A loan of $1,000 helped to buy raw material (such as sponge, cloth, nails and contact cement) and wood for her workshop.

Julia Teresa's story

Julia Teresa is a member of the community bank El Arenal, which meets at the office of Fundación Espoir every two weeks. She lives in the city of Cuenca, a beautiful colonial city in southern Ecuador. She turned 33 years old on the date of this interview. She is married and has two daughters. Her husband is a good man, his name is Lauro, he works as an upholsterer. They live in a rented house. Her daughters are currently attending school "Juan de Saber", for her, this is the most important thing.

When Julia met her husband, he already had his own business, but she says she is not married for money but for love. Now she helps him in his workshop by cutting and sewing fabric and foam. Moreover, she has also learned how to reupholster. Her brother-in-law, Segundo, helps them with the work. She works Monday through Friday from 8am to 6pm and until noon on Saturdays. The advantage of this business is being able to work together as a family, says Julia, as well as spending time together on the weekends.

She is asking for this loan in order to buy raw material (such as sponge, cloth, nails and contact cement) and wood for her workshop. We have been very satisfied with her previous loans, and she has always paid on time, even when she was in need. She has been a member of the community bank for one and a half years. She was introduced to the bank by another member and she liked the meeting and decided to join the group. She likes the lessons on how to apply the loans and how to be a responsible member.

Her goal for the future is to own a home, educate her daughters and that her husband remains by her side.

Translated from Spanish by Kiva volunteer Mariana Hungria

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