A loan of $3,100 helped a member to buy bundles of assorted clothing to stock her business.

La Esperanza Ii Group's story

This communal bank is called “La Esperanza II” (Hope II); it’s composed of 15 entrepreneurs who work in a variety of lines of work among which there are stores, clothing sales, bookstore, plastics sales, bread sales, jewelry sales and services, among others. All of them live in the city of Talca.

Katherine is a member of this communal bank and in the photo she’s standing in the front row first from right to left. She’s wearing a black jacket and her hair is dark brown and she wears it loose; she’s also wearing a pair of white pearl earrings.

She sells second-hand, used clothes. She’s been in business six years and she comments that she works Saturdays and Sundays from 8am until 1pm because during the week she cares for her youngest son. She sets up in the free street markets and she sells clothes for both adults and children. The merchandise she needs she buys in the city of Santiago from various suppliers where bundles of clothing can be had for low cost which is an economic advantage. She will use the loan to buy bundles of mixed clothes to stock her business.

One of Katherine’s business goals is to make it grow and to perhaps be able to open a store at home to sell her wares there more comfortably. Katherine lives with her two children who are 20 and 1 year old. Her oldest son is employed. Her dream at the work level is to have a home-based business to generate higher income and provide better quality of life for her children.

She is very happy and grateful for the opportunity Fondo Esperanza is giving her because it will allow her to invest in her business. With respect to the communal bank group she’s part of she comments that very good communication exists among them. On the other hand, the training sessions have been useful to learn new sales and bookkeeping strategies.

Talca is part of the Maule region located in the center of the country. It’s the administrative, economic and cultural center of the region; it’s the most important city in the Chilean central valley. A curious phrase exists in Chile referring to Talca: “Talca, Paris y Londres.” Among the myths explaining it some say it comes from something originally said by an Englishman: “Talca parece Londres,” because of the abundant fog that frequently blankets the city in winter similar to what happens in the capital of the United Kingdom.

In this group: Katherine, Irma, Carla, Leonides, Denise, Lidia, Susana, German, Jorge, Delfina, Miguel, Lorena, Fernanda, Luz, Cecilia

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Translated from Spanish by Kiva volunteer Polliz

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