A loan of $550 helped purchase fabric, thread, zippers, buttons, and supplies for manufacturing sportswear.

Rosa Elvira's story

Rosa T. is an active member of the Communal Bank “Feria Libre” (Open Market). She lives in the Cebollar sector of San Pedro, which is known for its beautiful view of the city of Cuenca. Most of its residents engage in agriculture while the young people look for better opportunities in the city.

Rosa is 61 years old and has been separated from her spouse for three years. Her husband abandoned her after she suffered from a stroke and became invalid. Their marriage resulted in ten children, six of whom are married and live independently. Rosa’s other four children (ages 30, 27, 25, and 23) are single and live with her. Her 30 year old daughter works at her own business manufacturing sportswear and helps with the household finances. Her 27 year old son graduated with a degree in economics but has not yet secured a job. Her 25 year old son attends the university and is in his fifth year studying architecture. The youngest daughter is in her third year studying economics. The fruit of Rosa’s work has enabled her to build her own home.

Rosa is dedicated to farming and selling grains and legumes. She also raises chickens and pigs and helps her daughter with her business when she has free time. Rosa is a founding member of her Communal Bank, which she helped to establish twelve years ago with one of her friends. She says that the loans have benefited her by providing education for her children, a home, and a business for her daughter. With her new loan, Rosa will buy fabric, thread, zippers, buttons, and supplies for producing the clothing that her daughter manufactures.

Her goal is to help her daughter with purchasing a car to facilitate delivery of her garments.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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