A loan of $1,300 helped to buy chickens and fish.

Manuela Idaelba's story

The “Virgen del Rosario” communal bank meets every two weeks in Colorado in Montecristi Canton known for its rich pre-colonial culture and for its crafts that are famous both nationally and internationally. Most residents here work making ‘tagua’ [ivory palm] buttons, crafts and in general commerce. Manuela, 57, lives here. She’s married and has five children who are all adults now; two of them still live at home. Her husband works in agriculture.

Manuela is a very good mother and wife who in order to earn something to help her husband with household expenses has a small farm where she raises up to 100 chickens per season. In addition to this she also works making and selling fish meal. She works every day at both businesses. She heads to Manta to buy fish that’s not used in tuna production and she takes it home to be processed into fish meal which she sells to merchants that export it abroad. She’s been in this activity for 8 years and has done well.

She is repeating her loan because thanks to profits from the previous one her husband was able to fix up a parcel of land they are going to plant on because winter is approaching. For her, the loans are always very important because she always invests profits to improve her economic situation.

This loan is to buy chicken feed and fish to make the fish meal. She’s been in the communal bank since its beginning and likes it because of the help she gets from the loans to get ahead. Her dream is to continue improving every day.

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Translated from Spanish by Kiva volunteer Polliz

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