A loan of $6,050 helped a member to buy clothing, shoes, perfumes, etc.

23 De Noviembre (Manta) Group's story

The 23 de Noviembre ("November 23rd") Communal Bank meets every 15 days in the Jocay neighborhood of Manta, a city known for its beautiful beaches that are popular year-round and for being a city of unequaled beauty with many tourist attractions.

This is a group with 13 female members and one male member. They decided to join together and form this credit group four months ago, and so far it has served them well in helping to expand their businesses. The members work in a variety of areas, such as general commerce, food sales, services, and other jobs.

Nelly, who is 34 years old, lives in this city. She is a single mother with 13 and 11 year-old children who attend high school. She is the president of the credit group and is very happy to be in the communal bank's second loan cycle, since the loans can help her to improve her business.

Nelly set up a store in her house several years ago, in order to earn a living and provide her children with what they need. She sells clothing, shoes, perfumes, and various other products. Little by little, she has also been installing Internet service thanks to her last loan. This way, she has been able to make her dreams a reality and she is earning good income. When her children aren't in school they work with their mother. Nelly works every day and tells us that it is not difficult since the business is in her house. She buys merchandise in Guayaquil, a city where she travels one or two times a month, depending what she needs.

This loan is for buying clothing, shoes, perfumes, etc. for her business.

The small photo is of a member who could not be present when the group photo was taken.

In this group: Nelly Dolores, Jazmin Viviana, Kenia Madelaine, Nancy Josefa, Fé María, Aura Fidelma, Gabriela Guadalupe, Diana Elizabeth, María Monserrate*, Mercedes Julieta , María Lina, Edwin Francisco, Onis Irenica, Nubia Ramona*
*not pictured

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Translated from Spanish by Kiva volunteer Katie Kavanagh

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