A loan of $1,100 helped to buy clothes, purses, perfume, etc.

Gema Dolores's story

The “El Pedregal” communal bank meets every two weeks in El Pedregal in Picoaza Parish in the city of Portoviejo, a place noted for being very commercial, for its traditional feast days of Saint Peter and Saint Paul and for the cheerfulness of its people. Gema, 21, lives here. She’s separated and has a three-year-old girl. She lives in her parents’ house.

Gema is a young woman who likes to fend for herself and with her efforts raise her daughter without depending on anyone else which is why she’s a merchant. She sells clothes, purses, certain perfume and costume jewelry via catalogue door to door. She sells on credit and collects every two weeks. She’s been in business a year and started it with the first loan she got from the institution for which she’s very grateful; this is how she earns her livelihood for her and her daughter.

She will use this loan to buy clothes, purses, perfumes and other things she sells. She’s been in the communal bank for a year and likes it because she started her business with the first loan. Her dream is that her daughter lacks nothing.

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Translated from Spanish by Kiva volunteer Polliz

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