A loan of $650 helped to buy fish, plantain chips, sodas and other supplies..


Laura Monserrate's story

The María José Communal Bank meets every two weeks in the Picoaza parish in the city of Portoviejo, a place known for its commercial district, for its traditional celebrations of Saint Peter and Saint Paul and for the happiness of its people.

Laura lives in this place. She is 30 years old and she has a common law marriage from which she has three children, ages 9 and 2, and a 5-month-old baby. The eldest studies at school. Her spouse makes a living in his family business.

Laura and her spouse have a small restaurant outside their house in which they prepare and sell delicious ceviche made from fish and other seafood. They work every day from 6:00 to 6:00 except for Wednesday, which is their day off. They have had their business for two years and it has gone very well for them because their customers prefer them because their ceviche is delicious and their customers are happy with the customer service they give to each one of them.

She will use this credit to buy fish, plaintain chips, sodas and other supplies to prepare the food. She has been with the Communal Bank for two years and she likes it because she started her business with the first credit. Her goals are to get ahead in her business and to give her children a good education.

Translated from Spanish by Kiva volunteer Katherine Beck


Loan details


Lenders and lending teams



Loan details