A loan helped to buy stock merchandise for her store.

Patricia Monserrate's story

The “Camino Al Progreso” (Road to Progress) communal bank meets every two weeks in Montecristi Canton that’s known for its pre-colonial culture and for its crafts that are renowned both nationally and internationally; it’s where the famous straw hats come from.

Patricia, 21, lives here. She’s in a common law relationship and has two children, a three-year-old boy and a three-month-old baby. Her husband works in a sawmill.

She has a small store at home that she was able to start a short while ago with help the institution gave her to make her dream a reality. She sells a little bit of everything there although she still lacks much more in order to completely stock her store which is why she’s asking for a new loan to buy more merchandise and be able to give her customers everything they need thus winning over more clientele. She works every day from 6am until 8pm. She’s been in business four months and likes it because she can earn income without having to neglect her home; her children require much care.

She will use this loan to better stock her store. She will buy rice, sugar, oil, detergent, canned goods and other basic staple items. She’s been in the communal bank for two cycles and likes it because she’s made many friendships in the group. Her goal is to continue in business and that the store grows more every day.

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Translated from Spanish by Kiva volunteer Polliz.

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Loan details