A loan of $1,200 helped to buy stock merchandise for her store.

Ruth Elizabeth's story

The members of the “San Ignacio de Colon” communal bank meet every two weeks in San Ignacio in Colon Parish in the city of Portoviejo, a place known for its hardworking people who are dedicated to agriculture and animal husbandry.

Ruth, 55, lives here. She’s married and has seven children, all adults now. The youngest of them still lives with her and is studying medicine at university. Her husband’s a driver.

She has a home-based store where she sells all types of products: basic staples and general merchandise, stationery supplies, beverages and frozen treats. She works there every day from 6am until 9pm and sometime even later. Her son and husband help her when they have time but in general it’s she who tends to the store since she keeps herself busy that way. She receives her goods at the store and she’s been in business seven years and does quite well.

She is repeating the loan since the loans she gets are always of much help to her. She used the previous one to buy products she did not have in her store which helped her increase her clientele because having more variety of products in stock led to more customers coming. Now, she expects to get this new loan and will use it to stock the store even more. She will buy rice, sugar, oil, detergent, canned goods, stationery supplies and household items.

She’s been in the communal bank seven cycles and likes it because of the loans the institution provides. Her goal is to continue forward with her business and that it grows more every day.

Translator profile picture

Translated from Spanish by Kiva volunteer Polliz

Loan details

Lenders and lending teams

Loan details