A loan of $1,100 helped to buy clothes and shoes.

María De La Nube's story

María is an active member of “Génesis” communal bank and is taking out her 6th loan. She lives in the El Vecino sector in the city of Cuenca, a cold climate place surrounded by exuberant vegetation that’s been a Cultural Heritage of Humanity since December, 1999. Its residents are kind, gracious and still preserve the culture and traditions of its peoples.

María is 40-years-old, married and has had four children who are 22, 20, 13 and 10 years of age. Her two oldest children work to cover their personal expenses and her two youngest daughters attend the local elementary school. Her husband is a driver by profession and works driving a truck. The house she lives in is hers.

She’s a merchant; she sells shoes and clothes. She’s been in this activity for nine years. Two years ago she also started renting heavy machinery, an activity she does because her husband owns it and she helps manage the business. These jobs allow her to improve her home’s economy.

She used her previous loan to buy clothes and shoes and repaid the loan as scheduled. She will also use the new loan to buy clothes and shoes to continue growing in this business. She likes the communal bank because she meets with her girlfriends at each meeting and takes a break from her normal daily work routine.

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Translated from Spanish by Kiva volunteer Polliz

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