A loan of $1,100 helped to buy women's clothing.

Carmen Annabell's story

The “El Pedregal” communal bank meets every two weeks in El Pedregal in Picoaza parish, city of Portoviejo. This is a very commercial zone well known for its traditional festival of Saints Peter and Paul and for the cheerfulness of its people.

This is where we found Carmen, 24. She is in a common law relationship and has four children. Her husband is a merchant. She’s been in the communal bank for over 6 years and she likes it because thanks to the loans he’s been able to expand her business day by day.

She sells all kinds of clothes door to door. She also sells from home where her customers come by to buy her products. She works three days a week. She provides her goods on credit and collects biweekly. She buys her merchandise in Guayaquil every two weeks or monthly depending on need.

This loan is to buy more clothes, especially women’s clothes. Her dream is to finish building her house that’s still under construction.

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Translated from Spanish by Kiva volunteer Polliz

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Loan details