A loan of $6,450 helped a member to buy perfumes, lotions, cosmetics and jewellery.

Piedad Santana (Montecristi) Group's story

The communal bank Piedad Santana meets every fifteen days in the canton of Montecristi, which is known for its rich pre-colonial culture and its crafts, which are recognized at a national and international level. It is from here that the famous straw hats “paja toquilla” come from.

This is a group of twelve women who decided to unite several years ago to form this communal bank, which has helped them a lot since with their loans they have been able to improve their small businesses and their quality of life. They are humble people and live off of the little that they earn with their business activities. They dedicate themselves to different activities such as businesses, services, and food sales, among other things.

One of the members of this group is Ms. Elena, who is 33 years old, separated, and from this relationship has two children who are 16 and 12 years old. The youngest lives with her and goes to school, while the oldest lives with their father.

Ms. Elena is a woman who likes to get ahead on the basis of her effort. She sells Yanbal products (beauty products, cosmetics, perfume and women's accessories). She sells door-to-door every day, more often than not in the mornings because this is the time in which her child is at school. She also has several customers who come to her house to buy her products on a credit basis and she collects every weekend. She has been selling these products for the past eight years, and it is going very well.

This loan will be used in the purchase of perfumes, lotions, cosmetics and jewellery. She has been with this communal bank from the beginning and she likes it because of the help that the loans have given her.

Her dream is to get ahead.

The small photo is of a member that was not able to be present when the group photo was taken.

In this group: Elena Jacqueline, Consuelo Isabel, Stefania Pilar, Maira Annabel, Bella Pascuala, Mercedes Maribel, Paula Hortencia*, Ruth Abigail, María Lucia, Yuly María, Rebeca Mercedes, Nelby Janeth
*not pictured

Translated from Spanish by Kiva volunteer Alison Maddox

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