A loan of $1,525 helped to buy shoes and beads.

Magdalena De Jesús's story

The Community Bank "Los Corrales" (The Corrals) meets every 15 days in a place called Los Corrales, a few minutes from Montecristi, where the majority of people make a living in different activities such as crafts and general trade.

Magdalena, 45, lives here. She has a common law marriage and has four children with her partner, three of whom are older and the youngest is 17 and studying in high school. She is the only one that lives with Magdalena. Magdalena's husband is a merchant

Magdalena is a great housewife that, in order to be able to earn something for her own account and get ahead, makes a living selling shoes and beads. She sells door to door and also sells from her home where she has her merchandise available to her clients. She sells in cash and credit, with a two payment maximum. She works every day from 9:00 a.m. to 3:00 p.m. She purchases her merchandise in Guayaquil once a month since there are cheaper prices and more variety there.

She has been running this business for six years and thanks to her earnings, she is able to pay for her daughter's studies. This loan is for the purchase of shoes and beads. She has been part of the Community Bank since its beginnings and she likes it for the help she receives from the bank. Her dreams are to improve her home and that her daughter become a great professional.

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Translated from Spanish by Kiva volunteer Jamie Schau

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