A loan of $775 helped to buy clothes and housewares to sell.

Clara Luz's story

Clara is a member of the “Nuevos Horizontes” (New Horizons) communal bank. She lives in Cuenca, a city bathed by the waters of four rivers. Its architecture is a mix of the colonial and the modern. Its people are friendly, polite and warmhearted.

Clara is 70 years old and the single mother of three daughters who are all married. Two of them live independently and one lives with her, sharing household expenses. They do not own their house, so they rent.

Clara sells clothes and other items which she buys in the neighboring country of Peru. But the last time, her business there did not go very well, as they took away her merchandise and did not return it.

She has been doing this work for approximately 36 years, and it has allowed her to help her household be financially solvent.

She was delayed in paying back her loan because of the loss of her merchandise, but as she is a woman who works with determination, she has managed to pay off her loan completely.

She is going to use her new loan to buy clothing and housewares for the Christmas season. She likes the communal bank, as at each meeting, she is with her friends with whom she discusses various subjects of interest.

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Translated from Spanish by Kiva volunteer Jeff Goldie

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