A loan of $6,100 helped a member to buy groceries.

Amigos Por Siempre Calle Chimborazo (Montecristi) Group's story

The communal bank "Amigos Por siempre Calle Chimborazo" meets every 15 days in Montecristi which is known for its rich pre-colonial culture and its handicrafts, renowned both nationally and internationally. It is also where the famous Panama hat is from.

The group is comprised of ten women and two men who are humble, hard-working people who decided to join together to help each other get ahead when they found out about the benefits offered by the institution. They are involved in different business activities such as crafts, commerce and other activities.

One of the members of the group is Narcisa who is 49 year old. Several years ago her husband passed away and of their six children, four are adults and two, ages 15 and ten, attend school. Three of the children still live at home.

Narcisa runs a grocery store at home and stocks many essential grocery products as well as bazaar and stationery goods. Her customers can find anything they are looking for at the store so they are very good and loyal; and she gives them the best customer service possible. Narcisa has been in business for ten years and used to share it with her husband when he was alive. Now it is her only source of income to provide for herself and her children.

This loan is to buy more groceries for her store. She has been involved with the communal bank for two loan cycles and likes the fact that the loans are very helpful to her. Her goal is to give the best she can to her children.

In this group: Ruth Elizabeth, Andreina Cecibel, Johanna Lissette, Jennifer Gissella, Jenny Verónica, Liliana Lourdes, Merida Nancy, Narcisa Natividad, Fabian Ignacio, José Luis*, Prissila Gabriela, María Cleofe
*not pictured

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Translated from Spanish by Kiva volunteer Sherry Bess

Loan details

Lenders and lending teams

Loan details