A loan of $1,100 helped to buy perfume, creams, cosmetics and clothing.

Jenny Johanna's story

In the lowlands of Montecristi, a city known for the great diversity of its traditional products such as the woven Panama hats that are famous inside and outside of the country, the communal bank "Madres Unidas" meets every 15 days.

Here we meet Jenny, 22, who is married and has a 6 year-old child who is in school. Her husband works in a factory in Manta. She is studying to become a licensed nurse at the University of Manta.

She is a housewife who, in order to have her own income, has a business selling clothing from a catalog and selling Yanbal products (beauty products, cosmetics, perfumes and women's accessories.) She sells door-to-door, and she works 3 days each week from her house, although every day she takes her products to sell to her classmates at the university. She sells her products on credit, and collects every week or every 15 days. She has been doing this work for 2 years, and it is going very well. She tells us that she started out because her friend invited her to work with Yanbal, and with a loan she was able to get started.

This loan will be used to buy perfumes, creams, cosmetics and all types of clothing. She has been in her communal bank for more than 2 years, and she is the secretary of the bank. She likes it because of the easy credit terms on the loans.

Her dream is to have her own boutique.

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Translated from Spanish by Kiva volunteer Lisa Grobar

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