A loan of $900 helped to purchase pants, blouses, t-shirts and children's clothing.

Blanca Mónica's story

In La Pila in Montecristi, the “Para el Futuro de la Mujer” Communal Bank meets every two weeks. This area is very well known in the province and in the country for its rich traditional culture. It is where the inhabitants produce a large variety of handicrafts according to customary traditions.

Sra. Blanca, 33, is married and has three children, ages 14, 9 and 4. The older two attend secondary and elementary school. Her husband is a public employee.

She sells all types of clothing by going door to door and she also has well known clients who come to her home to make purchases. She goes door to door every morning when her older children are in school and she only has to bring along her youngest. She sells her items on credit and collects payments every two weeks. She buys her merchandise in Guayaquil whenever necessary. She has been making sales for 10 years and it has been going very well.

She will use this loan to purchase more merchandise such as pants, blouses, t-shirts and children’s clothing. She has been a member of the Communal Bank through four loan cycles and she enjoys it because the loans enable her to pay cash for her products and receive more discounts so that she earns more profit.

Her dream is to own a boutique or a clothing store.

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Translated from Spanish by Kiva volunteer Diane Chaney

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