Funded

Total loan: $975
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Carmen Pilar

Ecuador
Montecristi, Ecuador / Clothing Sales

A loan of $975 helped to purchase of pants, blouses, and all types of clothing.


Carmen Pilar's story

The Guillermo Balda Communal Bank meets every fifteen days in Montecristi Canton, known for its rich pre-colonial culture. It is also recognized, nationally and internationally, for its artisanship and is the home of the famous Panama hats.

Carmen lives here. She is 25 years old and married with two children, ages 8 and 5, and a 2 month old baby. The two older children are in school and her husband is a bricklayer. She is a very good wife and mother. Sometimes, her husband doesn’t have work, so in order to help with household expenses, she is engaged in a business in which she sells all types of clothing. She sells door-to-door, leaving her merchandise on credit and collects payments every eight days. She buys her merchandise in Guayaquil and Huaquillas because she can get it more cheaply there and in this way, earn more profits.

She started her business with the first loan that she received from the communal bank for which she is very grateful. This loan is for the purchase of pants, blouses, and all types of clothing. She is in her seventh loan cycle with the communal bank and she is pleased with it because she started her business with the first loan. Her dream is to provide better for her children.

Translated from Spanish by Kiva volunteer Eleanor Francoletti-Putz


Loan details

Loan length:

7 months
Disbursed date: December 28, 2012
Facilitated by Field Partner: Fundación ESPOIR

Lenders and lending teams



Loan details

Loan length:

7 months
Disbursed date: December 28, 2012
Facilitated by Field Partner: Fundación ESPOIR