A loan of $1,075 helped to buy pants, blouses, t-shirts and shoes.

Rosa Elvia's story

The communal bank "30 de Agosto" meets in the parish of Picoaza in the city of Portoviejo. It is a very commercial place known for its traditional Saint Peter and Saint Paul festivities and for the cheerfulness of its people.

This is where Rosa, 51, lives. She is married and has three adult children, one of whom still lives at home. Her husband works for the state.

In order to earn her own income and help the household economy, Rosa sells all kinds of clothing and shoes by catalogue. She sells door-to-door and also from home where she has display cases. She works every day and sells on credit, collecting payment every 15 days. When she needs to buy merchandise she goes to Guayaquil. She has been in business for five years and things are going well for her.

This loan will allow her to buy more goods such as pants, blouses, t-shirts and shoes. She has been a member of the communal bank since its beginnings and she likes it because the loans allow her to finance her business.

Her goal is to have a large shop in the city center.

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Translated from Spanish by Kiva volunteer Sherry Bess

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