A loan of $1,425 helped to buy fish.


Mercedes Eulalia's story

The Banco Comunal Virgen Del Rosario [Virgin of the Rosary Communal Bank] gathers every two weeks in Colorado del Cantón Montecristi, known for its rich precolonial history and world renown handicrafts. Most of its inhabitants make a living from the manufacture of vegetable ivory buttons, handicrafts and commerce.

This is the place where Mrs. Mercedes lives. She is 47 years old, married and has three adult children, two of which live with her. His husband is an artisan.

Mercedes is requesting this loan to help her husband in his work. He has a small factory in which fishmeal is made. He and their children work Monday to Friday making this product. He goes first to Manta to buy the fish parts that are not used by tuna factories, which after being processed are then delivered to sellers who export it since this item is used widely abroad. He has been doing this for more than 15 years, and has been able to provide for his family by doing so.

This loan will be used to buy fish to elaborate the fishmeal. She has been in the Banco Comunal for 6 lending cycles, and likes it because of the help that they give her.

Her dream is to move on.

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Translated from Spanish by Kiva volunteer Ken Arroyo Ohori


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