A loan of $5,900 helped a member to buy clothes, sneakers, handbags, etc.

La Chispa (Portoviejo) Group's story

In the city of Portoviejo, capital city of Manabi, the partners of the communal bank La Chispa, get together every 15 days. They do diverse activities such as general commerce, services, among others, for a living. When they heard of the benefits the institution could provide them, they decided to get together and create this communal bank, which will help them a lot to improve their businesses. Here we met Jazmín, who is 36 years old, is married and has 4 children from this relationship. Her children are 19, 18, 11 and 4 years old. The two older ones are studying in the university and the two younger ones are in school and kindergarten. Her husband drives a taxi. Our friend, apart from being a great housewife, also sells clothes of all kinds, like handbags and sneakers, among others. She sells door-to-door. She walks around selling from Monday to Friday, in the mornings or in the afternoons. She leaves the products on credit and she collects the money every week. To buy her merchandise and get supplies of products, she travels to the city of Guayaquil and they also send her merchandise from the United States, since she has family there. She has been doing this activity for 3 years and is doing very well. She will use this loan to buy clothes, sneakers, handbags and other products that she sells. She has been a part of the communal bank for five years, but in another group, now she created this group and she hopes to continue there for a long time. Her dream is that her children can have a good education.

In this group: Yasmin Del Rocio, Rosa Mercedes, Maritza Madalayne, María José, Rosa Magali, Martha Georgina, Santa Teresa, Alejandra Elizabeth, Baebie Lilana, Laura Ninille, Fulton Rolando, Julio Cesar, María Elisa, Jannyne María Del Rocio, Lorena Margarita*, Luis Carlos
*not pictured

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Translated from Spanish by Kiva volunteer Marina Romanisio

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