A loan of $1,300 helped to buy pants, undershirts, and underwear.

Juan Carlos's story

The communal bank "Unión Y Desarrollo" meets every 15 days in the "las Orquídeas" residential community of the city of Portoviejo, a place known for the warmth of its people and its initiative to move forward.

In this place there lives Juan. He is 31 years old and single, but he has a 7-year-old son who lives with the mother and goes to school. He has been with the communal bank for 1 year and he likes it because of the assistance and ease of obtaining loans.

He works in business, selling all types of clothing and his manner of selling is door-to-door. He goes around the city offering his garments to customers, and on the weekends, he travels to nearby cantons to take advantage of fair days which is when he sells the most. He works everyday. He leaves his customers on credit and collects every 10 or 15 days. He is going to buy his merchandise from Guayaquil each time that he needs it. He has been doing this activity for more than 3 years and it is going very well for him.

This loan is to buy pants, undershirts, and underwear.

His dreams are to have his own home since where he lives is rented and to keep increasing his sales.

Translated from Spanish by Kiva volunteer Jeremy Orloski

Loan details

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Loan details