A loan of $1,000 helped buy fish, shrimp, scallops, crabs, and seafood.


Gema Asunción's story

The Communal Bank Women Who Fight to Get Ahead meets every two weeks in the Picoaza parish in the city of Portoviejo. It is a well known area for being commerce friendly, the traditional festivities of Saint Peter and Saint Paul and for the vivacity of its people.

Gema lives in that place, she is 21 years old, single and is in her second semester in university for her executive secretary education. She lives in her parents’ home.

Gema and her father have a stall in the Picoaza market where they sell seafood, they sell all types of seafood like whole fish or by the pounds, shrimp, shellfish, crabs and many other varieties. They work everyday from 6:00 a.m. to 3:00 p.m., the foodstuffs are bought by her father everyday very early in the morning in the city of Manta since everything is there and it is much cheaper. Gema has worked in this business for two years but her father has over 15 years in this trade.

Gema is repeating a loan with Kiva since her business is doing very well despite having a period of time when seafood became scarce and they were more expensive and sales fell, but this was not a reason for her to be behind on her payments since she was always up to date and now hopes for a new loan to keep going ahead with her loan and family life. The loans have helped Gema a great deal since she was able to get ahead in her studies and one day will be a professional.

This loan will be used to buy fish, shrimp, shellfish, crabs and other varieties of seafood. This is Gema’s third loan with the Communal Bank and she enjoys it since the loans have allowed her to earn enough to meet her personal and university expenses.

Gema’s dreams are to finish her education and to be a professional. It was a pleasure talking to Gema, thank you for supporting her and the Espoir Foundation for helping her get ahead in life.

Translated from Spanish by Kiva volunteer


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