A loan of $650 helped to buy insecticides and agricultural supplies.

Paula Monserrate's story

The Communal Bank "Amor y Paz" meets every fifteen days in the parish of Calderón in the city of Portoviejo. In this area the people work in agriculture, raising livestock and selling their products.

Paula, 39, lives here and is married to her husband with whom she has three children. One is of independent age and the other two are 16 and 14 years old. The oldest studies at a university and the two youngest go to high school. Her husband makes a living in agriculture.

She works together with her husband and children in agriculture and the sale of their products. They grow plantains, cassava and peanuts. When they harvest their products they deliver them to merchants that come to the area and also bring them to Manta, Chone and Portoviejo. They also sell by-products including cassava starch that they also deliver to the cities mentioned. They work in the land from 7:00 am until 3:00 pm. During the periods of difficult work they contract three workers whom they pay a weekly salary for their work.

This new credit will be used to buy insecticides and agricultural supplies. She has been in the Communal Bank since it began and is a founding member. She likes the bank for the help that she has received.

Her goal is for her children to finish their studies and become professionals.

Translated from Spanish by Kiva volunteer Gina Cappuccitti

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Loan details