A loan of $1,425 helped to buy perfume, cream, cosmetics and women's clothing.


Narcisa De Las Mercedes's story

The members of the “Juntas Creceremos” (We Will Grow Together) communal bank meet every fifteen days in the sector known as Cadí in the city of Portoviejo, capital of Manabí, known for many years as the “City of Royal Tamarinds.”

Narcisa, 54, lives here. She’s married and has five daughters who are all married adults now. Three grandchildren who are 21, 18 and 14 and who attend university and secondary school live with her. Her husband works in agriculture.

Narcisa’s a housewife who in order to earn her own resources works selling clothes by catalog and Yanbal products (beauty products, cosmetics, perfumery and women’s accessories). She works three days a week and sells on credit collecting weekly or biweekly according to customers’ wishes. Among what she sells the most are the cosmetics, creams, perfume and women’s clothes. She started this business with the first loan she got from the communal bank which helps her get ahead.

This loan is to buy perfume, cream, cosmetics and women’s clothes. She’s a founding member of the communal bank and likes it because interest is very low and because the terms for getting loans are easy. Her dream is to make home improvements.

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Translated from Spanish by Kiva volunteer Polliz


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