A loan of $1,500 helped to buy clothing, glasses, plates and other plastic products.

Magdalena Guadalupe's story

The "Guerra de los Sexos" (War of the Sexes) communal bank meets every two weeks in Picoaza parish in the city of Portoviejo. This is a place known for being a commercial center, for its traditional San Pedro and San Pablo festivals, and for the rich historical culture that its mountains enclose.

Magdalena lives here. She is 35 years old and divorced, but has three children ages 17, 16 and 6. The two eldest go to high school and the youngest goes to primary school. She lives in her mother's house.

Magdalena has a sales business so that she can raise her children. She has a small shop in her mother's house, where she sells clothing, and plastic products. Customers find find some of everything in her shop: plates, spoons, glasses, containers, and other products. She sells the clothing in her shop, and also goes out to offer it to her customers, as this way she sells a great deal more.

She extends credit for purchase of the clothing, and collects weekly. She sells the plastic products for cash. She has more than a years with her business, and it allows her to help her children get ahead in life. This loan is for the purchase of clothing of all kinds, glasses, plates and other plastic products.

She has been in the communal bank for three years, and likes it because of the help they have given her through the loans. Her dream is to have a shop and her own house.

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Translated from Spanish by Kiva volunteer Jeff Goldie

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