A loan of $1,000 helped to buy perfume, creams, cosmetics and clothes.

Moserrate Lourdes's story

En el sitio la pila del cantón Montecristi se reúne cada quince días el Banco Comunal Para el Futuro De la Mujer. Este lugar es muy conocido en la provincia y en el país por su rica cultura tradicional, donde se puede encontrar una gran variedad de artesanía que son elaboradas por sus habitantes siguiendo las costumbres tradicionales.

The “Futuro de la Mujer” (Woman’s Future) communal bank meets every two weeks in La Pila, Montecristi Canton. This place is very well known in the province and in the nation for its rich cultural tradition where one can find a great variety of crafts that are made by the residents following traditional customs.

We met Monserrate, 31, here. She is single and living in her parents’ house. She is studying International Commerce at Manta’s Eloy Alfaro University. She’s been in the communal bank for 5 years and she likes the loans because they help finance her business.

Besides her studies she sells all types of clothes and Yanbal brand products (beauty products, cosmetics, perfumes and women’s accessories). She works three or four days a week. Besides selling among her community she also sells to her classmates. She leaves her items on credit and collects weekly. She receives her products at home and the clothes she buys in Guayaquil, which is where they are less expensive, at the end of each month. She’s been in business for ten years and does very well.

This loan is to buy perfume, creams, cosmetics and clothes of all types. Her dream is to own her own business.

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Translated from Spanish by Kiva volunteer Polliz

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