A loan of $775 helped to buy merchandise for her retail businesses.

Lourdes Monserrate's story

The Avance Y Desarrollo community bank meets twice a month in Junin, a canton known for its friendly, hard-working people and the excellent liquor that's produced here and famous everywhere in Ecuador.

Our member, Lourdes, is 45 years old. She is married and has 4 children, three of whom are grown. Her youngest child is 16 years old and still in school. Her husband works as a driver. Lourdes is a full-time housewife and operates part-time businesses to help out with family expenses. She sells Yanbal and Esika products--cosmetics, perfumes and other beauty products--three days a week, for two or three hours each day. She sells on credit and collects from her customers every eight days. She also operates a small juice bar in her house where she sells juices and other fruit drinks. She has operated businesses for 12 years and says that she is happy with her progress.

Lourdes will use this loan to buy perfumes, creams, cosmetics, juices, soft drinks and fruit. She has been a member of her community bank for 9 years and serves as the group's treasurer. She likes that the bank can delivery loans quickly.

Her goal is to have a shop of her own.

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Translated from Spanish by Kiva volunteer Jere Wiseman

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