A loan of $1,175 helped to buy supplies.

Nelly Monserrate's story

The Guillermo Balda communal bank meets every fortnight in the Montecristi canton. This area is known for its rich pre-colonial culture and crafts which are recognised nationally and internationally. It is home of the famous Panama hat.

Nelly lives here. She is 51 years old. She is married, having five children from this relationship, four of whom are grown up now. Her youngest child is 15 years old and is going to school. She is the only one of her children still living at home. Nelly’s husband is a craftsman.

In order to earn her own income which she uses to improve her life, several years ago she set up a small grocery store. This store has grown over the years, and with the help of loans that she has received. At present as well as groceries, she also sells fruit, vegetables, ice-cream, some drinks and household items. She also sells all kinds of clothes from the shop, which is very profitable. She has been running the business for 13 years. Her husband and daughter help her out when they are not busy.

She is requesting this loan to buy supplies in order for the store to have even more stock. She has been a member since the communal bank started. She likes it as they have helped her to grow her business.

Her dream is to have another premises in the city.

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Translated from Spanish by Kiva volunteer Suzanne Carey

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