A loan of $1,275 helped to buy food and school supplies.

Ángel Miguel's story

The María Inmaculada communal bank meets every 15 days in the La Sequita parish in Montecristi. The canton is known for its famous straw hats that are valued in and outside of the country.

This is where Ángel, age 23, lives. He is in a common-law marriage, and they have a three year old child. His wife is a merchant.

Ángel and his wife have a food supply store in their house. They sell all types of supplies, grains, vegetables, meat, sausages, and drinks, among other things. His wife also sells sheets, curtains, and sunshades. In order to do so, she goes out to sell, and she also sells at their house. They work almost all day, every day. They work most of all on the week-ends, which is when they sell the most. He has been in the business for three years, and it allows him to get his family ahead.

He will use this loan to buy food supplies and school supplies in order to take advantage of the season when classes start. This is when he sells the most. He has been in the communal bank for over one year. He likes it because, with the loans, he is able to stock his business more.

His dream is to get ahead for his family’s well-being.

Translated from Spanish by Kiva volunteer Ginny Kalish

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