A loan of $1,100 helped buy rice, sugar, cooking oils, detergents, cold cuts and bazaar items.

Martha Verónica's story

The members of the Light of America Cooperative Bank meet every fifteen days in the city of Portoviejo, capital of Manabí, known as the city of the royal tamarinds.

Here is where we find Martha, 31 years of age; she is in a common-law marriage that has resulted in two children ages 10 and 5 who are both in school. Her husband has a taxi and is a merchant. She was born in Guayaquil, but came to live in this beautiful city six years ago.

She has a grocery store in her home where she sells rice, sugar, cooking oils, detergents, and even bazaar items. She works every day from 6:00 am to 8:00 pm, and sometimes even later. She tells us she’s been in business for six years, and that things have gone very well. She buys her products in Portoviejo, although she receives most items in her locale.

This loan will be used to better supply her store. She is going to buy rice, sugar, cooking oil, detergent, cold cuts and bazaar items. She has been a member of the cooperative bank for 3 years and enjoys it because, through the loans, she has been able to finance her business.

Her dream is to have her own location as she currently rents.

Translated from Spanish by Kiva volunteer

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