A loan of $1,075 helped to buy clothes and costume jewelry.

Karen Sofia's story

The “Al Progreso” (To Progress) communal bank meets every fifteen days in Montecristi Canton known for its rich pre-colonial culture and for its crafts that are renown nationally and internationally; it’s where the famous straw hats come from.

Karen, 24, lives here. She’s single living in her parents’ house and about to finish her career in Communications at a university in Manta. In addition to her studies, she also sells all types of cloths and costume jewelry of the Vizzón brand. She sells door to door and also at the university where she’s attending classes. She sells to her classmates and acquaintances and also takes advantage of her free time to sell. She sells on credit and collects every fifteen days. She receives her merchandise at home from a woman who delivers it to her there. She’s been in this activity for five years and is able to pay for her studies that way.

She will use this loan to buy more merchandise like pants, blouses, t-shirts and costume jewelry. She’s been in the communal bank for 5 years and likes it because thanks to the loans she’s has been able to open a business that provides her with income to pay for her schooling. Her dream is to become a professional.

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Translated from Spanish by Kiva volunteer Polliz

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