A loan of $1,525 helped to buy pants, blouses, t-shirts and children's clothing.

Deice Mireya's story

The 'De Colorado' community bank meet every two weeks in Colorado, in Montecristi canton. This area is noted for its rich pre-colonial culture and for its handicrafts which are well known both at home and abroad. It is home to the famous Panama hat.

This is where Deice lives. She is 48 years old, married, and has three children, two of whom are already adults. Her youngest is 17 years old and in high school. Two of her children still live with her. Her husband is a driver and owns a bus.

Deice is a housewife. In order to make her own money she sells all kinds of clothing. She makes her sales door to door and also sells from home where her customers come to buy her goods. She works every day, mainly in the mornings. She leaves her products with her customers on credit and collects payment every two weeks. She buys her merchandise in Guayaquil and also receives some from Colombia. She has been in this business for 14 years and started out with her first loan from the institution.

Deice will use this loan to buy more merchandise such as pants, blouses, t-shirts and children's clothing so that she can make the most of the Christmas and New Year season. Deice is a founding member of her community bank and likes it because the interest rates are lower than they are with other loan institutions.

Deice's dream is to see her son become a successful professional.

Translated from Spanish by Kiva volunteer Linda Oxnard

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