A loan of $675 helped to buy hairbands, cards, stuffed toys, etc.

Charito Monserrate's story

Every two weeks, the members of the 'Subidita al Cielo' community bank meet in a sector known as 'Subidita al Cielo', in San Pablo neighborhood, in the city of Portoviejo. This is a very densely-populated, poor urban area.

Here we meet 40 year-old Charito who lives with her common-law husband and has five children aged 24, 18, 14, 9 and 4. Her children are currently attending university, high school, elementary school and nursery school. Her husband is a radio engineer.

Our friend tells us that, in order to help her husband with the arduous task of supporting their household and covering their children's expenses, six years ago she set up a small store in her home where she sells all kinds of products. On weekends, she travels to Santa Ana and Calderón parishes. She makes the most of the fact that Saturdays and Sundays are market days in these areas and she sets up a small stall where she sells her merchandise. She buys her products in the city of Guayaquil as she can buy a wider range of products there at lower prices.

Charito will use this loan to buy more products such as hairbands, cards, stuffed toys, costume jewelry, etc. Charito is a founding member of her community bank. She is the bank's treasurer and she likes it because she has been able to increase her business thanks to the loans that she has received.

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

Translated from Spanish by Kiva volunteer Linda Oxnard

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