A loan of $850 helped to purchase clothing, hats, phone cases, etc.

Elena Monserrate's story

The 30 de Agosto communal bank meets every 15 days in the Picoaza parish in the city of Portoviejo. The area is known for its commerce, its traditional San Pedro and San Pablo festivals, and for the joy of its people.

This is where Señora Elena lives. She is 32 years old, and is in a common-law relationship through which she has 4 children aged 16, 13, 4, and the youngest barely 3 months old. The two oldest are in high school. Her husband is a merchant.

Doña Elena is a very independent woman who likes to stand on her own and also help with loans for her husband, who, like her, works in commerce. While her husband goes as far as Manta to sell his merchandise, she does so as well but only locally. They sell underwear, tshirts, phone cases, hats, and various other products. He works every day almost all day while she works only in the mornings. They have been in this business for 15 years, and it allows them to get ahead.

She will use this loan to purchase clothing, hats, phone cases, etc. She has been with the communal bank for 4 years and she likes it because of the help it always provides through loans. Her dream is to purchase a car and to have a shop.

Translated from Spanish by Kiva volunteer Kristen McNeill

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