A loan of $4,750 helped a member to buy rice, sugar, oil, detergent, sausages, ice-creams and other everyday products.

23 De Agosto Group's story

The Communal Bank "23 De Agosto" meets every two weeks in the beautiful city of Calceta (in Manabí province). The city is well-known for its nickname "The Incomparable Calceta", so named for the beauty of its women and because as far as its people are concerned, there is no more beautiful city in the world.

This is a group of people who four months ago decided to join together to form this Communal Bank, which has served them well in improving their small businesses. They work in a variety of fields, such as retail, services, and food sales among other things.

Señora Clemencia lives here. She is 42 years old, and is in a common-law marriage from which she has four children aged 21, 20, 18 and 15. The eldest lives overseas, and the younger three attend high school. Her husband works for the Provincial Council.

Our friend has a food store in her home, where she sells all types of products such as rice, sugar, oil, and detergent. She also has an ice-cream business. She takes advantage of the fact that there's a primary school near her home, and that the students, who are mainly children, very much enjoy her ice-cream. She works every day from 6 a.m. through to 10 p.m., and sometimes till even later. Her children help her with her work when they are free.

She has had six years working with this business and it's always gone very well for her as her location is good, and also her store is well-stocked so that her customers can find everything they want at her place.

She will use this loan to stock her store up further; she will buy rice, sugar, oil, detergent, sausages, ice-cream and other everyday products.

Her goals are to continue progressing with her business and the Communal Bank.

In this group: María Clemencia, Juana Lorena*, María Mercedes, Jacqueline Isabel, Jessica Gabriela, Mauricio Alexander, María Matilde, Carmen Ramona*, Rosa María, Cristina Maricela, Emigdio Artemio, Carmen Maribel
*not pictured

Translated from Spanish by Kiva volunteer Arabella Pollack

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