A loan of $1,075 helped to buy inventory.

Consuelo Margarita's story

The “30 de Agosto” communal bank meets in the Picoaza parish of the city of Portoviejo, a place known as being a very commercial zone, for its traditional San Pedro and San Pablo festivals, and for the happiness of its people.

Consuelo lives here. She is 43 years old, married and has a 12 year old son who attends school Her husband is a merchant.

Consuelo is a good wife and is asking for this loan to help her husband. He is a merchant and sells household products such as irons, plates, pots, blenders, and other things. Each day he travels to other towns and to the country where he makes the most sales. He sells on credit and collects every week. He’s been doing this for 20 years and gets his family ahead with this business.

He will use this loan to buy irons, blenders, pots, plates, and other products that he sells. [Consuelo] has been in the communal bank since the beginning and she likes it because she can help her husband.

Her dream is to have her own shop in the city center.

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Translated from Spanish by Kiva volunteer Hugo Reyes

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