A loan of $3,725 helped a member to buy more used clothing to resell.

Sol Y Esperanza Group's story

The communal bank “Sol y Esperanza” (Sun and Hope) consists of sixteen associates from Santiago’s Puente Alto district. These individuals' livelihoods consist mainly of store sales, clothing sales, the manufacture of leather crafts, cooking and selling homemade bread, pies, empanadas, and handmade knitted items.

Angela is the president of the group. In the photo she can be found in the furthest row above, and third from the left. She has been selling used clothing for the past two years in a kiosk at two fairs close to her house. Before this she sold articles of leather; for example, coin purses, wallets and cigarette cases, among other things. She decided to change her merchandise to test sales, and thankfully it has gone very well. Angela is also the mother of a seven-year-old boy.

Angela dreams of having her own home in two more years, and to install a business of fast food and a small grocery store.

She has enjoyed working with Kiva partner, Fondo Esperanza, as it has motivated her interaction with other entrepreneurs within the communal bank and with the loan officer. In addition, she receives entrepreneurial training where she learns to administer her accounts, expenses and earnings.

Puente Alto is a community in northern Santiago, the capital of Chile. Puente Alto has nearly 500,000 inhabitants and it is expected to continue growing.

In this group: Angela, Denisse, Carolina, Stephanie, Bernarda, Ana, Luis, Mitzi, Marta, Ivonne, Francisca, Brígida, María, María, María, José

Loan details

Lenders and lending teams

Loan details