A loan of $550 helped to buy livestock.

María Teresa's story

María is part of the Victoria del Portete communal bank. She lives in the outskirts of the La Victoria del Portete parish in Cuenca. This place has a cold climate, vast plains, green fields, and a mix of modern and ancient architecture. Its people are kind, gentle, and have warm hearts. They still maintain the cultures and traditions of their villages.

María is 22 years old and single. She lives with her mother, who works with livestock. Her father does not live in the country. She does not have her own house, so she rents where she lives.

María is a tenacious and entrepreneurial woman who is carving out her future with her work. She works in a factory where they make shoes. At home she raises animals. These business activities make it easier for her to be independent. In turn, she is very responsible and helps with the family finances.

The money from the previous loan was used to buy livestock. This is the same as her new loan, which she will also use to increase her livestock. This way she will grow more in this business. She likes her communal bank because of the solidarity, camaraderie, and friendships that exist among the members and friends in the group.

Translated from Spanish by Kiva volunteer Ginny Kalish

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Loan details