A loan of $1,000 helped to purchase groceries, fruits, and vegetables.

Martha Yolanda's story

The Los Corrales communal bank meets every 15 days in a place called Los Corrales, a few minutes from Montecristi, a city with a rich prehistoric culture. In this area, the majority of the people have different businesses such as handicrafts and general commerce.

For Martha, this is her fourth loan cycle with the communal bank and she likes the reliability of both her fellow group members and the lending institution because they receive the loans on time and receive what they need. Martha is 53 years old, married, and has four children with her husband. Three of her children are already older and her 17-year-old daughter still lives with her and is in high school. Her husband is a fruit salesman at the Manta market.

She has a small dining area in her house which she attends to on Saturdays and Sundays from 7am to 6pm. The dish that she sells the most is cuajada (a curd made from preparing cheese). Her daughter helps her with this since her husband works every day at his fruit and vegetable business.

Half of the loan is for the food business to purchase products to make the dishes, and the other part is for her husband’s business. Her dream is to have a larger place for her business.

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Translated from Spanish by Kiva volunteer Kathleen O'Connell

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