A loan of $1,075 helped to buy water and fuel.

María Elena's story

Every 15 days, the members of communal bank “Mujeres por el Progreso” [Women for Progress] meet in the city of Los Bajos de Montecristi, famous for its varied traditional products, such as the toquilla straw hat [a.k.a. Panama hat], which is well-known locally and abroad.

This is where María lives. She is 33 years old, married and has three daughters aged 15, 12 and 7. The oldest ones go to upper school, the youngest to primary school. Her husband works as a driver.

María is requesting a loan to help her husband, who owns a tank truck. He supplies different companies and industrial facilities in the city of Manta with water. He makes different trips every day, considering that this precious liquid is vital in order to be able to work. He gets paid weekly, and needs some capital in order to continue with his business. He has been doing this for more than fifteen years, which has helped him to get ahead with his family.

With this loan, they will buy water and fuel. She has been a member of the communal bank for more than three years. She is in charge of collecting loan payments from the group and enjoys this activity, since she finds these loans very useful. Her dreams are to continue progressing and give her children a good education.

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Translated from Spanish by Kiva volunteer Santiago Mejía Dugand

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