A loan of $1,000 helped to buy rice, sugar, oil, clothing, and school supplies.

Mitzi Asuncion's story

Picoaza is described in books as one of the indigenous towns that is part of the Manteño culture. This urban parish is situated only ten minutes away from the city of Portoviejo, the capital of Manabí Province, a place filled with many stories. It is here that the members of the María Asunción Communal bank meet every 15 days.

It is in this place where one can meet Sra. Mitzi. She is 38 years old, married, and has three children (ages 18, 12, and 5). The two older children are in high school and the youngest is in elementary school. Her husband is a bricklayer.

Mitzi has a store in her home where she sell products such as rice, sugar, oil, detergents, and other items. In addition, she offers stationery and bazaar products, and engages in the recharging and sale of phone cards. Mitzi works every day from 6am to 8pm, and sometimes much later. Her children and her husband help out when they are not busy. She has been in business for 15 years and says that she is doing well. With the earnings she accumulated, she was able to build a house although the construction has not yet been completed.

Mitzi is repeating the loan process and says that things are doing well. With this loan she will be receiving, she will restock her business even more. Her profits will allow her to make additional improvements to her house. Her hopes and dreams are to continue with the help of the loans until her house is finally completed. This loan will be used in the same manner as the previous one. She will restock her store by purchasing rice, sugar, oil, clothing, and school supplies. Mitzi has been with her Communal Bank for more than 10 years and enjoys the help she has always received through the loans.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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