A loan of $1,325 helped to buy rice, sugar, oil, detergent, sausages, other variety store items and stationery products.


Ruth Elizabeth's story

Every two weeks, the members of the San Ignacio de Colon community bank meet in San Ignacio, in Colon parish, in the city of Portoviejo. This area is known for its hard-working people who farm and raise livestock.

This is where we meet Ruth, age 55. She is married, and they have seven children. Her children are all adults, but the youngest one still lives with her. He is studying medicine at the university. Her husband is a driver.

She has a grocery store in her house. She sells all types of products. She sells as many basic needs products as variety store items, stationery products, drinks, and ice cream. She works every day from 6:00 a.m. until 9:00 p.m., sometimes even longer. Her son and her husband help her with her work when they have time. However, she is almost always there. That is where she keeps herself busy and where she takes delivery of the products she sells. She has had her business for seven years, and it is going quite well.

She will use this loan to stock her store more. She will buy rice, sugar, oil, detergent, sausages, other variety store items and stationery products. She has been in her communal bank for seven cycles, and she likes it because of the loans that the institution offers.

Her goals are to get ahead in her business and to grow more each day.

Translated from Spanish by Kiva volunteer Ginny Kalish


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