A loan of $4,200 helped a member to buy perfume, costume jewelry, cosmetics, creams, articles for the home and clothes.

Mujeres En Progreso (Manta) Group's story

The members of the Mujeres En Progreso (Women in Progress) communal bank meet every two weeks in the María Auxiliadora neighborhood in the beautiful city of Manta, known for its beautiful beaches that are much visited by local and foreign tourists alike. Said members have a variety of activities like general commerce, services and fishing. Some time ago they combined their efforts to access Fundación Espoir’s benefits. This is their third cycle in the communal bank and they are very happy because through the loans they have been able to finance their businesses.

We found Estrella, 30, in this place. She is in a common law relationship and has three children who are 9, 6 and 4 years of age. The two oldest are in school. Her husband works at the Manta Municipal Slaughterhouse.

She sells Avon, L’Bel and Sayson products (beauty products, cosmetics, perfumes and women’s accessories). She also sells clothes and articles for the home (irons, blenders, toasters, among others) via savings books. She works daily from 8:30 until 5:00. She sells door to door and on order. She sells on credit and collects on perfumes in two payments and on the home articles weekly. She tells us that she’s been in this line of work for several years and has done very well, much better still since she took out her first loan.

She will use this loan to buy perfume, costume jewelry, cosmetics, creams, articles for the home and clothes. She has been in the communal bank for three cycles. She is the bank President and she likes it because of the help it provides her and her fellow members. Her dream is to see her children attain a good education.

In this group: Estrella Fabiola, Patricia Jaqueline, Jasmin Elizabeth, Evelyn Verónica, Mayra Elizabeth, Nelson Aquiles*, Victoria Carolina, Mónica Rocio, Blanca Magdalena*, María Angela, María Auxiliadora, Sandra Jaqueline, Victoria Alexandra, María Lorena, Nereida Elizabeth, Angélica Roxana, Ramón Dario, María Clemencia

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Translated from Spanish by Kiva volunteer Polliz

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