A loan of $675 helped to purchase perfumes, creams, cosmetics and women's underwear.

Verónica Johanna's story

The Banco Comunal 1 De Agosto (1st of August Communal Bank) meets every fifteen days in the canton of Montecristi, which is known for its rich pre-colonial culture and nationally and internationally recognized handicrafts. The place is famous for Panama hats.

In this place we meet Señora Verónica. She is 26 years old, married and has two children from this relationship, ages 7 and 4. The older attends school. Her husband works in a business in Manta.

She is a housewife and, in order to obtain her own income, engages in catalogue sales of clothing and Yanbal products (beauty products, cosmetics, perfumes and women’s accessories). She also sells women’s underwear. She works five days a week in the mornings, taking advantage of the fact that one of her children is in school and the other is easier to take care of. She sells her products on credit and collects payment each week or every fifteen days, according to the desires of her customers. She receives the products at her house and buys the underwear in Manta.

This loan is for purchasing perfume, creams, cosmetics and underwear. This is her third cycle in the communal bank. She likes it because the payments are easy to make. Her dream is to have a boutique.

Translated from Spanish by Kiva volunteer Rick & Pat Brown

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Loan details