A loan of $3,650 helped a member to buy shoes.

Nuevo Paraiso (Portoviejo) Group's story

Every two weeks the members of the “Nuevo Paraíso” (New Paradise) communal bank meet. They are engaged in a variety of activities such as: general commerce and providing services, among others. A short time ago, having learned about the benefits that the institution provides, decided to join together to be able to access loans that Fundación Espoir makes available. This is their first cycle in the communal bank and they expect to fulfill their obligations very well to continue receiving the benefits the institution provides.

We met Lissette, 20, here. She’s single living in her parents’ house. She’s studying third semester Accounting at Manabí’s Universidad Técnica.

Aside from studying, in order to earn a bit to cover her educational expenses, our friend sells shoes via catalogue. She sells door to door every day in her free time. She shows the catalogues to her customers so that they can place orders and when she receives the merchandise she makes her deliveries. She sells on credit and collects payment every two weeks. She’s been in this business two years and has done quite well.

This loan is to buy shoes to sell. This is her first cycle like the rest of the group and she likes it because the loans are granted quickly. Her dreams are to finish her schooling and to become a great professional and get a good job.

In this group: Rita Marlene, Lourdes Magdalena, Eugenia Bertina, Cristina Nicolasa, Carmen María, Mayra Alejandra, Lissete Carlina, Glenda Johanna, Kelvin Javier, Gissela Monserrate, Concepción Azucena, Italidad Barbarita, Julia Yadira

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Translated from Spanish by Kiva volunteer Polliz

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