A loan of $1,100 helped to buy Bermuda shorts, t-shirts and children's clothing.

Maritza Magdalena's story

Every two weeks, the 'Leónidas Proaño' community bank meet in the neighborhood of the same name in the city of Manta. This city is known for its beautiful beaches which are very popular year round. It is also known as a city with a beauty which is second to none. It has a lot of tourist attractions.

Here we meet 23-year-old Maritza who is married and has two children who are 6 and 2 years old. Her eldest is in school and her husband is a cabinetmaker.

In order to help her husband with their household expenses, Maritza sells all types of clothing. She makes her sales door to door and also sells from her home where some of her customers come to buy. Her customers make a lot of orders as she provides very good-quality merchandise and offers new designs. She works three to four days a week and whenever she has free time. She leaves her products on credit and collects payment every two weeks. She buys her merchandise in Guayaquil whenever she needs to. She has been in this business for five years and it is doing very well.

Maritza will use this loan to buy more merchandise (especially seasonal merchandise). She will buy Bermuda shorts, swimsuits, t-shirts and children's clothing. She has been a member of her community bank for 5 years. She is in charge of monitoring payments and she likes it because she used her first loan to start her business.

Maritza's dream is to own her own home because she currently rents.

Translated from Spanish by Kiva volunteer Linda Oxnard

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