A loan of $1,100 helped buy cows and pigs.

Gregoria Monserrate's story

The “Mujeres De Riobamba” (Women from Riobamba) Communal Bank meet every two weeks in the city of Portoviejo. Since colonial times this city has been known as the City of the Royal Tamarinds.

This is where we can find Gregoria. She is 41 years old, and she is in a common-law marriage. She has two children, ages 12 and 7. Both of them go to school. Her husband is a merchant; he buys and sells cows and pigs. From Monday through Thursday he goes to farms to buy cows and pigs. He later takes them to the slaughtering centers. Then he distributes the meat to merchants in the city’s markets.

While he does this, Gregoria sells meat by the pound at a place in the Portoviejo market. In the afternoon her husband helps her with the sales.

She will use this loan to buy more cows and pigs for daily sales. She is a founding member of the communal bank. She likes it because the meetings are fun, and she learns a lot in the health talks.

Her dream is to make her house bigger.

Translated from Spanish by Kiva volunteer Ginny Kalish

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