A loan of $550 helped purchase clothing, undergarments and shoes.

Rosario Cecibel's story

The communal bank San Vicente meets bimonthly in the Picoaza parish in the city of Portoviejo, a city known for being very commercial, for its traditional festivals of San Pedro and San Pablo and for the friendliness of its people.

Here we meet Señora Rosario. She is 39 years old, married and has four children ages 16,15,12 and 9 from this relationship. The two older children attend secondary school and the younger ones are in primary school. Her husband is a merchant.

She is a fabulous homemaker who, in her free time, also helps her husband with the business. They sell shoes, all types of clothing and undergarments. While her husband travels to other cities to sell his products, she stays in town to sell. She sells door to door, extending credit and collecting every weekend. They have been doing this for more than 15 years. They buy their merchandise in Guayaquil as it is cheaper there.

She will use this loan to buy clothing, undergarments and shoes. She has been a member of the communal bank almost since the beginning and she likes it because the loans have really helped her to get ahead with her business.

Her dream is to have a clothing store in the downtown area.

Translated from Spanish

Loan details

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Loan details