A loan of $1,000 helped to buy ingredients.

Gloria Moncerrate's story

The Productivo communal bank meets every two weeks in the Montecristi settlement, known nationally and internationally for its rich pre-Columbian culture and for its arts. It’s the place of the famous straw hats.

Gloria lives here. She is 42 years old and in a live in relationship. They have three children, one adult and the others ages 16 and 14. The oldest studies at university and the younger ones attend school. Her husband is a fisherman.

Our friend is a lady who loves to earn her own income and prepares and sells her own corviches and empanadas. She says that she makes 200 corviches and 200 empanadas which she provides to merchants who then take them to their places of business and resell them to their customers. She works every day from 8:00 am to 4:00 pm and has been doing this for more than five years. It provides her a good income.

She will use the money from this loan to buy peanuts, banana, fish, and other necessary ingredients to make her products. She has been with the communal bank for five cycles and she enjoys the quick turnaround of the loans and also that as soon as one is paid off, she can get another without losing time.

Her dreams are to continue moving forward in her business and for her children to establish themselves in professional careers.

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Translated from Spanish by Kiva volunteer Hugo Reyes

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