A loan of $550 helped to buy fish.


María Holanda's story

The María Del Carmen communal bank meets every two weeks in the Montecristi canton (Portoviejo). This is where the famous toquilla straw hats are from. The city has a cool climate with a lot of natural tourist attractions unique to the area. Here we meet María. She is 49 years old, married and has three children. Two are grown and the youngest is 17. Two of them live at home and go to college and high school. Her husband is a merchant. She is taking out this loan to help her husband with his business and to contribute to getting her family ahead. He sells fish, and has a stall in the market where he sells wholesale and retail to people who go to his place every day to get his products for their daily use. He works every day. Before dawn he goes to the beach to buy directly from the fisherman and later he goes to the market where he distributes his products. He has been in this business for more than 20 years, and it has always gone well for him. This loan is to buy fish. Since the communal bank started, she has been the payment treasurer for the group and she likes it because of the benefits the institution has given her. Her dream is to buy a truck to transport their products, since they rent transportation every day.

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Translated from Spanish by Kiva volunteer Ellen Donohue


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Loan details