A loan of $1,100 helped to buy clothes and tagua nuts.

Marjorie Alexander's story

The “Virgen Del Rosario” communal bank meets every two weeks in Colorado, Montecristi Canton (Portoviejo) known for its Rich pre-colonial culture and for its crafts that are famous both nationally and internationally. In this area most residents make tagua nut [known as vegetable ivory] buttons, crafts and commerce in general.

Marjorie lives here. She just turned 22 years old and is in a common law relationship and has two children who are 3 and 1 year old. Her husband is a craftsman.

She is taking out the loan to help her husband in his business. He has a small tagua button factory and she will use part of the loan to start a clothing sales business because she wants to take advantage of the approaching season which included the Montecristi feast days as well as Christmas and New Years, seasons when these products sell a lot. She will use the loan to buy tagua and all sorts of clothes. She’s been in the communal bank for five cycles and she likes it because of the help they give with the loans.

She is repeating the loan with Kiva and she’s asking for it to improve her husband’s business and to have the opportunity to start her own business and to buy clothes to sell. The previous loan helped them quite a bit because they were able to buy a lot of raw materials to have some in reserve when it became scarce and became more expensive. With respect to her family life, it too has improved because when economic problems decrease everything is easier to bear. They hope to continue forward to be able to build a house of their own.

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Translated from Spanish by Kiva volunteer Polliz

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