Total loan: $5,175

Porvenir Group

Flag of Chile
San Fernando, O'Higgins Region, Chile / Services

Porvenir Group's loan finished fundraising,
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A loan helped to buy haircutting equipment and a hair dryer for his business.

Porvenir Group's story

This communal bank is called “Porvenir” ["Future"]. It is made up of 17 entrepreneurs who dedicate themselves to different lines of work, including pastry making, dressmaking, used clothing sales, fresh bread sales, textile handicrafts, jewelry and accessory sales, bonsai crafts, and services, among others. All of them live in the city of San Fernando. Leonardo is the president of the communal bank group. In the photo, he is in the row of people standing, the first one going from right to left, dressed in a gray jacket and light colored pants, and with short hair. He works providing unisex hair salon services, only cutting and styling. He has operated this business for 26 years, and he works alone from Monday through Saturday. He buys the supplies he needs from a shopping center near his location which specializes in selling beauty products, and he buys the equipment he needs for his hair salon in the city of Santiago. With the loan, he will buy equipment for cutting hair as well as a hair dryer for his business. His goals for his business are to provide the same service but of higher quality with better infrastructure for his customers. Leonardo lives alone, and one of his dreams is to be able to fix up his house. He is very happy and grateful for the opportunity provided to him by the Esperanza Fund to invest in his business. He also feels very comfortable with the group in which he participates, since they are united and have confidence in each other. San Fernando is a city located in the Liberator General Bernardo O'Higgins Region, in the central part of Chile. The city's economic activity is mainly centered on agriculture (vineyards, beet growing, fruit orchards, tobacco, wheat and traditional crops), agroindustry (companies exporting fruit, preserves, dairy products, etc.), and trade.