A loan of $550 helped to buy sheets, curtains, irons, and blenders, etc.


Carmen Marilu's story

The members of the “La Unión Hace La Fureza” (Strength Through Unity) Communal Bank meet every two weeks in the Rocafuerte canton. This place is known for the delicious sweets that its inhabitants make. The sweets are known throughout the whole country. This is where we find Carmen. She is the single mother of a seven year old daughter who goes to school. She lives in her parents’ house. In order to be able to get her daughter ahead and not be dependent upon anyone, she started a business selling sheets and curtains. She also sells household items like irons, blenders, and bedroom accessories, etc. She sells products from a large chain store. She works three days a week on deliveries and collections. She gives credit, and she collects every week. She has been doing this for five years, and it has gone well for her. She will use this loan to buy sheets, curtains, and other household items. This is her second cycle with the communal bank. She likes it because of the loans and the ease of getting a loan. Her dream is to have her own house.

Translated from Spanish by Kiva volunteer Ginny Kalish


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Loan details