Funded

Total loan: $1,625
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Mercedes Giannine

Ecuador
Portoviejo, Ecuador / Food Production/Sales

A loan of $1,625 helped to buy rice, sugar, peanuts, lentils, etc.


Mercedes Giannine's story

The Picoaza communal bank meets every fifteen days in Picoaza Parish in the city of Potoviejo, known for being a very commercial area, for its San Pedro and San Pablo festivals, and for the rich cultural history of its mountains.

Here lives Mercedes, thirty-three. She and her common-law partner have three children, twelve-, eleven-, and ten-years-old. The elder ones are in middle school and the youngest is in grade school. Her husband is in the military.

To earn her own money to help with household expenses and the children's schooling, Mercedes has a shop in her house where she sells items like rice, sugar, peanuts, lentils, etc. She works every day from 8AM until 6PM. She also sells phone cards which brings in some extra income. By working this way she can earn some income without leaving the house where she looks after the needs of her young children. She's had the business for four years and it has gone well.

Mercedes plans to use her loan to buy rice, sugar, peanuts, lentils and other items to sell. She's been with the bank from the beginning and likes it because she's been able to grow her business more with the loans.

Her dream is to have a locale in the center of the city.

Translator profile picture

Translated from Spanish by Kiva volunteer Jill Heske


Loan details

Loan length:

8 months
Disbursed date: March 21, 2013
Facilitated by Field Partner: Fundación ESPOIR

Lenders and lending teams



Loan details

Loan length:

8 months
Disbursed date: March 21, 2013
Facilitated by Field Partner: Fundación ESPOIR