Funded

Total loan: $1,325
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Nelly Margot


A loan of $1,325 helped to buy clothing, diapers, and to repair her taxi.


Nelly Margot's story

The communal bank Bienestar y Progreso (Well-being and Progress) meets every other week in Colorado of the canton Montecristi. This area is known for its rich pre-colonial culture and for its nationally and internationally recognized artisanship. This is also the place of origin of the famous straw hats.

This is where Nelly (53 years old) lives. Her husband died a few years ago but she still lives with the youngest of their three children (who are now adults). For several years, Nelly has had to work by herself to help her children get ahead. She runs a business from her house, from which she sells all kinds of clothing, diapers, and gifts. Nelly also has a taxi that her son drives when he has time and is not studying in the University of Manta. Currently, Nelly pays a driver weekly for his work.

Nelly will use this loan to buy clothing, diapers, and to pay to repair her taxi. Nelly is a founding member of her communal bank group. She likes this bank because the loans have helped her to overcome some very difficult situations and she is very grateful. Her dreams are to move forward and enjoy her good health.

Translator profile picture

Translated from Spanish by Kiva volunteer Ellen Craven


Loan details

Loan length:

6 months
Disbursed date: June 17, 2013
Facilitated by Field Partner: Fundación ESPOIR

Lenders and lending teams



Loan details

Loan length:

6 months
Disbursed date: June 17, 2013
Facilitated by Field Partner: Fundación ESPOIR