A loan of $1,100 helped to buy 'tagua'.

Joselo Ernesto's story

Every two weeks, the Virgen del Rosario community bank meets in Colorado, in Montecristi canton. This area is known for its rich pre-colonial culture and its handicrafts which are nationally and internationally renowned. Most of the people work making buttons from 'tagua', making handicrafts and engaging in general commercial activities.

Here we chat to 32 year-old Joselo who is married and has two children aged 7 and 2. His eldest child is in school. Joselo's wife is a very good homemaker and she also helps him in his work.

Joselo makes handicrafts. He owns a lathe (a machine for cutting 'tagua') which he uses to make buttons but crudely. He tells us that every weekend he takes what he has made to the city of Manta and delivers his products to salespeople who export them to other countries where they are finished off and then sold. Joselo works from Monday to Friday, eight hours a day, with the help of his wife. He buys his raw materials in a warehouse in his town where they sell at a good price.

Joselo will use this loan to buy 'tagua' for making buttons. He has been a member of his community bank for five loan cycles and he likes it because the loans are quick.

Joselo's dream is to continue growing in his business.

Translated from Spanish by Kiva volunteer Linda Oxnard

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