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Mercedes Arelita
The communal bank Jardín De La Artesanía meets biweekly in Cantón Montecristi, which is known for its rich precolonial culture and its crafts, which are renowned nationally and internationally. The famous Panama hat comes from here.

This is where Mercedes lives. She is 54 años years old, married, and has three children from this marriage. They are all adults now, but the youngest still lives with her. Her husband is a construction worker.

Since her husband doesn't have work at times, Mercedes works as a merchant, selling all kinds of clothing. She makes her sales door to door, but also at home. She leaves her merchandise with her customers on credit and bills them weekly. She purchases her merchandise in Guayaquil, a city where she travels every time she needs more clothing items. She has been in business for fifteen years. She started it using the first loan she got from her bank, which is why she is very grateful, since it allowed them to get through very difficcult times.

This loan is to purchase pants, blouses, and all sorts of clothing items that she sells. She has been with her communal bank from the start and enjoys it because with the first loan she received from it she started the business that now allows her to get ahead.

Her dream is to have a store to sell her merchandise.
View original language description ↓
EL Banco Comunal Jardín De La Artesanía se reúne cada quince días en 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 Mercedes, tiene 54 años de edad, está casada y de esta relación tienen tres hijos los mismos que ya son mayores de edad, el menor de ellos aún vive con ella. Su esposo es albañil.

Doña Mercedes al ver que en ocasiones su marido no tiene trabajo se dedica al comercio, vende ropa de todo tipo y su forma de venta es puerta a puerta aunque también vende en su casa, deja su mercadería a crédito y cobra cada ocho días, ella compra su mercadería en Guayaquil ciudad a la que viaja cada vez que necesita más prendas, lleva más de 15 años en este negocio el cual lo empezó con el primer créditos que recibió del banco por eso está muy agradecida ya que gracias a esto ellos salen adelante cuando la situación es muy difícil.

Este crédito es para comprar pantalones, blusas y todo tipo de prendas que ella vende, esta desde el inicio en el Banco Comunal y le gusta porque con el primer crédito empezó su negocio que hoy le permite salir adelante.

Su sueño es tener un local para vender su mercadería.

About Ecuador

  • $10,200
    Average annual income
  • 14
    View loans »
    Ecuador Loans Fundraising
  • $22,842,950
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,275 helped Mercedes Arelita to buy pants, blouses, and all kinds of clothing items.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 26, 2013
Listed
Jul 10, 2013
Currency Exchange Loss:
N/A
Ended:
Nov 17, 2013