A loan of $1,100 helped purchase of rice, sugar, salt, bread, and other basic products for retail sale.


Ana Maria's story

Mrs. Ana María L. C. is a member of the Picoaza Communal Bank. This communal bank is made up of women of all ages. Picoaza is a small town located ten minutes north of Portoviejo, in the province of Manabi on the coast of Ecuador. This province is well know for its cuisine, its beaches, and ceibo trees (trees unique to this region). This area is not an exception though, and is very commercial: here there are a lot of distributors of agricultural products, consumer goods, clothing, etc.

Ana María's husband is a bus driver in Portoviejo. The couple lives with their son and their grandson Wilmer. Our member has a small store where she sells groceries and also prepares food to sell to neighbors and other people from the area. She tells us she started this business to help her family during these difficult times.

Ana María likes to work with Fundación ESPOIR because of the benefits it offers compared to its competitors. She says the education that all the members receive teaches them more about family planning and finance, and how to invest their money. The funds from this loan will be invested in the business through the purchase of rice, sugar, salt, bread, and other basic products.

Translated from Spanish by Kiva volunteer Kevin Credo


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Loan details