A loan of $1,300 helped to purchase food items and school supplies.

Rosario Paulina's story

The Guillermo Balda community bank meets every two weeks in the Montecristi canton, which is known for its rich pre-colonial culture and its nationally and internationally known crafts. It is also the place where the famous Panama hats are from.

Rosario is 41 years old, married, and has three children. Two of them are adults and her youngest daughter is 6 years old, goes to school, and is the only one who lives with her. Her husband is an artisan.

Rosario has a small general store in her home where she sells food items as well as fruits, legumes, stationary products, and housewares. She works every day starting at dawn, since that is the time her customers come to buy products to consume that day. She gives credit to certain trusted customers until the 15th or end of the month. This earns her more customers and her sales always improve. She has had this business for more than five years and she is very satisfied with it since she is able to earn money without leaving home.

She is requesting this loan to increase stock in her store, so she will purchase food items and school supplies. This is her fifth loan with the community bank and she likes it for the benefits and help that the institution provides.

Her dream is to continue expanding her business.

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Translated from Spanish by Kiva volunteer Eileen Lloyd

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