A loan of $900 helped to buy lentils, beans, peanuts, corn, etc.

Carmen Lucciola's story

Los Bajos de Montecristi is a city known for its great diversity of traditional products. These include toquilla straw hats (also known as Panama hats), which are famous both inside and outside the country. The members of the Mi Banquito communal bank in that city meet every 15 days.

Here we meet Mrs. Carmen, 46, who is married and has three children, one of whom is an adult and the other two, 16 and 5, are in school. Her husband is a merchant.

She is a very good homemaker who wants to help her husband with the household expenses by taking out a loan to finance his business. He sells grains such as beans, lentils, peanuts, etc., working four days a week at the market in Manta. He has been in business for 15 years and thankfully it is going well and allowing them to get ahead.

This loan will be used to buy lentils, beans, peanuts, and corn, among other things. She is a founding member of the communal bank which she enjoys because the institution's interest rate is lower than anywhere else.

Her dream is to have good health and continue striving to get ahead.

In the photograph she appears with her son.

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Translated from Spanish by Kiva volunteer Sherry Bess

Loan details

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Loan details