A loan of $1,600 helped to buy gas for home use.

Nola Asunción's story

Picoaza appears in the books as one of the aboriginal towns that’s part of the Manta culture. This urban parish is located just ten minutes from the city of Portoviejo, capital of Manta. The “María Asunción” communal bank meets here every fifteen days.

Nola, 61, lives here. Her husband died several years ago and she was left widowed but her marriage produced five children who are all adults now; one of her daughters and her little children live with her at home still.

In order to get ahead and to cover household expenses, Nola works in commerce. She has a depository where she sells water, sodas and beer at wholesale and retail according to her customers’ wishes. She also sells domestic use gas which sells very well because she’s the only gas seller in the sector. She works every day with her daughter’s help.

This loan is to buy gas for domestic use because she doesn’t have much left and needs more to meet customer need. She’s been in the communal bank since its beginning and likes it because of the help they give her with loans to get ahead. Her dream is to continue working in her business.

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Translated from Spanish by Kiva volunteer Polliz

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