A loan of $5,300 helped a member to buy pants, blouses, t-shirts and children's clothing.


Don Pascual Mero (Manta) Group's story

The 'Don Pascual Mero' community bank meet every two weeks in los Esteros neighborhood, in the city of Manta. This city is known for its beautiful beaches which are popular year round. It is also known as being a city of unparalleled beauty which has many tourist attractions.

This is a group of people who decided to come together four months ago and form a loan group. It has helped them a lot in growing their businesses. The members work in a number of different business activities including general commerce, food sales, services, etc.

This is where we get to know Mónica. Mónica is 44 years old, married, and has three children who are all adults. Her youngest daughter is studying at university and still lives at home. Her husband works for a company in the city.

In order to earn her own money so that she can make progress together with her family, our friend works selling all kinds of clothing. She makes her sales door to door and her daughter also helps her, selling to her fellow students at university. She tells us that her customers place orders with her because she receives very good merchandise from a daughter who lives in Quito. Mónica works three days a week making her sales and collecting payment. She sells to her customers on credit and then collects payment every two weeks. She has been in this business for one year and is doing very well.

Mónica will use this loan to buy more merchandise such as: pants, blouses, t-shirts and children's clothing. This is her first loan cycle as a member of her community bank. She is the president of her group and likes it because of the speed with which loans are disbursed. Her dreams are to make progress in her business and to see her daughter become a professional.

In this group: Mónica Alexandra, Karen Daniela, Jessica Johanna, Cinthia Annabel, Mercedes Margarita, Pedro Enrique, Juan Fernando, María Belen, Julia Elizabeth, José Antonio , María José, Jorge Alberto, Elvia Liliana

Translated from Spanish by Kiva volunteer Linda Oxnard


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