A loan of $1,050 helped for the purchase of more merchandise, especially household items, such as sheets by the dozen.


Nancy Narcisa's story

Nancy is 52 years old, she is married, and has 5 adult children who have their own families. She has 12 grandchildren: 10 boys and 2 girls. She has several small businesses: she works as a seamstress, sells cheese, and buys and sells clothing and household items (buckets, washtubs, sheets, etc.). She works in Jipijapa and also in Guayaquil; she works as a seamstress for a plastics factory in Guayaquil and makes clothes for dolls. She can do the work wherever she likes, so she generally works from her house in Jipijapa, where she has several sewing machines. She travels to Guayaquil to deliver her work. She has been doing this for 18 years and she says she loves to sew. She also does work by request, mostly suits and dresses for women. She sells cheese in the following way: she buys around 50 to 70 pounds of cheese at once, at $1.30 per pound, and then divides it into one-pound packages which she re-sells at $1.80. She is requesting a loan to buy more merchandise, especially household items such as sheets by the dozen. She sells her merchandise on credit. Her goal for the future is buy a piece of land in Guayaquil and build a house so she can live there. Nancy is a member of the “Nuevos Horizontes” (New Horizons) communal bank, which meets every 2 weeks in Jipijapa, Manabí, near the Ecuadorian coast. It is a big group because it has been working with the foundation for a long time. The members get along together very well. Nancy has been with the communal bank for three loan cycles; she had been a member previously, and she decided to participate again because someone stole one of her sewing machines and she wanted to buy another one. She is glad she came back to the communal bank and she plans to remain a member for a long time. She has never had serious problems in repaying her debts; a few times she has gotten a little behind, but she always pays 100% of her loan by the end of the loan cycle.

Translated from Spanish by Kiva volunteer Jennifer Day


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