A loan of $1,025 helped to buy irons, juicers, pots and pans, dishes, etc.

Consuelo Margarita'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 Consuelo, 43, lives. She is married and has a 12-year-old son who attends school. Her husband is a merchant.

Consuelo is a good wife who is requesting the loan to help her husband in his business. He sells household products such as irons, dishes, pots and pans, juicers and other products. Every day he travels to other cities, especially to the rural areas where sales volume is highest. He sells on a credit basis and collects payment every eight days. For over 20 years he has earned a living this way to provide for his family.

This loan will be used to buy irons, juicers, pots and pans, dishes, etc. Consuelo has been a member of the communal bank since its beginnings and she likes the fact that she is able to obtain loans to to help her husband.

Her goal is to open a shop in the city center.

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Translated from Spanish by Kiva volunteer Sherry Bess

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Loan details