A loan of $1,500 helped to purchase electrical spare parts for vehicles.


Santo Thony's story

The communal bank, "Productivo," meets every two weeks in the canton of Montecristi, which is known for its rich precolonial agriculture and its artisanry, which is known at the national and international level. It is also famous for its Panama hats. Señor Santo is 48 and is in a common law marriage. He has two children, who are 22 and 21. They study in college. His wife is a housewife and helps him with his job. He has an auto shop, and his speciality is electronic and computerized parts for cars. Many customers come to his shop so he can do work. There aren't many technicians who can fix this type of damage in vehicles. He wife helps him with his work, and his children also help when they can. He has had his shop for more than five years in a rented location. He also sells certain electronic spare parts since his job makes it easy to do and he can earn extra income. He is asking for another loan from his communal bank. He other loan helped him a lot because he bought various products that he was needing to improve his shop. With the profits, he could pay for some home expenses and also buy tools that he needed. He will use this loan to buy more electronic spare parts to stock his business. This is his sixth loan with his communal bank, and he likes the help that he receives through his loans. His dream is to have his own location so he does not have to pay rent.

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Translated from Spanish by Kiva volunteer Tanya Harper


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