A loan of $1,500 helped to buy clothes and shoes.


Zoila Margarita's story

The “Artesanal” communal bank meets every two weeks in Jipijapa Canton, a canton known as the “Sultana of Coffee” because of the vast plantations of incomparably flavored coffee there, for its cuisine and for the warm-heartedness of its people.

Zoila, 47, lives here. She’s married and has three children who are 23, 20 and 12 years of age. The two older ones attend university and the youngest is in secondary school. They all still live with her and her husband is a merchant.

Aiming to earn income of her own and help her husband cover household expenses, she’s taking out the loan for herself and to help her husband since they both work selling clothes of all types and shoes. She sells door to door in areas near her home while her husband heads out to other cities. They work four days a week although her husband works more days than she does. They sell on credit and collect payments every two weeks or weekly.
They buy the merchandise in Guayaquil every two weeks or monthly according to need. They’ve been in this business more than 8 years and do very well.

She will use this loan to buy more merchandise like pants, blouses, t-shirts and shoes. She’s been in the communal bank for more than 16 years and likes it because of the responsibility and seriousness both of the members and of the institution. Her dream is that her children complete their schooling and become good professionals.

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Translated from Spanish by Kiva volunteer Polliz


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