A loan of $800 helped to buy clothing and shoes.

Rosa Margarita's story

The partners of The Communal Bank of Avenida Del Ejército meet every fifteen days in the city of Portoviejo, the capital of Manabí, which has been known for many years as the city of the royal tamarind trees.

Rosa is 35 years old, married, and has three children who are 11, 9, and 8 years old and study at school. He husband is a driver. She is a housewife who works selling clothing, shoes, and slippers by catalog, and with this she is able to obtain her own resources and help her husband with the household expenses. She works every day, going through the town for three days and then selling in her house when her customers need something. She sells her goods on credit and collects the amounts owed every eight days. Once a month she travels to Guayaquil where she can purchase products at a better price. She has spent more than ten years with this business, and it is going well for her.

This loan is for buying all types of clothes and shoes in various models. Rosa has three years of experience with the communal bank, and likes it because she can use the loan to finance her business. Her dream is to have a boutique.

Translator profile picture

Translated from Spanish by Kiva volunteer Jennifer Gilbert

Loan details

Lenders and lending teams

Loan details