A loan of $1,100 helped to buy rice, sugar, oils, detergents, sausages, and other basic goods.

Jacoba Yolanda's story

Jacoba lives in the city of Portoviejo, which is the capital of Manabí. It has been known for many years as the city of real tamarinds due to the large quantity of this fruit that it produced years ago. Jacoba meets with her fellow members of the Fe Y Progreso (Faith and Progress) communal bank every two weeks.

Jacoba is a founding member of her communal bank, and she likes it because of the help that her loans have always given her. She is 67, married, and has 8 children who are independent adults. She lives with one grandson who is 18 and is like her own son. Her husband is retired.

Our friend has a grocery store in her home where she sells all kinds of products like: rice, sugar, oils, detergents, candy, soft drinks, etc. She works there every day from 6 a.m. until 8 p.m., and her husband helps her with her work. She has had her store for 18 years, and she started it with her first loan that she received from the institution. She is very grateful this since her store is her reason for living. In addition to earning her living from it, it is also a way to distract herself with her customers.

She will use this loan to further stock her store. She is going to buy rice, sugar, oil, detergents, sausages, and other basic goods.

Her goals are to get ahead with her business so that it will grow more every day.

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Translated from Spanish by Kiva volunteer Tanya Harper

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