A loan of $1,200 helped to buy pants, shirts, shirts and other garments.

Nelly Magaly's story

The Communal Bank, "La Pila," meets every two weeks in La Pila, Montecristi Canton. This place is well known in the province and in the country for its rich cultural tradition where one can find a variety of crafts that are made by its inhabitants following traditional customs.

Nelly is 38 years old, married and has two children who are 10 and 3 years old. The older one is in elementary school. Her husband is a driver.

To get ahead and help her husband with their earnings, she is a vendor, selling all kinds of clothing door to door. Three to four times a week she visits clients, leaving items on credit and collecting weekly. She buys merchandise once a month in the city of Guayaquil or whenever she needs to. She has been in this business for 5 years, at the same time that she started with her first loan from the bank. She has gradually been increasing her credit with subsequent loans.

This loan is to buy pants, shirts, shirts, and other apparel. She has been a founding member of the communal bank for over five years and likes it because she started her business with the first loan.
Nelly's dream is to continue increasing her business.

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Translated from Spanish by Kiva volunteer Angela Yeh

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