Total loan: $2,700

Carolina's Communal Bank Group

Flag of Ecuador
San Lorenzo, Esmeraldas Province, Ecuador / Retail

Carolina's Communal Bank Group's loan finished fundraising,
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A loan helped to purchase a wider variety of merchandise to stock her store.

Carolina's Communal Bank Group's story

Carolina is the president of a communal bank that consists of seven people, five of whom are women. Carolina is 20 years old and lives in San Lorenzo in northwest Ecuador. She is unmarried and lives with her parents. Her business, pictured in the photo, is a small general store in which she sells necessities such as cooking oil, canned food, toothbrushes, and selected over-the-counter medicines to meet the needs of her customers. Carolina works alone and reports that her business is going well. She is seeking this loan, her first, to purchase more products for her store to provide more variety to her customers. She hopes that this loan will help her increase her business. She is a young entrepreneur who began this business on her own and is working to see it grow.