A loan of $6,200 helped a member to buy clothes.

5 De Marzo (Portoviejo) Group's story

The “5 de Mayo” communal bank meets every two weeks in Portoviejo, a beautiful, hospitable city known as “City of the Royal Tamarinds,” that has many tourist attractions and a varied, delicious cuisine.

This is a group of 12 women and two men who decided some time ago to join together to receive the help the bank gives by means of loans. They carry out a variety of activities like commerce, food sales and some are service providers.

One of the members of this group is Katty, 28. She’s married and has two children who are 9 and 5 years of age and attend school. Her husband’s a bricklayer.

Katty’s a housewife who in order to earn her own income works selling all types of clothes door to door and also at home where her customers come by. Most of her sales are based on prior orders. She works every day mostly in the morning which is when her children are in school. She sells on credit and collects payment every fifteen days. She goes to Guayaquil to buy merchandise whenever she needs to. She’s been in this activity for four years and thanks to her profits they get ahead because sometimes her husband is without work for several days.

She will use this loan to buy more merchandise like pants, blouses, shirts and beach clothes which is what sells most this season. She’s been in the communal bank since its start and she likes it because of the help she gets from it. Her dream is to give her children the best.

In this group: Juana Estrella, Katty Elizabeth, Diana Maritza, Gabriela Margarita, Jessica Lissette, Vielka Andreina, Victoria Asencion, Arecio Damian, Ligia Estela, Jessica Narcisa, Walter Daniel, Maricela Magdalena, Rosa Liliana*, Jennifer Yalili*
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

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