A loan of $950 helped to buy tagua palms.

Lidia Alexandra's story

In Los Bajos de Montecristi, a city known for its great diversity of traditional products such as the straw hats known inside and outside of the country, every 15 days the members of the communal bank 4 de Noviembre meet.

Lidia lives in this place. She is 35 years old and married, and from this relationship she has three children who are 11, 9, and 3 years old. The two oldest children study in school. Her husband is a merchant.

Lidia has a small button factory. With the help of previous loans, she bought what was necessary to be able to begin her business, and currently she has two machines that create these products. Every week, she turns over her buttons to merchants that then sell them to exporters in the city of Manta, who then bring these buttons to other countries to finish. She works from Monday through Saturday with the help of a sister to whom she pays a monthly salary. She has worked in this business for four years, and it is going very well for her.

She is applying for a loan again to continue enlarging her business. She utilized the profits that she was left with to buy raw materials because with the winter scarcity they will become more expensive. This is why with what she has in reserve she will be left with better profits. This loan is to buy tagua palm to make the buttons. She has been with the communal bank for seven years and she likes this bank because, thanks to the loans, she was able to buy what was necessary for her to be able to have her factory.

Her dream is to have a much bigger company and machinery to be able to create a finished product.

Translated from Spanish by Kiva volunteer Sarah Tyler

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