A loan of $1,325 helped buy plantains, oil, rice, meat, and other supplies.


Teresa Margarita's story

In the town of Rocafuerte, every two weeks the members of the Communal Bank "Organized Women" gets together. This place is known for its delicious sweets that the locals prepare and that are recognized throughout the country.

Teresa, who is 55 years old, lives in this place. Several years ago, her husband passed away, but she had two children from that relationship. They are now older in age. She has a 17-year-old grandson in her care who is like her son. He studies at the high school.

She is a very hard-fighting woman, who in order to get ahead, continued on her own with the business that her husband had for many years. It is a small factory where she makes and sells snacks. She works every day from 6 in the morning making snacks with the help of two other people who she pays a weekly salary and later with the help of her grandson. She makes sure to deliver to diners and stores in the area. Also, she prepares food, but she does this in the afternoons and evenings since she only prepares snacks.

This loan is for the purchase of plantains, oil, rice, meat, and other supplies for making snacks and other foods. She is a founding member of the Communal Bank, and she likes it because the interest rates are very low and because of the help that she receives with the loans.

Her dreams are to to have a small business with machines and a truck to deliver to other places.

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Translated from Spanish by Kiva volunteer Danielle Dupre


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