A loan of $1,425 helped to buy provisions, flour and other ingredients to make bread.

Ángel Francisco's story

Every fortnight the members of the '17 de Julio' community bank meet in the city of Portoviejo, which has been known as 'the City of the Royal Tamarind Trees' since colonial times.

Angel, 62, lives in this city. He is divorced with two adult children from his previous marriage who live independently. At the moment he is living with his de facto with whom he also has two children who still live at home. His wife is a housewife.

Angel is a very enterprising man who likes to work to get ahead so that his family don't go without anything. He runs a mini market which he rents close to his home selling all kinds of provisions including fish, pulses and many other products. He also runs a bakery from the same store which is very busy since his customers can everything there. He works there with the help of all of his family as well as a worker whom he pays a monthly salary. As well as working for his family, Angel also provides a source of income for the person who works alongside them.

This loan will go towards buying more provisions to restock his mini market as well as flour and other ingredients to make bread. He has gone through five loan cycles with this community bank and he likes it because of the stability of the institution.

His dream is to keep his business running.

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Translated from Spanish by Kiva volunteer Suzanne Grasso

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