A loan of $1,000 helped to buy steel, welding materials, paints, and other items.

Lorena Del Carmen's story

The members of the "Damas De Progreso" communal bank meet every two weeks in the San Cristóbal residential complex in the city of Portoviejo, known as the "City of the Royal Tamarinds," a lovely, hospitable city.

This is where we met Lorena. She is 42, married, and has three children; two adult children who attend university, and an 11-year-old who also goes to school. Her husband is a master locksmith.

As a good wife, and to help her husband, she is undertaking a loan to use in his business. Her husband has a locksmith's shop, and there he does a great variety of metal work; he makes doors, windows, chairs and metal structures.

He has been in his business for 25 years, so he is very well-known. That's why he never lacks work. He works from Monday to Saturday, from 8:00am to 5:00pm, with the help of two workers to whom he pays a weekly salary.

He is going to use this loan to buy steel, welding materials, paints and various several items to carry out their work. Lorena has been in the communal bank for three loan cycles, and likes it because the loans are processed quickly.

Her dream is to have a home in good repair.

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Translated from Spanish by Kiva volunteer Jeff Goldie

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