A loan of $1,700 helped to buy ice-creams, fizzy drinks, water and more.

Neyda Monserrate's story

The "Eloy Alfaro" communal bank meets every two weeks in the Montecristi area which is known for its rich, precolonial culture and its artisan crafts that are famous both nationally and internationally.It is from here that straw hats originate.

And it is here that Neyda lives. She is 35 years old, married and has three children - aged fourteen, eight, and two years old each. The two eldest children are in school. Neyda's husband is a construction worker.

In order to earn a little on her own and to cover the costs of her children's education, Neyda started her own little business ten years ago.

She runs it out of her home and as the days have gone by and with the help of loans, the business has improved. Neyda's business is an ice cream shop.

She sells a very well-known, national brand of ice cream, in addition to fizzy drinks, water, juices, energy drinks and other beverages.

She makes most of her sales on the weekend as many people in the area meet up at some courts in front of her house to play sports.

She is asking for another loan as this is how she has always financed her business. Her profits served her for certain medical expenses since one of her children was sick. Part of her profits went to this emergency and the rest was invested back in the business.

This loan is to buy ice cream, fizzy drinks, water and other products to sell.

She has been with the communal bank since the beginning and likes it because the loans help her to keep on improving her business. Her dream is to give her children the best she possibly can.


Translated from Spanish by Kiva volunteer Sofie Bjorksten

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