Total loan: $450

María Elena

Flag of Ecuador
Portoviejo, Manabí Province, Ecuador / Food

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A loan helped To buy meat, fruit and a blender.

María Elena's story

The Francisco Pacheco communal bank meets every two weeks in Portoviejo’s Francisco Pacheco neighborhood which is a marginal, very crowded urban zone in this city. Life has been very difficult for María since her husband and companion of many years died and left her with 9 children to care for. Today, six of them are already adult and independent. She lives only with her three youngest daughters who are in the last years of high school. She and her daughters live in her mother’s house. Every afternoon she sets up a small stand where she sells fried pork rinds, turnovers and “corviches” (deep-fried dumplings stuffed with fish and bananas served with peanut sauce) as well as delicious blended fruit drinks. She is open for business from 3pm until 7pm. Her daughters help out once they get home from school. She has been in the communal bank for three cycles and is very happy because she has been able to improve her business thanks to the loans. She used the most recent loan to buy a blender to start selling blended fruit drinks which produced more profits for her. This loan will be used to buy another blender that she needs very much and to buy meat and fruit. Her dream is that her daughters become professionals and to have a house of her own.