A loan of $1,300 helped to buy silver jewelry, clothing, perfumes, trinkets, cosmetics, crèmes, and other products.

Ketty Aracely's story

The Umiña cooperative bank meets every 15 days in the neighborhood of Umiña, located in the city of Manta. This city is known for its beautiful beaches, for its cuisine, and for being one of the most important ports of the country, as well as of America, because of its location on the shores of the Pacific. This is where Ketty, 44, lives with her husband and their 7-year old daughter who is in school. Her husband works abroad.

With the goal of generating her own income and, with these funds, meeting her and her daughter’s expenses, she dedicates herself to selling all types of clothing, silver jewelry, and Avon and Yanbal catalog products (beauty supplies, cosmetics, perfumes, and women’s accessories). She works every day, mostly in the mornings, as this is when it’s easier for her to make her rounds. She delivers on credit and charges every 8 days. She goes to Guayaquil to buy the merchandise, and also imports from abroad. She has been in this business for more than 7 years, and things are going well.

She is repeating the loan because the credits help her supply her business. Her enterprise is very good, and the earnings generated by the previous loan helped her with expenses related to her small daughter’s education and for the household. Currently, she hopes to receive this loan to buy silver jewelry, clothing, perfumes, costume jewelry, creams and other products to continue with her business. She has been in the cooperative bank since its initiation, and likes it because of the help the bank provides.

Her dream is to provide her daughter with all the best.

Translated from Spanish by Kiva volunteer

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