A loan of $450 helped to buy tables, chairs and ingredients.

Gregoria Magdalena's story

There are records of Picoaza as one of the aboriginal settlements of the Manta people. It is an urban parish, situated just 10 minutes from the city of Portoviejo, the capital of Manabí province, and it is full of history. It is also where the members of the María Asunción Communal Bank meet every 5 days.

Señora Magdalena is 58 years old. She is married and has three children, themselves grown up and married now. Her 10 year old grandson lives with her, however, and she adores him. Her husband is a businessman, selling juices and soft drinks in the city centre.

She has a small eatery in her house, where she serves empanadas, corviche and other local dishes. She works every day, selling from 4pm-7pm but preparing food from 12 noon.

This loan is to buy tables and chairs, which she doesn't have at present, and ingredients for preparing her food. She has been in the Communal Bank for over 10 years and is very happy with the support she has received from Fundación Espoir.

Her dream is to have a larger business.

Translated from Spanish by Kiva volunteer Rosa Oswald

Loan details

Lenders and lending teams

Loan details