A loan of $1,000 helped to buy rice, sugar, oil, cold cuts,detergents and other essential household products.

Fanny Narcisa's story

Every two weeks, the Nuevo Amanecer (New Dawn) community bank meets in Bajo de Montecristi, in Manabí province. It is a small place which is surrounded by vegetation. The locals are engaged in different business activities such as selling merchandise or working in factories.

Here we meet 39 year-old Fanny who is married and has two children aged 9 and 5 who are both in school. Her husband is a teacher in a local elementary school.

Fanny is a teacher in an elementary school in Montecristi but she also has a grocery store in her home. As well as selling household essentials, she also sells other miscellaneous products. She opens her store from 1.00pm to 9.00pm since she has to go and give classes at school in the mornings. On weekends, she opens her store all day. She tells us that she has run her store for 15 years and she started it with her first loan.

Fanny will use this loan to further stock her store. She will buy rice, sugar, oil, detergents, cold cuts and other essential household products. She has been a member of her community bank for 15 years. She is one of the bank's founding members. She likes being a member because of the benefits that she has received from the institution.

Fanny's goal is to continue growing in her business.

Translated from Spanish by Kiva volunteer Linda Oxnard

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