A loan of $2,925 helped a member purchasing fabric to make clothing.

Nuevo Horizonte Group's story

The communal bank “Nuevo Horizonte” consists of 17 associates from the city of Temuco. These individuals have diverse livelihoods. Some sell things like vegetables, sausages, and salads; others sell new and second-hand clothing items.There is an owner of a local grocery store, a clerk, and a hairstylist. Still others produce and sell things like pastries and apparel.

Rosa is the treasurer of the group. In the photo Rosa can be found in the third row and third form left to right wearing a red jacket and her hair is loose. Rosa’s business is of apparel of various items, for example formal clothing and sport outfits, costumes and curtains, and other things. Rosa studied hemming and costumes for three years and she has made it her profession for the past 25 years. Rosa´s workshop is located in her house, where she counts on three machines and works on set orders from clients. Rosa plans to use this loan to generate more items such as the traditional Chilean outfit of a huaso y huasa chileno, being that September is the month when Chile hosts various patriotic parties. Rosa also plans to purchase some fabric to fabricate polar shirts, as she has already collected some orders for this type of material.

Rosa´s goal is to purchase a sewing machine that does intrinsic borders; she also dreams of one day extending out her workshop. Rosa´s motivation stems from gaining enough earnings to provide for her 12 year old son now and in the future when he decides to continue his studies.

The aspect that Rosa enjoys about working with Fondo Esperanza is the great help that she has received from her fellow group members and loan officer, also learning about money management skills.

Temuco is the capital of the Araucanía region. It is located 670 kilometres south of Santiago (the capital of Chile) and possesses a series of lake-side spa resorts and striking native flora and fauna. This region is also noteworthy for being the place where 50% of Chile's existing indigenous Mapuche community live; some of whom are members of Fondo Esperanza communal banks.

In this group: Rosa , María , Etelvina, Silvia, José, Pedro, Nancy, Aurora, Sandra , Gladys, Nora, Marcela, Roberto , Pamela, Solange, Teresa, Luz

Loan details

Lenders and lending teams

Loan details