A loan of $675 helped purchase perfumes, lotions and cosmetics.

Débora Herminia's story

The Por Un Nuevo Amanecer (For A New Dawn) Community Bank meets every 15 days in the village of Montecristi, which is known for its rich precolonial culture and its handicrafts that are recognized on a national and international level. It is also famous for making Panama hats. It's here we find Débora, a 42-year-old mother of four children who lives with her common-law husband. Three of her children are adults, while the youngest is 9. All four live with her, and two are attending the university and in school. Her husband is an official for a bus cooperative in Montecrisit. Débora works for a company in the city of Manta, but she also makes a living selling Avon beauty products (cosmetics, perfumes and women's accessories). She works every day in the evenings, and her daughters also help her with the sales. She takes the products on credit, which she pays off every week. She tells us she started the business a year ago with a loan she received from Kiva partner Fundación Espoir and that it has gone very well because she has earned a new source of income that has helped a lot with household expenses. With this loan she plans to purchase perfumes, lotions and cosmetics. This is her third loan with the community bank and she likes it because the payments are easy to make. Her dream is to have a store where she can start a bookshop.

Translated from Spanish by Kiva volunteer Marty Greenstein

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