A loan of $1,300 helped to buy pants, shirts, blouses and telephone cards.


Ricsy Monserrate's story

The communal bank Soraya meets every two weeks in Montecristi, known for its rich pre-colonial culture and its handicrafts which are recognized nationally and internationally; a place known for its famous Panama hats. Ricsy lives here. She is 35 years old and is in a common-law relationship which she has two children ages 14 and 11 who attend school. Her husband is abroad.

Ricsy is a hardworking woman who likes to earn her own income so that she doesn’t need to depend on anyone. She has an establishment where she provides telephone service booths and sells telephone cards as well she has a shop window where she sells all kinds of clothing even though twice a week she sells door to door. She works every day from 8am to 10pm; her merchandise is purchased on credit and paid for every two weeks. She buys the clothes in Guayaquil whenever she needs it. She has been doing this for 6 years and is doing very well.

This loan is to buy pants, shirts, blouses and phone cards. She is a founding member of the communal bank and she likes it because the loans help her a lot.

Her goal is to have a bar or a nightclub.

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Translated from Spanish by Kiva volunteer Diana Lima


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