A loan of $1,200 helped to buy rice, sugar, cooking oil, soap, notebooks, cards and other products of daily consumption .

Nanny Soledad's story

The communal bank 'Montecristi', meets every two weeks in the canton Montecristi. The area is known for it's rich, pre-colonial culture and for the handicrafts that are made there, well known on a national and international level. Montecristi is also known for producing the highest quality of Panama hats.

Nanny is 44 years old. She is married and with her husband has one son, who is 25 years old and studies at the university and still lives at home. He husband works with heavy machinery.

She has a small store which she runs out of her home, from which she sells all types of products including rice, sugar, cooking oil and vegetables, as well as a few stationary items, paper and some medicines. She works everyday from 6am until 9pm, and sometimes even later. Her son helps her with her work when he is not busy. She has had this business for the past three years, which has grown with the passing of time and with the help of the loans that she has received from the communal bank.

This loan she is going to use to stock her store. She is going to buy rice, sugar, cooking oil, soaps, notebooks and cards as well as other products of daily consumption. She has taken out 7 previous loans and she likes the communal bank because the group is well united.

Her goals are to continue working on her business and that her store would continue to grow everyday.

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Translated from Spanish by Kiva volunteer Tricia Kell

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