A loan of $3,000 helped a member to buy perfume, creams, cosmetics, purses and clothes.

Mateito (Junín) Group's story

The “Mateito” communal bank meets every fifteen days in Junín Canton, a place noted for its kind, hardworking people and because the best ‘aguardiente’ [an alcoholic beverage] in the province and in Ecuador is distilled here.

A group of people decided to join together in this place and to form this communal bank which will be of great use to them to improve the small businesses they have to date. They carry out a variety of activities like commerce, services and food sales, among other activities.

We met Lourdes, 26, here. She’s single and lives in her parents’ house. She is studying laboratory and is in the thesis-writing phase leading to her graduating as a lab technician. She’s been in the communal bank for two cycles. She’s the Treasurer and likes it because the group is very united.

Our friend is a very active young woman who is dedicated to her studies and who in order to earn her own recourse to cover the cost of her studies sells clothes, purses and Yanbal products (beauty products, cosmetics, perfumery and women’s accessories). She works every day because besides selling around her neighborhood she also sells at the university she’s attending. She sells on credit and collects weekly. She’s been in this activity more than two years and does very well. Thanks to this she’s been able to move forward with her university career.

This loan is to buy perfume, creams, cosmetics, purses and clothes. Her dream is to have a clinical laboratory one day.

The small photo is of a member who was unable to attend when the group photo was taken.

In this group: Damaris Maricel, Lourdes Moncerrate, Patricia Edita, Yohana Marixa, Julieta Guadalupe, Erwin Fernando, Gabriela Viviana, Cenia Mercedes, Gema Thalia, Jesús, Cecilia Vanessa, Mabel Stefania, Fatima Asuncion, Josefina Beatriz, Narcisa De Lourdes

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Translated from Spanish by Kiva volunteer Polliz

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