A loan of $1,425 helped to buy rice, sugar, oil, detergent and other staple grocery items.


Hermes Eloy's story

In the Pichincha canton the Pichincha communal bank meets every two weeks. This place is known as being very dynamic. Most of its residents work in agriculture and raising animals. It is an area that has a lot of planted vegetation because of a big river that makes the place suitable for crops.

This is where Hermes lives. He is 47 years old. He is in a common law marriage and has four children. Three are grown and the youngest is 13 and in high school. His wife is a housewife. Eight months ago, Hermes decided to open a mini-market in his house in order to get ahead with his family. He sells all types of products such as rice, sugar, detergents, legumes, vegetables and fruit, as well as miscellaneous items. Despite not having his business for very long, he has a lot of customers since it is in a place where a lot of people gather to travel to other cities. A boy works with him, and he pays him for his services.

He is going to use this loan to stock his store more. He will buy rice, sugar, detergent, and other staple grocery items. He has been in the communal bank for three cycles and he likes it because of the speed of the loans. His goals are to keep growing his business.

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Translated from Spanish by Kiva volunteer Ellen Donohue


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