A loan of $1,100 helped to buy supplies.

Holaya Auxiliadora's story

The communal bank of Colorado meets every two weeks in Colorado del Cantón Montecristi, known for its rich precolonial culture. Its local arts are recognized at the national and international levels. It is the home of the famous Panama straw hats.

Ms. Holaya lives in this city. She is 64 years old, is married, and has an adult son from her marriage. Although her son is engaged, he lives with Ms. Holaya, her husband, and her younger son. Her husband is a farmer, but does not work anymore due to his age.

Doña Holaya is in charge of the bar of a local school in the neighborhood where she lives. There, she sells all kinds of commercially prepared and homemade products. She prepares and sells corviches (an Ecuadorian dish made of green bananas and fish), empanadas, fruit juices, candies, sodas, and gelatins, among other things. With one of the previous loans she has received from the bank, she and her husband stocked a small grocery shop that they run together. She works Monday through Friday in the school bar, and has been doing this for more than 10 years. She has had her shop for one year, but has been stocking it little by little with help from loans.

This loan will be used to purchase the necessary supplies to prepare bocadillos (sandwiches)that she will sell in her bar. Doña Holaya has been a member of the communal bank for 8 years, and likes it because she has been able to begin her store with loan money.

Her dream is to continue to expand her shop.

Translated from Spanish by Kiva volunteer Kate Wegmann

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