A loan of $775 helped to buy rice, sugar, oil, detergents, cured meats and other basic need items.

Luz María's story

The “La Inmaculada” communal bank meets every two weeks in the city of Tosagua, a place known for being very dynamic most of whose residents raise animals and are farmers because it’s an area with much vegetation.

We met Luz in this place. She’s 44 years old and a single mother of four children who are 28, 27, 20 and 19 years of age. They all live together in their house and the youngest is going to the university.

She has a home-based grocery store. She sells products like rice, sugar, oil, detergents, etc. She is open every day from 6am until 8pm and sometimes even later. Her children help her with the work. She buys her stock items in downtown Tosagua although most of her merchandise is delivered to the store. She tells us that she’s been in business two years and that she started it with the first loan she got from the bank.

This loan will be used to better stock the store. She will buy rice, sugar, oil, detergents, cured meats and other basic need products.

She’s been in the communal bank for three cycles and she likes it because she’s made many friends in the group. Her goals are to stay in business and that her store grows more every day.

Translator profile picture

Translated from Spanish by Kiva volunteer Polliz

Loan details

Lenders and lending teams

Loan details