A loan of $1,200 helped to buy groceries and feed for chickens.

María Magdalena's story

In the province of Manabí we find the region 24 De Mayo, where we meet the Grupo De Crédito Nuevos Horizontes De 24 de Mayo (Group of New Horizon Loans of 24 de Mayo). It's known for its beautiful landscapes and for the hard-working people who grow agriculture and raise animals. In this place lives María, who is 40 years old, married and with 5 children. Three of them are adults, while the other two are 17 and 15, studying in high school and live at home. Her husband doesn't have a steady job. Doña María to make her own means and, with this, help her spouse with the household expenses, three years ago decided to set aside a place in her house to work as a small grocery store. With the passing of each day it has been getting better and producing more with the help of loans. Also, with part of the loan, she raises chickens, for which she has a coop. When the chickens are at a proper weight she sells them outright or per pound in her store. This loan is to buy groceries to sell in her store, and feed for her chickens. She has 4 cycles in the loan group and she likes it for the help she receives with the loans to better her business and her life. She hopes to continue getting better and improving her business.

Translated from Spanish by Kiva volunteer Barrington Lloyd

Loan details

Lenders and lending teams

Loan details