A loan of $550 helped to buy pants, blouses, T-shirts, and children's clothing.


María Auxiliadora's story

The Bienestar y Progreso Comunal Bank meets every fifteen days in Colorado in Montecristi canton, which is well known nationally and international for its rich pre-colonial culture and handicrafts. It is the place of famous straw hats. Here we meet Sra. María, who is 39, married and has 4 children, 20, 19, 18 and 13 years of age. All live at home and the youngest attends school. Her husband is a professional chauffeur In order to earn something of her own and continue improving her house, our friend sells clothing of all kinds. She sells door to door two days a week, covering the entire town making sales and collecting payments since she provides credit and collects every fifteen days. She also sells from her house, where customers she knows well come. She buys her merchandise in Guayaquil and in Huaquillas whenever she needs to. She has been running this business for six years and it has gone well. She is going to use this loan to buy more merchandise such as pants, blouses, T-shirts and children’s clothes. She has been a member of the Communal Bank for 6 years and she likes it very much since her first loan enabled her to start her business. Her dream is to provide her house with all the amenities.

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Translated from Spanish by Kiva volunteer Diane Chaney


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