A loan of $450 helped comprar zapatos.


Narcisa Esperanza's story

Every 15 days Los Jazmines communal bank meet in the capital city, Portoviejo of the Manabi region which has been known for years as home of the Real Tamarinds.

Narcisa is a 52 year old divorcee who has 2 kids from the marriage. Both children are grown; the eldest daughter and her husband live with her along with Narcisa's two granddaughters who are the light of her life. She sells shoes through catalog and states that in the beginning she solicited the help of a friend to get into the business but was denied; later a daughter-in-law who lives in Quito put her in contact with the company and that's how she got started. Her business has grown in the two years she's been working and has clients who prefer her due to her patience with payments. She works three days a week, spends 3-4 hours delivering and taking payments for her products, works alone, orders product directly from the factory and receives shipment to her home within 4 days.
She will be using the loan to purchase more merchandise and re-gain clients she lost due to a lack of working capital. The communal bank is on its fourth cycle and Narcisa is thankful with the Espoir Foundation because thanks to their first loan she was able to start the business.
Her dream is to purchase a car in order to fulfill her activities.

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Translated from Spanish by Kiva volunteer Gustavo Gutierrez


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