Total loan: $750
Portoviejo, Manabí Province, Ecuador / Manufacturing
Herminda's loan finished fundraising,
but these similar borrowers just need a little more help to reach their goals!
A loan helped to buy iron, welding materials and paints.
Picoaza is recorded in books as one of the indigenous towns that is part of the Manteña culture. This urban parish is situated only 10 minutes from the city of Portoviejo, the capital of the Manabi province. It's a place full of history, where the members of the communal bank Maria Asuncion meet twice a month. Here we meet Herminda, aged 76. She is married, and has 9 children from this relationship. All of her children are now adults and are independent, though they live quite close to her. Her husband no longer works because he is ill. Herminda is taking a loan to invest in a metal shop that she has in her house with one of her children. She tells us that her husband had this business, but because of his illness he had to leave it. Now her son is in charge of the work, and she receives part of the earnings based on the investment she makes in materials. This is how she and her husband get by. In the workshop, they do a lot of work with metal, aluminum and glass, building doors, windows, structures and a variety of other things. She has had this workshop for more than 20 years. Her husband worked in it, and thanks to God it always has done well. This loan will be used to buy iron, welding materials and paints for her workshop. She has been with her communal bank from the start, and she likes it because of the help that they have given her over all of this time. Her dream is to continue to move forward.