A loan of $3,200 helped a member to buy clothes.

Calle Cordova (Portoviejo) Group's story

The members of the “Calle Córdova” communal bank meet every two weeks in the city of Portoviejo. This pretty city is known as the “City of the Royal Tamarinds.”

This is a group of people that decided to join together into this communal bank which will be very useful because with the loans they will be able to improve their small businesses. They carry out a variety of activities like general commerce, services and food sales, among other activities.

We met Ana, 37, here. She’s a single mother of three daughters who are 17, 12 and 8 years old; the youngest goes to elementary school and the two oldest go to secondary school.

To earn a living she’s been working for several years in an inn in the city. She does cleaning and other tasks there. But to earn a little extra money she also sells all types of clothes door to door in her free time. She has many customers that buy her merchandise and her oldest daughter also helps her out selling clothes to her classmates. She sells on credit and collects payment every two weeks. She’s been in this business two years and does quite well.

She will use this loan to buy pants, blouses, t-shirts and children’s clothes. It’s her first loan in the communal bank and she hopes to continue for a long time. Her dream is that her daughters finish their schooling and become professionals.

In this group: Sandra Katiusca, María Elizabeth, Esilda Leopoldina, Mayra Carolina, Dolores Monserrate, Jimmy Stalin, Liceth Elizabeth, Ana María, Carmen Beatriz, Gloria Auxiliadora, María Magdalena*, Lucio Willians
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

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Loan details