A loan of $975 helped to buy flour, eggs, and butter for baking, as well as groceries for her store.

Laura María's story

Sra. Laura has been an active member of the Communal Bank “La Merced” for some time. She lives in the parish of Santa Ana in Cuenca, a city that has an architectural mix of the ancient and the modern. From the central parish, one can admire all of the city of Cuenca. The people are friendly and kind.

Sra. Laura is 37 years old, married, and has four children (ages 16, 12, 9, and 6). The two older children are in high school and the two younger children attend an elementary school in their community. Her husband works as a private employee. They own the house in which they live.

Sra. Laura is a very hardworking woman. She has been managing a store for a few years and over time she added a bakery. Through her work, she has been able to improve the financial stability of her household and also help her family get ahead.

The money from this loan will be invested in the purchase of products for her bakery. She will be able to generate good earnings and pay off her loan without difficulty. Her new loan will be invested in the purchase of flour, eggs, and butter for making bread. She will also buy groceries for her store. Laura enjoys the unity, solidarity, and camaraderie that exists among all of the members of her Communal Bank group.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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