A loan of $1,100 helped to buy electrical materials and car replacement parts.

Magda Liliana's story

The Hermano Gregorio credit group meets every two weeks in the Jocay neighborhood in the city of Manta. It is a city known for its beautiful beaches that are much frequented all year long, and for being an unmatched beautiful city with many tourist attractions.

Here lives Magda. She is 36 years old. She is single and lives in her parents' house. She has been in the credit group for a year and she likes it because thanks to the loans she has her business. She has grown it over time. Magda is avery hardworking woman who likes to improve day by day by hard work. Also, with her earnings she helps her parents who are elderly and of low income. She works in a store in the city but she also has a small locale in her house where she sells electrical materials and car replacement parts. In this business, her mother helps her on the days and times that she is working in the boutique.

This new loan is to buy all types of electrical materials and car replacement parts. Her dream is to have a bigger and better stocked locale.

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Translated from Spanish by Kiva volunteer Ellen Donohue

Loan details

Lenders and lending teams

Loan details