A loan of $1,100 helped to buy clothes.

Ligia Elizabeth's story

The members of the “Mi Mundo Natural” (My Natural World) communal bank meet every fifteen days in the city of Portoviejo known since colonial times as the City of the Royal Tamarinds.

Ligia, 24, lives here. She’s in a common law relationship and has two children, a nine-year-old and a six-year-old both of whom attend school. Her husband is a private employee.

Our friend sells all types of clothes and also sells telephone recharges. She sells door to door. Most of her sales take place at home since she also works as an accounting assistant in her father’s business and takes advantage of this to sell clothing and telephone charges there while doing her accounting work. She works Monday through Saturday in all her activities. She goes to Huaquillas to buy merchandise whenever she needs to. She’s been in the clothing business more than five years and it’s the most profitable one.

She will use this loan to buy more merchandise like pants, blouses, t-shirts and children’s clothes. She’s a founding member of the communal banks and likes it because interest rates are lower than in other credit institutions. Her dream is to have a house of her own since she lives in her parents’ house.

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Translated from Spanish by Kiva volunteer Polliz

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