A loan of $775 helped to buy paper, scrap metal, etc. for recycling business.

Ana Magdalena's story

The San Juan community bank meets every 15 days in the San Juan neighborhood of Manta. The Ecuadorean city of Manta is known for its beautiful beaches and is much visited by both local and foreign tourists at all times of the year. Most local people earn a living from fishing and other related occupations.

Our member, Ana, is 35 years old. She has been married for 11 years and has three children who are 11-, 8- and 6-years old, respectively. All the children are in school.

Ana and her husband makes a living from buying and selling recyclables. They work together, buying recyclable materials--cardboard, scrap metal, aluminum, plastics, etc.--that are ultimately purchased by companies that buy recyclables. Ana and her husband work every day from 9:00am to 7:00pm. They buy recyclables locally and deliver what the collect, in bulk, to merchants who sell the materials on to the companies.

Ana will use this loan to buy recyclable materials--cardboard, scrap metal, etc.--for her business. She has been a member of the community bank for two funding rounds. She likes her bank because they don't care how someone makes a living, just that they do something productive and to the credit of all the bank's members.

Ana's dream is buy a car (or, possibly, cart) that she can use to deliver the materials she collects directly to the recycling companies.

Translator profile picture

Translated from Spanish by Kiva volunteer Jere Wiseman

Loan details

Lenders and lending teams

Loan details