A loan of $900 helped purchase fabrics, thread, buttons, zippers, etc.

Margarita Cecilia'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 recognized on a national and international level. It's also famous for its Panama hats. It is here we find Margarita, a 38-year-old married mother of three children, ages 16, 9 and 8, who are all in school. Her husband is a locksmith. Margarita works as a teacher at a local school, but she also has a small sewing shop where for many years she has made a living sewing all kinds of clothing. She works based on orders from individuals who require her services. She works every day from 6 a.m. until 10 p.m., sometimes even later when she has orders to fulfill. She plans to use this loan to purchase fabric and other sewing supplies. She has had 14 loans with this community bank, and she likes it because the credits are quick without much paperwork. Her dream is to have a bigger sewing shop as well as a warehouse in the city center where she could sell her items.

Translated from Spanish by Kiva volunteer Marty Greenstein

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