrate to buy insecticides and agricultural supplies.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2012
Listed
Nov 1, 2012
Currency Exchange Loss:
N/A
Ended:
Apr 17, 2013