A loan of $3,975 helped a member to buy pants, t-shirts, blouses and children's clothes.

Santo Domingo (Portoviejo) Group's story

The “Santo Domingo” communal bank meets every two weeks in the outskirts of Junín Canton. This city is known for its kind, hard working people and because it’s here that the province’s and Ecuador’s best aguardiente (alcoholic spirits) is distilled.

This is a group of people that decided to join together and form this communal bank which is very useful for them because they can improve their small businesses with the loans. They are in a variety of activities like commerce, services and food sales, among other activities.

We met Letty, 33, here. She’s in a common law relationship and has two children who are 14 and 12 years of age and in school. Her husband’s a merchant. She is studying Nursing. She’s in the 6th year at university but she only attends Saturdays and Sundays.

In addition to her studies, she’s also in commerce. She sells all types of clothes door to door and takes advantage of the weekends to sell to her classmates and acquaintances. Three days a week she also sells throughout the city especially during the morning when her children are in school. In the afternoons she cares for her children. She tells us that she’s had the business for a year and plans to use this loan to go to Guayaquil to buy more merchandise. She is going to use this loan to buy pants, blouses, t-shirts and children’s clothes. This is her first cycle in the communal bank and she likes the ease with which loans are obtained.

Her dreams are seeing her children complete their schooling and become good professionals.

In this group: María Eugenia, Rosaly Isabel, Lourdes Monserrate, Jahaira Elizabeth, María Elena, Luisa Elizabeth, Clara, Rafael Vinicio, Letty Guadalupe, Ana Patricia, Angela Piedad, Cesar Alfonso, Miriam Madeline

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Translated from Spanish by Kiva volunteer Polliz

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