A loan of $550 helped to buy clothing to sell.

Libia Mercedes's story

Libia is a very cheerful and kind member of the "Nuevos Horizontes" [New Horizons] communal bank. She lives in the city of Cuenca. This city is bathed by four rivers. Its architecture is a mixture of colonial and modern, and its people are kind, courteous, and warm-hearted, while still conserving the culture and traditions of their people.

Libia is 63 years old. She is married, and she and her husband have five children, of whom four are married and live independently. One unmarried daughter works and helps out economically. Her husband works in an auto body shop. They don't have their own house, so they rent.

Libia is a saleswoman, and she earns her living selling a large variety of clothing and other articles. This business has allowed her to cover her household costs and improve her economic situation. She travels to different parts of the country to get her merchandise.

She invested her previous loan in the purchase of merchandise. She will invest her new loan, like the old one, in the purchase of clothing so that she will have a greater variety for her customers. She has made her previous loan payments on time. She likes her communal bank because of the camaraderie she enjoys with all the members.

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Translated from Spanish by Kiva volunteer Holly Torpey

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