A loan of $1,875 helped a member purchase winter clothing.

Nueva Vida Group's story

This Communal Bank is called “Nueva Vida” (New Life) and consists of 15 members from the city of Curicó. They are primarily engaged in selling clothing door to door and managing kiosks at schools throughout the city.

Jorge is 22 years old and the new president of this Bank, since this position changes every three months. In the photograph, he is standing on the left in the second row and wearing a blue pullover. Jorge sells clothing and kitchen towels. His loan will be invested in winter clothing such as undershirts, thermal underwear, long socks, and other items. Jorge has been working with Fondo Esperanza for seven months and says it has been a great help. He is a student, so this will help him pay for minor expenses as well as help his parents with their expenses. Jorge will receive his degree in social work this month and intends to continue working with Fondo Esperanza. His goal is to have more customers so that he can open a store in the central part of town.

Curicó is located in the region of Maule, which is in the central part of the country. The climate in Curicó is similar to that of the Mediterranean and considered one of the nicest in the country. It is also known for its wine culture and the magical natural beauty of the surrounding areas. Even though the workforce has increased, the region has remained steady in its population since the last census because it is one of the poorest in the country. This area experienced damage from the recent earthquake in Chile, but the Communal Bank did not suffer from any serious effects.

In this group: Jorge, Marcela, Lucy, Claudia, Betcy, Beatriz, Jacqueline, Estefanía, Cristina, Nelson, María Cristina, Paula, Silvia, Juan

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Translated from Spanish by Kiva volunteer Ronan Reodica

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