A loan of $600 helped to buy mattresses, irons, blenders, sheets, etc.

Gladys Georgina's story

In La Pila of the Montecristi Cantón the communal bank “La Pila” meets every fifteen days. This place is very well known in the province and in the country for its rich traditional culture. One can find a great variety of crafts that are made by its inhabitants following the traditional customs.

Gladys is 51 years old, is married and from this relationship she has four children. Three of them are adults and one is 17 years old and all of her children are independent. Her husband is a merchant.

She is a very good homemaker who also makes a living in business. She sells items for the home (blenders, irons and mattresses among many other things). Her method of sales is by a type of layaway account and by cumulative system (of small, regular payments). She works three days a week in all of her activities since she has to offer the product, make the orders, collect from the distributor and deliver the products in order to be paid every fifteen days. These products are delivered according to the number of customers that she has been in touch with that range from one to ten. She has been in this business for four years.

This loan is to purchase mattresses, irons, blenders and sheets among other things. She has been in the communal bank for four years and she likes it because with the first loan she began her business with which she earns a living honestly.

Her dream is to have her own business premises or a distribution company of these products.

Translated from Spanish by Kiva volunteer Melanie Snellings

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