A loan of $900 helped to buy perfumes, creams, cosmetics, clothing and telephone cards.

Felisa Magaly's story

The communal bank Camino Al Progreso meets bimonthly in the city of Montecristi. This city is known for its rich pre-colonial culture and its artisanal crafts that are nationally and internationally renown.

Here we meet Señora Felisa who is 33 years old, married and has four children ages 16, 13, 11 and 8 with her husband. The older two are in secondary school and the younger two attend primary school. Her husband is a mason.

Felisa is a home maker who sells clothing from catalogs, Avon products (beauty products, cosmetics, perfumes and women's accessories), and phone cards so that she can have her own income. She works weekends, selling her products on credit and collecting every Sunday. She receives her products at home. She has been doing this for more than ten years and things are going well for her.

She will use this loan to buy perfumes, creams, cosmetics, clothing and phone cards as she wants to take advantage of the Christmas and New Year season. This is her seventh loan cycle with her communal bank and she likes it for the support they give her.

She is taking out another loan because she needs to buy more products as she has many orders. She has prospered in her life and this is thanks to the loans that have allowed her to buy certain things that her kids needed. For this she is very grateful to the institution. The loans have also improved her business as well as her personal life.

She dreams of seeing her children finish their studies.

Translated from Spanish by Kiva volunteer

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