A loan of $4,400 helped a member to buy pants, t shirts, blouses, and children’s clothes.

Calle Bolívar (Montecristi) Group's story

The Calle Bolívar communal bank meets every two weeks in the Montecristi Cantón. The canton is known for its rich pre-colonial culture and its handicrafts, which are known on a national and international level. It is the home of the famous Panama hat.

This is a group of nine members and two other members who decided to join together to form this communal bank. The bank has served them well because they were able to improve their businesses with the loans that they received. The members devote themselves to different business activities like general commerce, handicrafts, services, food sales, and other businesses.

Rosa is one of the members of this group. She is 34 years old and in a common-law marriage. She has four children, ages 16, 13, 7, and 4. The three oldest go to high school and elementary school. Her husband is a master welder.

She is a very good housewife. In order to help her husband with the household expenses she sells all types of clothes. She sells door-to-door. She works from Fridays through Sundays because this is when she can meet with her customers, and it is when she sells the most. She also collects on these days because she leaves clothes on credit and collects weekly. She goes to Guayaquil to buy her merchandise each time she needs it. She has been doing this business activity for over five years. It has gone very well for her. Now it is better since she is receiving the loans.

This loan is to buy pants, t shirts, blouses, and children’s clothes. She has been in the communal bank since it started, and she likes it because of the help it has offered her in order to get ahead and increase her business. Her dream is to continue increasing her sales.

The small photo is of one of the members who for personal reasons was not able to be present when the group photo was taken.

In this group: Mariuxi Pamela, Rosa Antonia, Juliana Karina, Zully Tatiana, Jenny Estela, Ana Dolores, Geovanny Alexander, Iduval Marcelo, Mercedes Edith, Geomar Lilibeth, Begica Rufina

Translated from Spanish by Kiva volunteer Ginny Kalish

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