A loan of $5,900 helped a member to buy rice, sugar, and other basic foodstuffs.

Efren Flor (Portoviejo) Group's story

The "Efrén Flor" communal bank meets every fifteen days in the parish of Picoaza of the city of Portoviejo. This place is renowned for being a very commercial area, for its traditional feasts of San Pedro and San Pablo, and for its joyful people.

This is a group of people who, some time ago, decided to unite and create the communal bank. It has served them well, because the loans have enabled them to improve their small businesses. They work in various activities such as commerce, services, and food sales amongst others.

One of the members of this group is Señora Mireya. She is 50 years old, has a partner with whom she has four children. All of them are grown up, but they still live at home. Her husband works transporting goods with his tricycle.

Mireya is a very hard-working and active housewife, who works in commerce to earn her own money and contribute to household expenses. She has a small convenience store in her home. Although her business is small, her customers can find everything they need there, from grains to vegetables and meat. That is why, in spite of the fact that her business is only two years old, her customer base has grown significantly. Today, with the help of loans she has received from the bank, her business increases every day. This helps a lot since there are days when her husband does not earn anything with his job.

She will use this loan to buy rice, sugar, and other basic foodstuffs. She has been a member of the communal bank from the start, and she likes it because of the help she gets from loans to succeed.

Her dream is to buy a car so that her husband can transport his cargo.

In this group: Rosa Asuncion, Mireya Serenovia, Mercedes Geoconda, Zoila Matilde, Katherine Alexandra, Diana Aracely, Blanca Eufemia, María Esperanza, María Mercedes*, Carlos German, José Silverio, Irene Soledad*, Dolores Monserrate, Rosa Mercedes

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Translated from Spanish by Kiva volunteer Chloe Pilpel

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