A loan of $4,475 helped a member to buy glasses, hats, and artisan crafts.

Amigos Unidos (Portoviejo) Group's story

The communal bank “Amigos Unidos” or “United Friends” meets every fifteen days in Cantón Montecristi, known for its rich pre-colonial history and artisan crafts, which are recognized both nationally and internationally. It is the home of the famous straw panama hat.

This group of people decided to unite two loan cycles ago and formed the communal bank that has helped them a lot. With the loans, they have been able to improve their status in life and finance their businesses. Most people in the group make and sell artisan crafts.

Rosa is one of the twelve members of the group. She is 34 years old, and is married with two children, ages 14 and 9, who study in school. Her husband works in retail. This is her second loan with the communal bank and she likes the help the institution offers.

She is a very good housewife who takes care of the loans for her husband. He sells glasses, hats, and artisan crafts from the neighborhood. He sells products all around the city and makes the most of when tourists visit because then he sells a lot of products. He gets his products from Guayaquil and has been selling for over fifteen years.

This loan is to buy sunglasses, hats, and artisan crafts. Rosa’s dream is that her children never lack anything.

In this group: Isadora Rosario, Belgica Viviana, Genny María, Ana María, Letty Magaly, Rosa Margarita, Gloria Aida, María Fernanda, María Jakeline, Carlos Ronald, Manuel Jorge, Cecilia Isabel

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Translated from Spanish by Kiva volunteer Molly Jones

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