A loan of $850 helped to stock her store.

Carmen María's story

The Nueva Esperanza credit group meets in the Picoaza parish of Portoviejo every two weeks. This area is known as being a very commercial zone, for its traditional San Pedro festivals, and the happiness of its people.

Carmen lives here. She is 57 years old, married, and has three adult children, two of whom live with her. Her husband doesn’t work because of his age.

Carmen and her daughter set up a food store in their home in order to get ahead in society. They started it with the first loan they got from the communal bank and sell all types of products such as rice, sugar, cooking oils, detergents, beans, vegetables, and fruits. She works every day from 6:00 am to 8:00 pm and sometimes later. She and her daughter have been working this business for 12 years and have been making an honest living.

They will use the money from this loan to expand the business and stock this store with rice, sugar, cooking oil, detergents, sausages, and other primary needs products. She has been with the credit group for 12 years and she likes it because she started the business there. Her dream is to be in good health.

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Translated from Spanish by Kiva volunteer Hugo Reyes

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