A loan of $1,100 helped to buy seeds and agricultural supplies, and to pay workers.


Idalia Asunción's story

The La Sequita community bank meets in Sequita parish, in Montecristi, a prosperous canton in Manabí. The locals are very hard-working people who are devoted to their families and very proud of their roots.

Idalia is a founding member of her community bank and she likes it because the interest rates are lower than those of other loan institutions. Idalia is 53 years old, married, and has 10 children. Nine of her children are already grown up and her youngest is 16 years old and attending high school. Seven of her children are single and live with her. Her husband is a farmer.

Idalia and her husband, with the help of their children, grow all kinds of vegetables, corn and fruit such as melon and watermelon. They work from Monday to Friday, from 6.30am to 12.00pm and then from 1.00pm to 3.00pm, growing their crops. Idalia's husband goes out on his three-wheeled vehicle through the streets of Montecristi three days a week in order to sell their own produce and additional produce which they buy in Portoviejo market. He does this on Fridays, Saturdays and Sundays, from 5.00am to 2.00pm.

Idalia will use this loan to buy seeds and agricultural supplies, and to pay some workers as she had to hire people to help with their weeding. Idalia's dream is to some day own her own property.

Translated from Spanish by Kiva volunteer Linda Oxnard


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