A loan of $6,500 helped a member to buy pants, blouses, t-shirts, and clothing for the beach.


6 De Diciembre (Montecristi) Group's story

The “6 de diciembre” communal bank meets every 15 days in the cantón of Montecristi, which is known for its rich pre-colonial culture and for its crafts, which are recognized at the national and international level. It is the home of the famous hats made from palm fibers [so-called “Panama” hats].

This is a group of 11 women and 2 men who decided to come together and form a communal bank, which has been of great help to them. Because of the loans, they have been able to improve their small businesses and their quality of life. They are people of humble means who live on what little they earn. They work in a variety of businesses, such as sales, services, selling food, etc.

One of the members of the group is Danny. She is 33 years old. She is in a common-law marriage, from which she has two children who are 13 and 11 and who are studying in school. Her husband is a farmer. Danny, in order to help her husband with the household expenses, sells all kinds of clothing via door-to-door sales. She works all over the city, three days per week, usually in the mornings, since that’s when her children are in school. She also goes with her husband to help him with his labors in the fields, especially during winter, which is when he does most of his planting.

She sells to her clients on credit and then charges them every 8 days. She has been in this business for three years, and thanks to her earnings, they have gotten ahead; the farming activities alone often don’t result in much income. She will use this loan to buy more merchandise, such as pants, blouses, t-shirts, and clothing for the beach, which is what is selling best at the moment. This is her first loan cycle in the communal bank and she likes it because of the terms for obtaining loans.

Her dream is for her children to finish their studies so they can be sucessful professionals.

In this group: Juana Monserrate, Gissell Johana, Adriana Maricela, Tatiana Cumanda, Verónica Del Pilar, Jamil Isaac, Kathy Sonia, Angela Moncerrate, Luis Enrique, Verónica Del Rocio, Sabina Zoraida, Marcia Daniela, Danny Isabel

Translated from Spanish by Kiva volunteer Jennifer Day


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