A loan of $1,650 helped to buy clothes.

Irene Elalith's story

The “Las Piedras” communal bank meets every two weeks in a neighborhood known as Las Piedras in Picoaza Parish in the city of Portoviejo which is known for its traditional culture, the joy of its residents and the feast days of Saints Peter and Paul.

Irene, 42, lives here. She’s in a common law relationship and has two children. One is an adult and the younger one is 16 years old; they attend university and secondary school. Her husband works in a bus.

In order to earn a little on her own, she sells all types of clothes door to door and also at home where she has a small locale. She works every day selling her products on credit and collecting payment every two weeks. She goes to Guayaquil every two weeks or monthly to buy merchandise according to what she needs. She’s been in this activity for a year and does very well; what she sells the most is women’s clothes.

She will use this loan to buy pants, blouses, t-shirts and beach wear. She’s been in the communal bank since its founding and likes it because of the help and customer service the institution provides her. Her dream is to have a store to sell her products in.

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Translated from Spanish by Kiva volunteer Polliz

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