Total loan: $900
Montecristi, Manabí Province, Ecuador / Retail
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A loan helped To buy perfume, jewellery, cosmetics and creams.
Gloria Elizabeth's story
Los Bajos de Montecristi is a city known for its great diversity of traditional products. These include toquilla straw hats (also known as Panama hats), which are famous both inside and outside the country. The members of the Mi Banquito communal bank in that city meet every 15 days. Here we meet Mrs. Gloria, 32, who is married and has a five-year-old son. Her husband is a craftman who works with ivory palm. She sells Avon and Yanbal (beauty products, cosmetics, perfumes and ladies' accessories) by catalogue. She works three days a week during the cool morning hours and in the evening when her customers are home from work. This way her husband can take care of their son. She sells door-to-door on an order basis, issuing credit and collecting payment weekly. For seven years she has been in business. She is taking out another loan through the institution because the support has helped her family economic situation. Many times a lack of resources can cause family problems. Her business has done well, especially this month when people are buying gifts. She is committed to paying back the loan on time. With the new loan she will be able to advance in her business and personal life. She is thankful for her health and hopes to be able to continue depending on the institution and Kiva. This loan will be used to buy perfumes, jewelry, cosmetics and creams. Her goal is to have a car and fix up her house.