A loan of $1,000 helped to buy men's clothing.


Gema Isabel's story

The members of the "Renacer" communal bank meet very two weeks in the El Florón housing development in the city of Portoviejo, capital of Manabí province, known for many years as the City of the Royal Tamarind Trees.

This is where we met Gema. She is 21, married, and they have no children yet. Her husband is a small business owner. She studies Early Childhood Education at the University.

She is taking out the loan for her husband. He has a shop in the center of the city, in partnership with a sister. They sell shirts, ties, belts, and various articles of men's clothing. They work every day from 8:00am to 6:00pm. In addition, he uses his car to transport schoolchildren.

They send him the merchandise directly from the factory. He has been in this business for more than five years, and it has gone very well for them. He is going to use this loan to buy all kinds of men's clothing.

She has been in the communal bank for three years, and likes it, because the interest rates are very low.

Her dream is to have her own apartment, since they are renting the place where they live.

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Translated from Spanish by Kiva volunteer Jeff Goldie


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