A loan of $5,725 helped a member to buy pants, shirts, blouses, children's clothing, and underwear.


Calle Alajuela (Montecristi) Group's story

The Calle Alajuela Communal Bank meets every fifteen days in the Montecristi canton. Montecristi is known for its rich pre-colonial culture and its artesanry, which is known on a national and international level. It is the home of the famous Panama hats.

This is a group made up of 14 women and 2 men who decided to join together and form this communal bank. It has been great for them because they have been able to improve their businesses with their loans. The group members have various businesses including general trade, artesanry, services, food sales, and others.

Señora Génesis, age 18, is one of the group members. She is in a common-law marriage and has an eleven-month-old daughter. Her husband works in a bakery. This is her first cycle in the Communal Bank, and she likes it because the loans can be obtained quickly and without too many prerequisites.

She is a young wife and mother who sells all kinds of clothing in order to help her husband with the household costs. She sells door-to-door and also sells from her home when customers come to call. She goes out three days per week to do her rounds, even though it is a little difficult because she has to take her daughter with her. She has to work because they are in need, and this work allows her to rise above her economic situation. She leaves her merchandise on credit and charges every fifteen days. She buys her merchandise in Guayaquil whenever she needs to stock up. She has done this work for almost three years.

This loan is for the purchase of pants, shirts, blouses, children's clothing and underwear.

Her dream is to have her own home; the home where they currently live is rented.

The small inserted photo is of four members who were unable to be present when the group photo was taken.

In this group: Genessis Monserrate, Tamara Soledad, Ruth Annabelle, Carmen Rosa, Mayra Isabel, Meryorie Vicenta, Sonia Alexandra, Iris Adriana, Franklin Luciano*, Carlota Margarita*, María Idalinda, Rosa Margarita, Victor Alberto, María Monserrate, Adriana Valeria, Angela Mercedes
*not pictured

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Translated from Spanish by Kiva volunteer Christine Cooper


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