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Paula Cleotilde
The Banco Comunal María Monserrate (Maria Monserrate Communal Bank) meets every two weeks in Montecristi Canton, renowned for its rich pre-colonial culture and for its handicrafts which are recognized nationally and internationally. It is the home of the famous Panama hat.

This is where 65-year-old Paula lives. Her husband passed away several years ago and left her a widow. But she has 3 grown daughters from this relationship, two of whom are married and live there with their families.

Paula is a very tenacious woman who likes to do things for herself to get ahead. She works selling all types of clothing, so she is always searching for what is in season in order to have more turnover. Her type of sales is door-to-door but she also sells from her house, where her customers come when she has new merchandise. She works every day. She extends credit to her customers and collects on a weekly basis. She has been engaged in this occupation for more than 3 years and things have gone very well for her.

This loan is to be used to purchase uniforms and underclothing for children, which is what she currently sells most. She is a founding member of the Communal Bank and she is pleased because she began her business with one of the loans.

Her dream is to have fixed premises for selling her merchandise.
View original language description ↓
EL Banco Comunal María Monserrate se reúne cada quince días en el Cantón Montecristi, conocido por su rica cultura pre colonial y por su artesanía que es reconocida a nivel nacional e internacional. Lugar de los famosos sombreros de paja toquilla.

En este lugar vive la señora Paula, tiene 65 años de edad, hace varios años su esposo falleció y quedo viuda pero de esa relación tiene 3 hijas mayores de edad, dos de ellas están casadas y viven allí con sus familias.

Doña Paula es una mujer muy luchadora que le gusta valerse por si misma para salir adelante, se dedica a la venta de ropa de todo tipo para lo cual siempre busca lo que este de temporada para que tengan más salida, su forma de venta es puerta a puerta pero también vende en su casa hasta donde llegan sus clientes cuando lleva mercadería nueva. Trabaja todos los días, deja a crédito a sus clientes y cobra todas las semanas. Tiene más de 3 años que se dedica a esta actividad y le ha ido muy bien.

Este crédito es para comprar uniformes y ropa interior para niños que es lo que más vende actualmente. Es socia fundadora del Banco comunal y le gusta porque con uno de los créditos empezó su negocio.

Su sueño es tener un local para vender su mercadería.

About Ecuador

  • $10,600
    Average annual income
  • 71
    View loans »
    Ecuador Loans Fundraising
  • $25,580,800
    Funds lent in using Kiva
  • US Dollars
    Loan transacted in USD

Success!! The loan was 100% repaid

A loan of $1,700 helped Paula Cleotilde to buy uniforms and underclothing for children.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
May 7, 2013
Jun 8, 2013
Currency Exchange Loss:
Oct 21, 2013