A loan of $550 helped to stock her store.

Luz María's story

The “La Inmaculada” communal bank meets every two weeks in the city of Tosagua. This place is known for being very dynamic and most of its residents are farmers and raise animals. It’s a vegetation-rich zone.

Luz is 45 years old and is the single mother of four children, ages 30, 28, 22, and 20. All live at home and her youngest daughter studies at university.

Luz has a store in her home where she sells products such as rice, sugar, cooking oils, detergents, etc. She works daily from 6:00 am to 8:00 pm and sometimes later. Her children help her with her work and she buys her products in downtown Tosagua, although she gets most of her products locally. She’s been doing this for four years and began with the money from the first loan she received from the bank, for which she is very happy because she can pay her expenses and for her daughter’s education.

She will use the money from this loan to stock her store and buy rice, sugar, cooking oil, detergents, sausages, and other primary needs products. She has been with the communal bank for four years and she likes the help she got for starting her business which now allows her to earn a living and support her family.

Her dream is for her daughter to become a professional.

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Translated from Spanish by Kiva volunteer Hugo Reyes

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