A loan of $1,625 helped to buy pants, blouses, shirts, and children's clothing.

Ketty Alexandra's story

The communal bank "Colorado" meets every 15 days in Colorado, in the canton of Montecristi. This area is known for its rich pre-colonial culture and for its handicrafts that are known at the national and international level. This is where the famous "Panama Hats" made of woven straw are made.

Ketty is one of the founding members of the communal bank. She likes being a member, because the interest rates are lower than in other credit institutions. Ketty is 34 years old, married, and has 3 children aged 10, 7 and 1. Her two oldest children are in school, and her husband works as a taxi driver.

In addition to being a great mother and wife, Ketty is a businesswoman who sells all types of clothing. She sells door-to-door, and she also sells from her house where she has some glass display cases and where she receives her customers. She also works on the basis of orders. She works 3 days a week, mostly during the weekends in the morning. She sells on credit and collects every 15 days. She goes to Guayaquil to buy her merchandise each time she needs it. She's had this business for more than 10 years, and it is going very well.

Ketty will use this loan to buy more merchandise, such as: pants, blouses, shirts, and children's clothing.

Ketty's dream is that her children will always have everything they need.

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Translated from Spanish by Kiva volunteer Lisa Grobar

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