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Martha Mercedes
The Communal Bank “Virgen del Mar” meets every 15 days at the beautiful seaside resort of San Mateo in the city of Manta. This city is known for its beautiful beaches that are frequented throughout the year by local and foreign tourists. Most of the residents work in the fishing industry or have jobs that are related to the sea.


Sra. Martha lives in this place. She is 38 years old, married, and has four children (ages 15, 12, 9, and 8). The older children are in high school and the younger ones attend elementary school. Her husband is a fisherman.


Three years ago, Doña Martha used the first loan she received from the Communal Bank to start her own business. She renovated a space in her house for opening a small store. As time passed and with the help of the loans, her business has gradually improved. Martha works every day with the help of her children and her husband whenever they are able. Her business is open from 6:00 A.M. to 8:00 P.M. and sometimes even later. She has invested much effort and love into her store, which has helped her and her family to get ahead.


This loan will be used to buy more inventory for her store such as rice, sugar, oil, detergents, and other grocery items. Martha has been with the Communal Bank for three years and enjoys being a member because the loans have helped her to have a business.


Her dream is to have the best store in town.

View original language description ↓
El Banco Comunal Virgen Del Mar se reúne cada 15 días en el hermoso balneario de San Mateo en la ciudad de Manta, conocido por sus hermosas playas que son muy visitadas en toda época del año por turistas nacionales y extranjeros, en este lugar la mayoría de los habitantes se dedica a la pesca y a las faenas del mar.

En este lugar vive la señora Martha, tiene 38 años de edad, está casada y de esta relación tienen cuatro hijos de 15, 12, 9 y 8 años de edad, los mayores estudian en colegio y las menores en escuela. Su esposo se dedica a la pesca.

Doña Martha desde hace tres años y con ayuda del primer crédito que recibió del banco empezó con su negocio, ella adecuo un local en su casa para surtir una pequeña tienda que con el paso del tiempo y con la ayuda de los créditos le ha ido mejorando poco a poco, trabaja todos los días con la ayuda de sus hijos y de su esposo cuando pueden desde las 6h00 hasta las 20h00 y a veces hasta más tarde. Ella le ha puesto muchas ganas y amor a su tienda la cual le permite salir adelante junto a su familia.

Este crédito lo va a emplear en surtir mas su tienda, va a comprar arroz, azúcar, aceite, detergentes y otros víveres. Lleva tres años en el Banco Comunal y le gusta porque gracias a los créditos tiene su negocio.

Su sueño es tener la mejor tienda de la localidad.

About Ecuador

  • $10,600
    Average annual income
  • 96
    View loans »
    Ecuador Loans Fundraising
  • $24,187,450
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,075 helped Martha Mercedes to buy rice, sugar, oil, detergents, and other grocery items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2013