A loan of $1,625 helped to buy rice, sugar, oil, detergents, sausages and other staple goods.

Inés Alexandra's story

The El Pedregal Communal Bank meets every 15 days in El Pedregal, in Picoaza parish of the city of Portoviejo. It is a place known for being a very commercial zone, for its traditional festivals of San Pedro and San Pablo, and for its joyful people.

This is where Inés lives. She is 39 years old and in a common-law marriage from which she has three children, ages 18, 5 and 2 years old. Her two older children are studying in university and school, respectively. Her husband is a merchant.

Together with her husband, Inés has a grocery store in her house. She sells all types of products like rice, sugar, oil, detergents, legumes, vegetables, fruits, and certain meats and sausages. They work every day from 6:00 AM until 8:00 PM and sometimes later. Their son also helps them when he is not busy and is able to. They have had this business for over ten years and it provides what they need to live. Little by little, it has been growing as the days pass.

This loan will be used to better stock Inés' store. She is going to buy rice, sugar, oil, detergents, sausages and other staple products. Inés as been in the communal bank for four cycles now and she likes it because, with the loans, she has bought new products that have helped improve her business.

Her goals are to continue moving her business forward and for it to grow more each day.

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Translated from Spanish by Kiva volunteer Katie Kavanagh

Loan details

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Loan details