A loan of $1,100 helped to buy chemical products, seeds, and fertilizers, etc.

María Monserrate's story

The 100% Charapote Communal Bank meets in the city of Charapoto every two weeks. This place is known for its traditional culture. It is also known for being a few minutes from two of the best beaches, San Jacinto and San Clemente, in the province.

This is where we find María. She is 27 years old, single, and lives in her relatives’ house. This is her third cycle in the communal bank. She likes it because the interest is lower than it is with other banks.

She works as a domestic employee, and she also has a business with her brother. They sell chemical products and agricultural supplies like seeds and fertilizers. They work every day from 8:00 a.m. until 6:00 p.m. On Saturdays and Sundays they work until midday. Fertilizers and seeds are what are sold the most. They get their products from chemical laboratories in Guayaquil.

This loan is to buy seeds, fertilizers, chemicals and other things. Her dream is to have her own house.

Translated from Spanish by Kiva volunteer Ginny Kalish

Loan details

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Loan details