A loan of $950 helped to purchase rice, sugar, oil, and school supplies.

Lexy Lorena's story

The Communal Bank “Camino al Progreso” (Road to Progress) meets every fifteen days in the canton of Montecristi. This place is known for its rich pre-colonial culture and its handicrafts that have been recognized on a national and international level. It is also where the famous Panama hats are made.

One can meet Sra. Lexy in this place. She is 22 years old, single, and lives at home with her parents. She is studying for her Bachelors of Science degree in Education at the University of Manta. Lexy has been with the Communal Bank for two years and enjoys the fact that she has been able to continue with her business and her studies at the same time.

She manages a grocery store in her home where she sells basic necessities as well as bazaar items, school supplies, ice cream, and other products. Lexy works every day from 6:30am to 4pm before leaving for her classes at the University where she is continuing to prepare for her future. Her father continues to manage the store until 8pm. She says that she has worked in her store for five years and has done very well. With this business, Lexy has been able to help her parents and pay for her education.

This loan will be used to restock her store. She will buy rice, sugar, oil, and more school supplies since classes have already started. Her goals are to move forward in her business and finish her degree.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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