A loan of $1,000 helped to purchase plantains, cooking oil, salt and other supplies.

Teresa Margarita's story

The members of the cooperative bank Mujeres Organizadas (“Organized Women”) meet every fifteen days in the zone of Rocafuerte. This place is known for its delicious sweets, which are made by area residents and recognized throughout the country.

This is where we find Teresa, who is 54 years old and a widow for several years. However, from her marriage, she has two grown children. She is caring for a 16-year old grandson, who is like her own son, and who is in school.

In addition to being a homemaker, she also has a small workshop where she makes and sells chifles (fried plantain chips) and prepared foods. She works every day from 6 am, making the chifles and then, with the help of her grandson, delivering them to different locations in Rocafuerte. She sells to food stands and stores. She sells the food in the afternoons.

This loan is to buy plantains, cooking oil, and other ingredients for making the chifles and the other foods she sells. She has been with the cooperative bank since its inception, and she likes it because the loan interest rates are much lower than other banks. Her dream is to have a micro-enterprise with machinery.

Translated from Spanish

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Loan details