A loan of $1,075 helped to buy fish.


Rosa María's story

The María Monserrate communal bank meets every two weeks in the Montecristi canton, know for its rich pre-colonial culture and for its artisanal crafts known nationally and internationally. It is where the famous paja toquilla hats come from. This is where Rosa is from. She is 69. Several years ago, her husband died and she was widowed. From her marriage she has 7 grown children. One of them still lives wither her, as well as a 15 year old grandson who is like her son and goes to high school. In order to earn her own income, and get her children ahead, especially after her husband died, Rosa works as a merchant. she buys and sells fish. Four times a week she goes to the beaches of manta to buy the best products to later clean them and send them to Quito, where a son of hers lives who receives them and sells them there. She has had this business for more than 15 years and with it has been able to get ahead. She is going to invest this loan in buying fish. She has been in the communal bank since the beginning and she likes it because with the loans she has been able to get her children ahead. Her dream is to buy a car to transport her product.

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Translated from Spanish by Kiva volunteer Ellen Donohue


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