Total loan: $5,525

Plaza Gabriel Group

Coquimbo, Coquimbo Region, Chile / Arts

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A loan helped to buy jewelry making supplies.

Plaza Gabriel Group's story

This communal bank is called “Plaza Gabriel” and it has 17 members who are in a variety of lines of work among which we have ceramic, wool and leather crafts, fast-food making, among others. They are all from the city of Coquimbo. Jenny is a member of the communal bank and in the photo is in the second row, second from left to right. She’s wearing a gray jacket and her hair which is black is gathered and her sunglasses are on top of her head. She has been working in costume jewelry for seven years (work that produces objects or decorative items that imitate jewelry but aren’t made with precious metals) She makes hoops, necklaces and bracelets with stones to sell in a stand she rents in a crafts fair. She works there Monday to Sunday from 11 in the morning until 8 at night. The supplies she needs to produce she buys wholesale in commercial sites located in various parts of the city of Santiago. She promotes her crafts by word of mouth and has acquired a larger clientele this way who rotate. She will use the loan to buy supplies to work making costume jewelry. One of her business goals is to expand it into other cities in Chile since her items are one-of-a-kind and made to order for customers. She currently already has customers in the city of Osorno and also internationally like in the United States. Another one of her dreams is to set up in a fixed locale. She lives with her three children who are 17, 12 and 8 years old; they are students attending traditional schools. She’s very happy and grateful for the economic opportunity Fondo Esperanza is giving her because it will allow her to invest in her business. She also comments that she feels very comfortable sharing at the meetings and training sessions with the group she’s part of because they are committed and united. Coquimbo is a port city and also a resort commune; it’s the capital of Elqui Province, Coquimbo Region IV, Chile. The area’s economy is based mainly on mining since it has large deposits of magnesium, gold, silver, copper, iron and lead. There is also agriculture that develops thanks to intensive use of the Elqui, Limarí and Choapa valleys to grow greens and fruit thanks to the favorable weather conditions.