A loan of $900 helped to buy rice, sugar, canned goods, detergent, meat, fish, etc.


Ruth's story

The communal bank "Esperanza y Progreso" meets every two weeks in the Montecristi Canton, which is known for its rich pre-colonial culture and crafts and renowned both nationally and internationally. It is the place of the famous "panama" straw hat. Here we meet Mrs. Ruth who is 47 yeras old. Several years ago her husband passed away and she was left alone with her three children who are now adults. Two of them still live at home and work. She runs a grocery store in her house and also sells bazaar items and ice cream. She works every day from 6:00 a.m. to 10:00 p.m. and also prepares and sells lunches. She says considerable customers come for her delicious meals every day but weekends are when sales are at their highest. She buys the products for her store in Manta. Some are delivered to her store. She has been in business for three years and it is going quite well. This loan is to buy products such as rice, sugar, canned goods, detergent, meat, fish, etc., some of which are also used to prepare food. She's been a member of the communal bank since it was founded, acting as its treasurer, and enjoys the group's close relationship. Her dream is to have good health.

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Translated from Spanish by Kiva volunteer Sherry Bess


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Loan details