A loan of $1,600 helped to buy crafts.

Yuri Monserrate's story

The “La Pila” communal bank meets every two weeks in La Pila in Montecristi canton. This place is very well-known in the province and in the country for its rich traditional culture. A vast variety of crafts manufactured by the residents using their ancestral methods can be found here.

Yuri, 25, lives here. She’s in a common law relationship and has a five-year-old daughter who started Kindergarten this year. Her husband’s a merchant.

Yuri is a great woman who in addition to caring for her home also works in commerce. She and her husband buy and sell ceramic decorations in all varieties and styles. She has a locale in her in-laws’ house and they don’t have to pay rent on it since it belongs to her husband’s family. They work every day from 8am until 5pm. She works in conjunction with her husband. He is in charge of giving the items the final touches since they purchase them semi-finished from local artisans to then sell them to their customers. They’ve been in business five years and it makes it possible for them to get ahead.

This loan is to buy all types and models of crafts to stock their business. She’s been in the communal bank five years and likes it because they started the business with their first loan. Her dream is to own a house because they currently live in her in-laws’ house.

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Translated from Spanish by Kiva volunteer Polliz

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