Total loan: $1,500

Irene Elalith

Portoviejo, Manabí Province, Ecuador / Clothing

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A loan helped to stock her clothing sales business.

Irene Elalith's story

The Las Piedras community bank meets twice a month in the Picoaza neighborhood of Portaviejo, a city known for its happy people, its traditional culture and its Festival of St. Peter and St. Paul. Our member, Sra. Irene, 42, lives with her husband. They have two children, one of whom is grown and in college and the other, 16, in high school. Her husband works on a bus line. Sra. Irene operates a clothing sales business and sells all kinds of clothing. She sells door to door and has a small shop in a space in her house, as well. She works every day. She sells on credit and collects from her customers twice a month. She buys merchandise in Guayaquil once or twice a month, depending on her requirements. She has operated the business for a year now and says that she is happy with her progress. Sra. Irene is applying for a new loan because the last one, she says, was very helpful to her business. She adds that her busienss earnings covered the costs of much needed medical care. She will use this loan to stock her business with pants, blouses, shirts and, most importantly, beachware for the coming summer season. She has been a member of the community bank from the beginning and says that she values the help and attention that it offers its members. For the future, she wants to open her own store.