A loan of $550 helped to buy recyclable material.

Agustín Alberto's story

The Umiña communal bank meets every two weeks in the Umina neighborhood in the city of Manta. The city is known for its beautiful beaches, its food, and for having one of the most important ports in the country and in the Americas, located on the shores of the Pacific Ocean.

This is where we meet Agustín, age 54. He is separated, but they have four children from this relationship. Three of the children are adults, and the youngest is disabled. He is 14 years old, and he goes to school for special needs children.

He is a driver by profession. In addition to transporting freight in his car, he buys and sells junk and recyclable material. He tells us that every day he travels the city buying all kinds of recyclables. In the afternoons, when he has a large amount, he takes them to the centers where they buy these materials to reprocess them. He has been doing this for over five years, and he tells us that it gives him very good daily income.

He will use this loan to buy all types of recyclable materials. He has been in the communal bank for over two years. He likes it for the help that they give through the loans.

His dream is to buy another car because the one he has is really falling apart.

Translated from Spanish by Kiva volunteer Ginny Kalish

Loan details

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Loan details