A loan of $975 helped to buy pants, blouses, and every other type of clothing item.


Patricia Jacqueline's story

The communal bank Guillermo Balda meets every fifteen days in the canton of Montecristi. This area is known for its rich pre-colonial culture and for its craftsmanship, which is renowned at both the national and international level. This is the place of the famous Panama hats. Patricia lives here. She is thirty-two years old. She is separated, but has two children (ages 15 and 12) from this past relationship who are now studying in high school. In order to move her children ahead, Patricia makes a living in doing domestic chores at another home in her town. However, in order to obtain more income apart from this work, she also makes a living as a merchant, selling all types of clothing. She sells door to door, and takes advantage of her free moments and weekends. She sells her merchandise on credit, and collects payments every fifteen days. Thanks to the loans, she was able to start this clothing business, which allows her to earn extra money for her children. This loan is for the purchase of pants, blouses, and all other types of clothing items. She has been a member of this communal bank since the beginning, and she likes it because the loans allow her to continue moving ahead alone with her children. Her dream is for her children to become professionals.

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Translated from Spanish by Kiva volunteer Christina Mellace


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