A loan of $1,175 helped to buy rice, sugar, detergents, cooking oil, cold cuts, and other basic needs products for her store.

Elsa Telesilda's story

The cooperative bank San Juan meets every 15 days in the San Juan neighborhood, located in the city of Manta. This is an area known for its beautiful beaches, which are very popular year-round by both local and foreign tourists. The majority of the residents dedicate themselves to fishing and tasks related to the sea.

Elsa is a founding member of the cooperative bank, and she enjoys everything about it, especially how it facilitates access to credit. She is 48 years old, married, and has three children. Two of them are now grown, and she an 8-year old daughter who is her whole life and studying in school. They all still live with her, and her husband is a driver.

She is a homemaker, and also has a grocery store where she works every day from 7:00 am until 9:00 pm. Sometimes, she works later since the business is located in her house. Her children and husband help her when they have free time. She buys some of her products in Manta, and other items locally. She tells us her business has been going for 18 years and, thanks to God, it has always done well.

She will use this loan to better supply her business, by buying items such as rice, sugar, cooking oil, detergents, cold cuts, and other basic needs products. Her goal is to continue to help her business get ahead, and to grow her store more each day.

Translated from Spanish by Kiva volunteer

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