A loan of $800 helped to buy pants, blouses, t-shirts and footwear.

Rosa Elvira's story

The 30 de Agosto community bank meet in Picoaza parish, in the city of Portoviejo. This area is known for its commerce, for its traditional San Pedro and San Pablo celebrations and for the cheerfulness of its people.

This is where Rosa lives. Rosa is 51 years old, married, and has three adult children from her relationship. One of her children [a daughter] still lives at home. Her husband works for the State.

With the aim of earning some money herself so that she can make progress in life, Rosa sells all kinds of clothing and footwear. She makes her sales door to door and also sells from home where she has some display cases for her merchandise. She works every day. Rosa leaves her goods on credit and collects payment every two weeks. She buys her merchandise in Guayaquil whenever she needs to. She has been in this business for five years and is doing very well.

Rosa will use this loan to buy more merchandise such as: pants, blouses, t-shirts and footwear. She has been a member of her community bank since the beginning and she likes it because the loans allow her to finance her business. Her dream is to have large business premises in the city center.

Translated from Spanish by Kiva volunteer Linda Oxnard

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Loan details