A loan of $1,075 helped buy fish.

Paula Monserrate's story

The Calle America Communal Bank meets every 15 days in the Montecristi region, an area known for its rich pre-colonial culture and for its artisan crafts that are recognized at the national and international levels. This is the place with the famous straw sombreros.

In this place lives Paula. She is 32 years old, married, and from this relationship has three children who are 12, nine, and seven years old. All of the children go to school. Her husband is a businessman.

Paula is taking out this loan for her husband's business. He sells fish. Every day he goes to the city of Manta where he buys good fish at a great price and later returns to Montecristi to go around the city on a tricycle, offering his products. He has had this business more than 18 years, and it was something that he learned as a little boy. Before, he used to help his mother with this business until he became independent. Now this is the source of income that the family uses to get ahead.

This loan is to purchase fish. Paula has been in the communal bank more than 13 years, and she likes it because the loans help them finance their business.

Her dream is to have a car so her husband can make his sales more comfortably.

Translator profile picture

Translated from Spanish by Kiva volunteer Olivia Shirley

Loan details

Lenders and lending teams

Loan details