A loan of $3,925 helped a member to buy 100-pound sacks of rice.

Familia Con Suerte (Manta) Group's story

The communal bank "Familia Con Suerte" meets every 15 days in the Miraflores neighborhood of the city of Manta. This city is known for its beautiful beaches that are visited by many in all seasons of the year, and for being a city with unparalleled beauty and many tourist attractions. This group of people decided to unite and form this communal bank so that they could get loans to improve their small businesses, which will help them a lot. The members have a variety of businesses including: general retail sales, food sales, services, and other activities.

Here we meet Ludis, 32, who is married and has two children aged 10 and 7 who are in school. Her husband is a supervisor in a factory in Manta.

Ludis is a great housewife who, along with carrying out the household chores and caring for her small children, also has a business which allows her to generate her own income. She sells rice by the quintal (hundred pound sacks.) She sells a lot of quintals of rice to her customers from her house, because this is a staple product in the households of her country. She receives the rice directly from the rice mills, and later sells it to her customers. She provides her customers with payment terms, since she sells on credit, and she collects every week. She has been doing this work for 2 years, and it is going very well. She likes it because she earns money without having to neglect her small children.

This loan will be used to buy 100-pound sacks of rice. This is her first loan with the communal bank. She is the president of her communal bank, and she likes it because of how quickly the loans are disbursed.

Her goals are to continue to make progress with her business and with her communal bank.

In this group: Ludys Yaqueline, Silvia Monserrate, Doris Beneranda, Noris María, Letty Yolanda, Agustina*, Alfredo Joselito, Freddy Leonardo*, Evelyn Nataly, Silvia María, Mariuxi Irene, Verónica Del Rosario, Yohanna Yalile
*not pictured

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Translated from Spanish by Kiva volunteer Lisa Grobar

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