A loan of $1,250 helped a member to purchase a freezer and buy supplies.


29 De Noviembre Group's story

Gladys, Ketty and Bertha are three women who live in the parish of Rio Verde in the city of Santo Domingo, Ecuador. They are friends and have known each other a long time, and they are requesting this group loan from Kiva so each can improve different areas of their businesses. Santo Domingo is a rather large city located in practically the center of Ecuador, with a highway running through it linking the coast with the mountains going from sea level to 2,800 meters (9,180 feet) above it. Because of this, Santo Domingo is known for being a rather commercial city with a lot of tourist traffic. Another very interesting item of note is that thanks to its location and importance the city has become one of the most multicultural in Ecuador. All of this coexists under a humid tropical climate 200 meters (650 feet) above sea level. Gladys has a small drink stand where she sells colas and water. This business is very small and it doesn't meet the needs of Gladys and her four children. Requesting this loan through Kiva is very important to her because it will allow her to purchase a freezer as well as more merchandise. If everything goes well, Gladys will be able to one day fulfill her dream of being owner of her own store. Ketty, on the other hand, has a small store and perfume shop. She is requesting the loan to invest in items to sell like pencils, books, notepads and other items. Her dream is to see her son become a professional, so she needs to earn more money to be able to eventually pay for his college education. Ketty works about six hours every day, and her husband, who is a mechanic, also helps out, but she needs to increase her sales in order to cover all of their expenses. Finally there is Bertha, who owns a stand selling grilled meats. She has two school-age children and has a lot of dreams, chiefly to buy her own home, see her children become professionals and to own a restaurant. Of course, the first step is to get this loan so she can be able to purchase supplies and increase her sales. All of these women are model mothers, but it has been difficult to receive a loan since two of them only have elementary-school educations, and the other a high-school education. None of them attended a university, and they all have had to make do and learn on the fly to get by. All of them now have at least a few years of experience with their businesses, and acquiring loans is essential to be able to take the next step and keep growing, for their own good as well as that of their families.

In this group: Gladys, Ketty, Bertha
*not pictured

Translated from Spanish by Kiva volunteer Marty Greenstein



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