A loan of $1,075 helped to buy rice, sugar, oil, detergents, and other grocery items.

Martha Mercedes's story

The Communal Bank “Virgen del Mar” meets every 15 days at the beautiful seaside resort of San Mateo in the city of Manta. This city is known for its beautiful beaches that are frequented throughout the year by local and foreign tourists. Most of the residents work in the fishing industry or have jobs that are related to the sea.

Sra. Martha lives in this place. She is 38 years old, married, and has four children (ages 15, 12, 9, and 8). The older children are in high school and the younger ones attend elementary school. Her husband is a fisherman.

Three years ago, Doña Martha used the first loan she received from the Communal Bank to start her own business. She renovated a space in her house for opening a small store. As time passed and with the help of the loans, her business has gradually improved. Martha works every day with the help of her children and her husband whenever they are able. Her business is open from 6:00 A.M. to 8:00 P.M. and sometimes even later. She has invested much effort and love into her store, which has helped her and her family to get ahead.

This loan will be used to buy more inventory for her store such as rice, sugar, oil, detergents, and other grocery items. Martha has been with the Communal Bank for three years and enjoys being a member because the loans have helped her to have a business.

Her dream is to have the best store in town.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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