A loan of $1,300 helped to buy pants, blouses, t-shirts, underwear, and children’s clothes.

Julia Monserrate's story

The Esfuerzo y Poder communal bank meets every 15 days in the Olmedo canton. This place is known for its beautiful scenery and for its hard-working people who work in agriculture and raise animals.

This is where Julia, age 59, lives. She is married, and they have five grown daughters. One of them still lives with her. Her husband is a merchant.

Julia and her husband sell all types of clothes together. They set up a small kiosk on one of the roads in the canton. They work every day. However, they sell the most on the week-ends because they are the fair days. That is when even people from the country come to the city to stock up on products.

They buy their merchandise in Guayaquil or they receive it at their kiosk when merchants come to deliver wholesale. They have been in this business for four years, and it is the source of their daily support.

They will use this loan to buy pants, blouses, t-shirts, underwear, and children’s clothes in order to stock their business even more. She has been in the communal bank for five years. She likes it because the loans have helped her a lot.

Her dream is to have a good place.

Translated from Spanish by Kiva volunteer Ginny Kalish

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Loan details