Funded

Total loan: $1,000
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María Magdalena

Ecuador
Montecristi, Ecuador / Clothing Sales

A loan of $1,000 helped to buy pants, t-shirts, blouses, childrens' clothing and other garments.


María Magdalena's story

In Los Bajos de Montecristi, a city known for its rich culture and its great handicrafts, like straw hats and shawls known within and outside of the country, every 15 days the members of the communal bank Con Amor y Fe Al Desarollo meet.

Maria, 48 years old, lives in this place. She is married and from this relationship has 3 children, 2 that study in the university and one who is 16 and is in high school. All of her children still live at home. Her husband is a storekeeper.

Along with being a great mother and homemaker, she works with her husband in business, selling all kinds of clothing. She sells door to door and by orders that her clients make. They travel to the country to market their products to fairs in nearby cities, since they have a car in which they can make their trips. She works 3 or 4 days out of the week, more than anything on the weekends, when more sales are made. They go to Guayaquil to buy merchandise every time they need it. They have been in this business more than 20 years, and it's going well.

She will use this loan to buy pants, t-shirts, blouses, and childrens' clothing, among other garments. She is a founding member of the communal bank and she likes it because of the help the loans bring.

Her goals are to have good health and for her children to be successful professionals.

Translated from Spanish by Kiva volunteer Kerry George


Loan details

Loan length:

6 months
Disbursed date: September 3, 2012
Facilitated by Field Partner: Fundación ESPOIR

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: September 3, 2012
Facilitated by Field Partner: Fundación ESPOIR