A loan of $1,525 helped to buy groceries and sodas.

Ángel Miguel's story

The communal bank "María Inmaculada" meets every 15 days in the parish of La Sequita in Montecristi, a place known both nationally and internationally for its famous straw hat.

This is where Ángel, 23, lives with his common-law wife and three-year-old son. His wife is a merchant.

Ángel runs a grocery store at home where he and his wife sell all kinds of groceries, grains, pulses, meat, sausages, beverages and other items. His wife also sells sheets, curtains and blinds as a street vendor and from home. They work all day and almost every day, including weekends which is when they register the highest sales volume. He has been in business for three years which has allowed him to support the family.

This loan will be used to buy more groceries and sodas to improve business. Ángel has been in the group for over a year and he likes it because the loans allow him to stock more merchandise.

His goal is to continue working for his family's well-being.

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Translated from Spanish by Kiva volunteer Sherry Bess

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