100%

funded

Total loan: $1,100

Mercedes Giannine

Flag of Ecuador
Portoviejo, Manabí Province, Ecuador / Food

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A loan helped to buy rice, sugar, peanuts, lentils, etc.


Mercedes Giannine's story

The communal bank Picoaza meets every 15 days in the Picoaza parish in the city of Portoviejo, an area known for its commercial activities, for the traditional celebrations of San Pedro and San Pablo, and for the rich cultural history found in its mountains. Here lives Mercedes. She is 31 years old, in a common law marriage, and has three children aged 10, 9, and 8 who study in school. Her husband is in the military. In order to earn something of her own and to entertain herself, she works in commerce. She has a shop in her home in which she sells grains such as rice, sugar, peanuts, lentils, and other things. She works every day from 8:00am until 6:00pm. She says she has many clients. She also sells phone cards and recharges phones, giving her extra income. She says that it’s a way to earn something without leaving her house and to tend to her young children’s needs. She has had this business for two years, and it’s gone very well. This loan is to buy rice, sugar, peanuts, lentils, and other things. She is the founder of the communal bank, and she is the secretary of the bank. She enjoys it because the loans have allowed her to further expand her business. Her dream is to have a store in the center of the city.