A loan of $775 helped to purchase perfumes, crèmes, cosmetics, and clothing.


Placida Monserrate's story

The members of the Communal Bank “Mujeres Con Esperanza” (Women with Hope) meet every 15 days in the city of Portoviejo, the capital of Manabí. Portoviejo has been known for many years as the city of “Los Reales Tamarindos” because of the large quantities of tamarind fruit that are produced this time of year.

It is in this place that one can meet Sra. Placida. She is 40 years old, in a common-law relationship, and has a six-year-old son who is in school. Her husband is in the navy.

Placida is a homemaker who earns her own income by selling all types of clothing and products made by Oriflame (beauty products, cosmetics, perfumes, and women’s accessories). She works three days a week, offering her products on credit and collecting payments on a weekly basis. The Oriflame products are shipped to her home and Placida buys clothes in Guayaquil as often as necessary. She has been in business for six years and has done very well. Placida has plans of opening a “cevicheria” (a restaurant that serves marinated seafood) in the central part of the city and hopes that it will become a reality soon.

This loan will be used to buy perfumes, crèmes, cosmetics, and clothing. She has been with the Communal Bank for six years and enjoys being a member because the loans have been a great help in financing her business.

Her dream is to open a “cevicheria” in the central part of town.

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Translated from Spanish by Kiva volunteer Ronan Reodica


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