Check out some available loans that are similar to this one!
Ruth Monserrate
The communal bank "Esperanza y Progreso" meets every fifteen days in the Montecristi canton, which is known for its rich pre-colonial culture and for its handicrafts that are recognized at the national and international level. It is the land of the famous Panama straw hat.

Ruth lives in this area. She is forty-nine years old. Her husband passed away a few years ago, and she was left alone with three children. They are older and of age, although two of them still live in the house with her and study at the university.

Ruth has a store in her house, a business that has allowed her to continue moving forward alone with her children. In her business, her customers find everything, which pleases them. She sells everything from food provisions to bazaar items, paper products, medicines, and ice-creams made by a well-known national brand. She works every day from six in the morning until ten o'clock at night.

In addition to this, she also prepares lunches to sell. Every day, many customers arrive at her house to receive the delicious dishes that she has prepared. She has been working in these businesses for the past five years and it is through this that she has continued moving forward together with her family.

She wants to invest this loan in the purchase of food provisions, medicines, and bazaar items, among other things she can sell. She has been a member of the communal bank since it began and likes it for the help with loans that they have offered to everyone in the group.

Her dream is that her children become good professionals.
View original language description ↓
EL Banco Comunal Esperanza y Progreso se reúne cada quince días en el 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.
En este lugar vive la señora Ruth, tiene 49 años de edad, hace varios años su esposo falleció y quedo sola con sus tres hijos los mismos que en la actualidad ya son mayores de edad, dos de ellos aun viven en su casa y estudian en universidad.

Doña Ruth tiene una tienda en su casa, negocio que le ha permitido salir adelante sola con sus hijos, en su negocio sus clientes encuentran de todo por lo cual goza de buena clientela, allí vende desde víveres hasta artículos de bazar, papelería, medicinas y helados de una marca muy reconocida a nivel nacional. Trabaja todos los días desde las 6h00 hasta las 22h00, además de esto ella también prepara almuerzos para vender, por lo cual todos los días hasta su local llegan bastantes clientes a servirse los deliciosos platos que ella prepara. Lleva más de 5 años con sus negocios y es así como ella sale adelante junto a su familia.

Este crédito lo quiere invertir en comprar víveres, medicinas, artículos de bazar entre otras cosas que vende. Está en el Banco Comunal desde el inicio y le gusta por la ayuda que les brindan a todas en el grupo con los créditos.

Su sueño es que sus hijos sean buenos profesionales.


About Ecuador

  • $10,600
    Average annual income
  • 104
    View loans »
    Ecuador Loans Fundraising
  • $24,223,100
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,600 helped Ruth Monserrate to buy food provisions, medicines, bazaar items, etc.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 17, 2012
Listed
Jan 1, 2013
Currency Exchange Loss:
N/A
Ended:
May 17, 2013