A loan of $1,625 helped to buy groceries, flour and ingredients to make bread.

Ángel Francisco's story

On San Eduardo street on the way to Santa Ana, in the city of Portoviejo, known as the City of the Royal Tamarinds since the colonial era, the 16 de Julio credit group meets every two weeks.

This is where Ángel lives. He is 64 years old, divorced and has two grown children who go to school in other cities and still depend on him. Ángel is a very enterprising man who likes to work to get ahead and give the best education to his children. He has a locale that he rents close to his house where he runs a mini-market. He sells all types of groceries including meat, fish, vegetables and many other products. He also has a bread bakery which is very popular because his customers find everything at his locale. He works with a person that he pays a monthly salary. Thanks to this business he gets ahead. This loan is to buy groceries to stock his mini market and flour and ingredients to make the bread. He has been in the credit group for 3 years and he likes it because the loans allow him to partially finance his business. His dream is to keep improving his business.

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Translated from Spanish by Kiva volunteer Ellen Donohue

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