A loan of $750 helped to buy pants, blouses, shirts, and children's clothing.

Carlos Julio's story

The July 9th communal bank meets every 15 days in Cantón Montecristi, known for its rich pre-colonial culture and for its handcrafts which are recognized at a national and international level. It is also home to the famous straw hats.

This is where Señor Carlos lives. He is 49 years old and has a common-law marriage, but he was not able to have children. His wife is a craftswoman.

He is a very hard-working man who, in order to bring the daily bread home, makes a living through commerce. He sells all types of clothing and his method of selling is by going door to door, but he also sells from his home where his wife helps with his sales because she has a small beauty salon there and takes advantage of showing off her husband's merchandise. He works every day either in the mornings or in the afternoons, sells on credit to his customers, and charges every 15 days. He buys his merchandise in Guayaquil and also travels to Colombia to buy better merchandise for his customers. Carlos has spent more than 20 years making a living with this activity and has many customers.

He is going to use this loan to buy more merchandise like pants, blouses, shirts, and children's clothing. He has two loans from his communal bank and he likes it because the interest is low. His dreams are to continue moving forward in his business and in his family life.

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Translated from Spanish by Kiva volunteer Stephanie Sawyer

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