A loan of $1,600 helped to purchase clothes, shoes, jewelry, and other items.

Ana Monserrate's story

The members of the Mujeres Por El Progreso (Women for Progress) community bank meet every 15 days in Montecristi, a city known for its great diversity of traditional products, for example the sombreros known far and wide throughout the country. Here lives María, a 44-year-old married mother of four children, who are all grown up but still live at home. Her husband is a private employee. To earn a wage so she can make headway and help her husband with household expenses, María makes a living selling all kinds of clothes. She sells door to door and also sells from her house since customers visit her when they need some item or when she gets new merchandise. She goes out to sell three days a week and does it on credit, and she collects every 15 days. Currently, she is also selling shoes and jewelry, with which her business has grown, and she sells these items at the same time she is selling the clothes. She buys her merchandise from the city of Guayaquil whenever she needs it. She has done this activity for five years and it is going very well. With this loan, she plans to purchase clothes, shoes, jewelry and other items. She has been with the community bank for more than 10 years, and she likes it because of the help she always receives to keep moving forward. Her dream is to have a big store.

Translated from Spanish by Kiva volunteer Marty Greenstein

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