A loan of $1,600 helped to purchase pants, blouses, T-shirts and children's clothing.

Ángela Victoria's story

The 24 de Diciembre Communal Bank meets every fifteen days in Montecristi Canton, known for its rich pre-colonial cultural and for its handicrafts, which are renowned both nationally and internationally. This is also the place of the famous panama straw hat.

This is where Sra. Angela lives. She is 36 years old and married. She and her husband have four children who are 16, 14, 13 and 11 years of age. The oldest three are in secondary school and the youngest is in primary school. Her husband works on a fishing boat.

Doña Angela is a housewife who sells all kinds of clothing in order to earn her own income. She sells door to door and also has display cabinets in her home where she offers her wares. She works every weekend and allows her customers to buy on credit and collects from them every week. She purchases her merchandise in Guayaquil whenever she needs to. She has had this business for four years and started it with her first loan.

She will use this loan to purchase more merchandise, such as pants, blouses, T-shirts and children’s clothing. She has been a member of this communal bank for four years and she enjoys it because her colleagues are very responsible.

Her dream is to have her own boat.

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Translated from Spanish by Kiva volunteer Diane Chaney

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