A loan of $1,600 helped to buy spare electrical parts for cars.


Santos Thony's story

The "Productivo" communal bank meets every fortnight in the Montecristi canton. This area is known for its rich, pre-colonial culture and its artisan products that are known both at national and international levels. Panama hats also originate from here.

And it is here that 49-year-old Santos lives. He has a partner, with whom he has two children aged 23 and 22 years old respectively. They are studying at university while Santos' wife is a housewife and helps Santos with his work.

Santos has a garage for motor vehicles, as well as a shop where he sells spare parts for cars. He also uses these spare parts for his own work. With these products on sale, Santos is sure to have sales as customers buy his spare parts. His specialty is electronics and the computing elements of vehicles. Santos has many customers who come for Santos to do work on their vehicles as there are not many technicians who can repair damage to these parts of vehicles. Santos' wife and children help when they can. Santos has had the business for over six years, during which time he has rented the workshop.

Santos will use this loan to buy spare electrical parts for cars that he needs to stock-up his business. He has been with the communal bank for three years and likes it because interest rates are much lower compared to other banks.

Santos' dream is to have his own premises so that he does not have to pay rent.

Translated from Spanish by Kiva volunteer Iain Gaw


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