A loan of $1,100 helped to buy jewelry, clothes, perfume, school supplies, etc.

Gloria Elizabeth's story

In the Umiña neighborhood in the city of Manta the Umiña communal bank meets every two weeks. This city is known for its beautiful beaches, its cuisine and for being one of the most important ports of the country and of the Americas on the Pacific Ocean.

Here we meet Gloria. She is 43 years old, married and the mother of two children, aged 17 and 14. They both are in high school. Her husband is a driver.

In order to have her own income and help her husband with the household expenses, she opened a small variety store in her house 10 years ago. She sells a various items such as all types of clothes, paper products, Romanel jewelry and Yanbal products (beauty products, cosmetics, perfume and women's accessories), among others. She works very day from 8:00 a.m. until 7:00 p.m.. Some days she goes out to offer her products and to collect. She also sells on credit and collects every two weeks.

This loan will be used to buy jewelry, clothes, perfume, school supplies and more. She has spent more than 2 years in the communal bank and she likes it because the loans have very low interest.

Her dream is to keep growing her business and for her children to be have good professional careers in the future.

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Translated from Spanish by Kiva volunteer Ellen Donohue

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