A loan of $6,600 helped a member buy fertilizer and manure.

Sembrando Esperanza (Tosagua) Group's story

The communal bank "Sembrando Esperanza" [sowing hope] meets every two weeks in the Tasagua district. This place is known to be very dynamic and the majority of it's residents work in farming and in raising livestock, due to the area's large amount of vegetation.

This is a group made up of 13 women and 1 man who decided to come together and form this communal bank. It is very helpful to them, since with the loans they receive they will improve their small businesses. They work in various fields, including retail, ranching, and farming.

Eugenia lives in this place. She is 29-years-old, married (common-law), and has two children in school (9 and 5 years of age) with her husband, who is a farmer.

Eugenia is a very good wife and helps with the household expenses by raising chickens. Years ago, she built a small chicken coop that fits 200 chickens per season.

In addition, she is taking out this loan so her husband can use it in his work. He has crops of rice, corn, and peanuts and at this time needs money to buy fertilizer and insecticide in order to have a better harvest this winter. She for her part doesn't have many chickens during this time because during this time of year she loses chickens. For this reason, she doesn't take the risk. When the chickens are large she delivers them to local traders and stores.

This loan is to buy fertilizer and manure in order to have a very good harvest. She has been with this community bank since it's opening and is glad for the help that it always gives her with loans.

Her dream is that her children complete their studies.

In this group: Nanci Dolores, María Monserrate*, Alexandra Yaqueline, Nancy Monserrate, Angela Magdalena, Gema Daniela, Logia Marina, María Andrea, Gema Marina, María Elizabeth, Yesenia Alexi*, Eugenia Marilu, Tomas Geremias, Diana Amabilia
*not pictured

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Translated from Spanish by Kiva volunteer Patrick Bales

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