A loan of $1,100 helped to purchase trousers, blouses, shirts, and children’s clothing.

Esmeraldas Yasmin'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. Yasmin in this place. She is 41 years old, married, and has two children (ages 19 and 13). The older child is studying at the university while the younger one is in high school. Both of them live with her. Her husband is a fish merchant.

Yasmin sells all types of clothing door-to-door as well as through orders. She works three days each week, mostly in the mornings because the weather is much cooler. Yasmin offers her products on credit and collects payment every fifteen days. Her merchandise is brought in from Guayaquil by her niece. Yasmin says that she started her business thirteen years ago with the first loan she received from the Communal Bank. She thanks God that she has done very well.

This loan will be used to buy more merchandise such as trousers, blouses, shirts, and children’s clothing. She has been with the Communal Bank since the beginning and enjoys having access to the loans for her business.

Her dream is to continue growing her business.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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