A loan of $1,000 helped purchase fruits and vegetables.

Monserrate Soledad's story

The members of the communal bank Unión y Solidaridad meet bimonthly in the San Pablo parish in the city of Portoviejo, capital of Manabí, known for many years as the city of the Royal Tamarind Trees.

Here we meet Señora Monserrate who is 38 years old and is in a common law marriage that has produced three children ages 19, 17 and 8. The older two are adults and the youngest attends school and lives at home. Her husband is a merchant.

Together with her husband they have a business selling fruits and vegetables at a market in the city of Portoviejo. They work from 5:00 am until 3:00 in the afternoon. She works the market while he travels to other wholesale markets to buy more products that they need in order to offer their customers the best. The key to having a lot of customers is offering a good, clean product at a fair price. They have been doing this for 4 years.

The loan will be used to buy fruits and vegetables for their business. Señora Monserrate is a founding member of her communal bank. She likes it because the interest rates are lower than other loan institutions.

Her dream is to have her own house.

Translated from Spanish by Kiva volunteer

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