A loan of $1,000 helped to buy clothes, shoes and sandals.

Suzana Elizabeth's story

The “Unión y Desarrollo” (Union and Development) communal bank meets every two weeks in Portoviejo’s Orquídeas neighborhood, a place known for the warmth of its residents and their drive to get ahead.

We met Suzana, 28, here. She is in a common law relationship and has a 2-year-old son. Her husband’s a merchant. She’s been in the communal bank for five cycles and likes it because interest is lower than in other financial institutions and also because of the ease of acquiring loans.

She sells all kinds of clothes, shoes and sandals. She sells door to door and also at home. She tells us that customers place orders since the merchandise she sells comes from Colombia and her customers are delighted because it’s very good quality and because she gives them many payment options. She works every day, sells on credit and collects bi-weekly. She goes to Colombia to buy the merchandise each time she needs to. She’s been in this line of work for five years and does very well.

This loan is to travel to Colombia to buy clothes, shoes and sandals because she already has several pending orders. Her dream is to have a house of her own because where she lives now is rented.

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Translated from Spanish by Kiva volunteer Polliz

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Loan details