A loan of $900 helped to buy pants, blouses, t-shirts, and children’s clothes.

Nancy Rocio's story

The “Amistad” communal bank meets every two weeks in the city of Tosagua. This place is known for being very dynamic; most of the inhabitants devote themselves to agriculture and raising animals. It is an area with a lot of vegetation.

This is the place where Nancy, age 30, lives. She is in a common-law marriage, and they have two children, ages 12, and 7. One child goes to middle school, and the other attends primary school. Her husband devotes himself to agriculture.

With the intention of earning something on her own account so that she is able to use it to get ahead, our friend sells all types of clothes. To do this she set up a small kiosk in the center of the city. A lot of merchants sell their products in this place, which extends to Bahía and Calceta. She takes advantage of their fair days, which are the days when more people go to the cities. This is when she sells more.

When she needs to stock her business she goes to Guayaquil and Quito to buy her merchandise. She has been doing this business activity for seven years, and it is going very well for her.

She is going to use the loan to buy more merchandise like pants, blouses, t-shirts, and children’s clothes. This is her second cycle in the communal bank. She likes it because she improves her business with the loans. Her dream is to have a large place.

Translated from Spanish by Kiva volunteer Ginny Kalish

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