A loan of $4,200 helped a member to buy a stove and supplies.


Calle Cordova (Portoviejo) Group's story

The 2 male and 11 female members of the Calle Córdova cooperative bank meet every fifteen days in the city of Portoviejo. This beautiful city is known as the “City of the Royal Tamarinds”. This is a group of people who decided to join together 4 months ago to access credit; this has served them well, since the loans have allowed them to improve their small businesses. They dedicate themselves to a variety of activities including general commerce, services, and food sales, among others. One of the members of this group is Carmen. She is 56 years old and the single mother of four children who are now grown. One daughter, who is also a single mother, still lives with her. Several years ago, Carmen started a restaurant in the city’s market in order to make a living. Many people visit her place every day, and she works from 5:00 am until 10:00 pm; her daughter helps with the business. Her establishment is very busy given that her food is delicious, something that her customers like. She has been in business for more than 20 years, and it is what allowed her to support her children when they were still young. Currently, she supports herself with this enterprise. This loan is for the purchase of a new stove, since the one she has is damaged, and also for supplies to make the food. This is her second cycle with the bank, and she hopes to continue for a long time. Her dreams are to have good health and to get ahead. The small photo that is attached is of a member who, because of work, was not able to be present when the group photo was taken. La foto pequeña adjunta es de un socio que por motivos de su trabajo no pudo estar presente cuando se tomó la foto del grupo.

In this group: Sandra Katiusca, María Elizabeth, Esilda Leopoldina, Mayra Carolina, Carmen Beatriz, Jimmy Stalin, Menery Nathaly, Ana María, Dolores Monserrate, Gloria Auxiliadora, María Magdalena, María Elizabeth*, Lucio Willians
*not pictured

Translated from Spanish by Kiva volunteer


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