Total loan: $1,075
Montecristi, Manabí Province, Ecuador / Manufacturing
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A loan helped to buy tagua palm and other materials to produce buttons.
Lidia Alexandra's story
In Los Bajos de Montecristi, a city known for its great diversity of traditional products such as the straw hats known both in the country and abroad, the members of the 4 De Noviembre communal bank meet every fortnight. Lidia lives here. She is 36 years old and married with three children, who are 13, 11 and 5 years old. The oldest studies in high school and the younger ones in primary school. Her husband is a merchant. Lidia has a small button factory. With the help of previous loans, she bought what was necessary to be able to start her business, and currently she has two machines that create these products. Every week, she turns over her buttons to merchants who then sell them to exporters in the city of Manta, who then bring these buttons to other countries to finish. She works from Monday to Saturday with the help of her sister, who she pays a monthly salary. She has worked in this business for four years, and it is going very well. This loan is to buy tagua palm and other materials to make the buttons. She has been with the communal bank for more than nine years and she likes it for the help and services that the institution offers them. Her dream is to have a much bigger company.