100%

funded

Total loan: $550

Maria Cristina

Portoviejo, Manabí Province, Ecuador / Arts

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A loan helped To buy twine, slippers, and prints.


Maria Cristina's story

The Communal Bank María Monserrate belongs to the city of Montecristi in the coastal province of Manabí.

Mrs. Cristina is married and has 4 children. She has been a street vendor for over 24 years; she sells scapulars, key rings, relics, candles and everything relating to catholic iconography. She also has a small business in her home. On Sundays, she sells her items outside of the Montecristi church. Besides selling her items during the festivities of other churches, Cristina travels and during the Christmas season she sells toys, costume jewelry (accessories for women) among other products.

Mrs. Cristina needs the money to expand her business; she travels to the city of Guayaquil to buy things like twine, slippers, and prints to decorate the rooms, a little bit of everything. With each purchase that she does, she spends between 800 and 1500 dollars, her husband and son help her with the business. She has been a member for some 24 years, she joined the bank because some foreigners came to motivate people of low income by letting them know that they could make loans with Espoir Foundation (Kiva’s field partner) and they could start their businesses. She tells us that these people gave them motivational talks and because of them she was encouraged and ever since then she has been a member. Mrs. Cristina remembers that her first loan she received was when the currency was in sucres.

Translated from Spanish by Mayra Duque, Kiva Volunteer