A loan of $975 helped to buy clothing for resale.

Matilde Etelvina's story

The members of the Los Compañeros communal bank meet every two weeks in the city of Portoviejo, capital of Manabí, known as the city of the royal tamarinds. Matilde lives here. She is 34 years old, married, and has a one year old daughter. Her husband is a security guard.

Matilde, in order to earn an income and help her husband with the household expenses, sells all types of clothing. She recently used the money from a previous loan to start selling children’s sandals and shoes around the city, two days a week. She also sells from her home, where her best customers visit her. She buys her merchandise in Guayaquil whenever she needs to and has been doing this for seven years. Things have gone well for her. Most of her sales are women’s clothing.

She will use the money from this loan to buy items such as pants, blouses, t-shirts, and children’s clothing. This will be her second cycle in the communal bank and she likes it because she improves her business more with each loan.

She hopes to be able to fix up her home with all the comforts.

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Translated from Spanish by Kiva volunteer Hugo Reyes

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