A loan of $900 helped to purchase diapers, toys, bottles, strollers, etc.

Teresa Guadalupe's story

The "Leónidas Proaño" communal bank gathers every 15 days in the neighborhood of the same name, in the town of Manta. The town is known for its beautiful beaches which attract a lot of visitors all year round, and also for being a town of unmatched beauty with many tourist attractions.
Here we find 38-year-old Teresa. She's a single mother of two children aged 15 and 9 who attend school and high school. She has been in the communal bank for two years and she likes it because they help her get ahead.
She works in partnership with her brother in a baby apparel store. There they sell diapers, cradles, toys and many other baby products. They work every day from 8a.m. to 7p.m. and they've had their store for six years. In the beginning they had their bad days, as any business does, but in time this changed and now they are well-known all over town and they attract a lot of customers.
This loan will be used to purchase diapers, toys, bottles, strollers and other items they sell in their store.
Her dream is to own her own store by herself, because the one they have now is a partnership and it's a lease.

Translated from Spanish by Kiva volunteer Renata Wolff

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Loan details