A loan of $2,475 helped a member purchase of inventory, materials, and equipment.

Crecer Con Libertad Group's story

This communal bank is called "Crecer con Libertad" (Grow with Freedom) and has 18 members, all hardworking men and women of various ages. They work in different trades; for example, some make and sell artisanal goods made of wire, stones, and cloth, among other materials. Other borrowers make handicrafts or work in repairing broken household items, dressmaking, and weaving. Some borrowers work in sales, selling food, clothing, and maintaining their grocery shops.

This group's objective is to grow in their respective businesses and reach their goals, while promoting their quality products. Above all, they want to grow their businesses to create more economic stability for their families, continuing to develop and grow better with each day.

Jocelyn is the secretary of the group (in the photo, she is the pregnant woman on the far right). She is an artisan who makes necklaces, rings, hoop earrings, and bracelets using several different materials. She works with beads, stones, wood, and cloth, among others. Jocelyn often travels to Santiago, Chile’s capital city, to purchase these materials. She sells the products from her home, in markets, and in other well-populated areas. She will use this loan to purchase more materials for her artisan work in order to expand the diversity of her products.

The experience that they have had with Fondo Esperanza, according to Jocelyn, has surpassed the group's expectations. Beyond giving them the tools they need to meet their businesses' needs, they have felt an unparalleled quality of people among the group's members and they have found this very gratifying.

The Chilean province of Talca is located in the Maule region of central Chile. Maule has the largest rural population of any of Chile's 15 regions. Its citizens typically work in farming and agriculture. Talca is known for its beautiful artisan work, colonial architecture, vineyards, and scenery.

In this group: Andrea, Constanza, Nancy, Jocelyn, Gloria, Orfelina, Paz, Francisco, Mitzi, Lidia, Marietta, Lidia, Karina, Josefina, Lenka, Gabriel, Juan, Fabio

Loan details

Lenders and lending teams

Loan details