A loan of $1,075 helped to buy clothes, awnings, sheets, wallets, etc.

Carmen Mercedes's story

The community bank, El Paraíso [Paradise], meets every fifteen days in the parish Picoaza in the city of Portoviejo, which is a place known for being a very commercial zone, for its traditional celebrations of Saints Peter and Paul, and for the happiness of its people.

In this place lives Carmen who is 46 years old, married and from this relationship she has five children, four of whom are adults and the youngest is 12 years old and in school. Two of her children still live with her. Her husband is a businessman.

Carmen has a shop in the center of Picoaza in which she sells all types of clothes. There, her customers can also find sheets, awnings, pillows, wallets, and curtains, among other things. She works everyday from 8:00 to 18:00 with the help of her daughter and her husband. Many people come to her shop because they find the cheapest products in the center of the city, with the same or better quality. She buys in Huaquillas or in Guayaquil each time she needs merchandise. She has had this business for 16 years and it is going very well as she can count on having a lot of customers.

This loan is going to be used to buy more merchandise such as all kinds of clothes, awnings, sheets, and wallets, among other things, that she sells in her shop. She has been in the community bank for two years and she likes it because the loans serve to help her a lot.

Her dream is to continue expanding her shop.

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Translated from Spanish by Kiva volunteer Mallie Al-Khafaji

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