A loan of $1,700 helped to buy jewelry, perfumes, creams, cosmetics and clothes.

Angelica Raquel's story

In the citadel of the new California in the city of Portoviejo, the capital of Manabí known from many years ago as the city of the “Reales Tamarindos”, gather every fifteen days the members of the Communal Bank New Jerusalem.

Here we met the Angelica, who is 48 years of age, divorced and has no children. She lives in her parents' house. She has been with the Communal Bank already five cycles and likes it for the speed with which loans are giving.

Our friend is a very hard working woman that in addition to helping her mother with the household chores also makes a living selling; she sells gold plated jewelry and clothes catalog of many brands. In addition to products of Yanbal (beauty products, cosmetics, perfume and accessories for ladies).

Her form of sale is door-to-door and also sells in her house, where her customers come when they need a product. She works five days a week from Monday to Friday since she rests on weekends. She sells on credit and collects on a weekly, bi-weekly or monthly basis, depending of her customers’ preferences. Her products are sent to her home and the clothing is in the center of a distributor. She has been more than ten years in this business and she has done very well.

This loan is to buy jewelry, perfumes, creams, cosmetics and clothing of all kinds.

Her dream is to have her own home because where she lives belongs to her mom.

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Translated from Spanish by Kiva volunteer Alberto Jaramillo

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