A loan of $1,700 helped to buy clothing, glasses, and hats.

Francisca Margarita's story

The communal bank Maria Monserrate meets every two weeks in the Montecristi canton, which is known for its rich precolonial culture and for its handicrafts, which are known at a national and international level. It is the location of the famous hats of toquilla straw.

Señora Francisca lives here. She is 46 years old. She is married and has a son who is 18 and is studying at the university. Her husband is a businessman.

Doña Francisca, like her husband, works in commerce. She sells clothing of all types, glasses, and hats of toquilla straw, which are greatly valued, espacially by the tourists who visit the place. Her form of sales is walking through the streets, and on weekends she visits other cities such as Pedernales, Salinas, Canoa, etc., places where many tourists come. She buys her products in Guayaquil and also from craftspeople in her area. She has done this for more than 15 years, and it is her way of earning an honest living and giving the best education to her son.

She is going to use this loan to buy clothing, glasses, and hats. She has been in the communal bank for more than 14 years, and she likes it because of the benefits that the institution offers.

Her dream is to have her son finish his studies and become a professional.

Translated from Spanish by Kiva volunteer Pam McMurry

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