A loan of $1,175 helped to buy groceries to stock her store.

María Del Carmen's story

The communal bank Eloy Alfaro meets twice a month in the canton of Montecristi, known for its rich precolonial culture and for its artisany. This place is known for its famous Panama hats.

María lives here. She is 40 years old, separated, and from this relationship has three children aged 22, 19, and 12 years old. The youngest is a student and lives with her.

In order to provide for her daughter and offer the best for her María works in commerce. She has a grocery store in her home. There she sells all types of products such as rice, sugar, oil, detergents, bananas, legumes, vegetables and fruit. She works every day from 6:00AM until 8:00PM and sometimes even later. Her daughter helps her when she is not busy with her homework from school but generally it is María who takes care of the business since it is there where she likes to be as besides making a living she enjoys hearing the neighborhood news. She has been doing this work for four years and is doing very well.

She is going to use this loan to invest in the purchase of groceries to supply her store. She has been with the communal bank for four years and she likes it because she began her business with her first loan allowing her to bring up her daughter on her own. Her dream is that her daughter becomes a professional.

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Translated from Spanish by Kiva volunteer Gail LeGrand

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