A loan of $775 helped purchase all types of clothing.

Nury Emperatriz's story

The Picoaza Communal Bank meets every fifteen days in Picoaza Parish in the city of Portoviejo. This place is known for being a commercial area, its traditional festivals in honor of St. Peter and St. Paul, and the rich cultural history contained within its mountains.

Sra. Nury is a founding member of the Communal Bank and enjoys the availability of loans and benefits that Fundación ESPOIR provides to its members. She is 51 years old and was married for several years before her husband passed away. This relationship resulted in five children, four of whom are adults. The youngest child is still a minor and lives with her.

Nury is a merchant, selling all types of clothing door-to-door. She also has several customers who place orders with her for these products. Nury works Wednesday through Sunday. She offers her products on credit and collects payments on Saturdays. Nury says she has been in this business for 15 years and has done well because of her customers. She buys her merchandise in Guayaquil at the end of the month.

This loan will be used to buy merchandise in Guayaquil. Her dreams include finishing the construction of her house and establishing a small store in her home.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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