A loan of $1,025 helped to purchase merchandise and help with reconstruction after the earthquake.


Marianela's story

Marianela is part of the communal bank “Las Magnolias y los dos Claveles” and resides in the city of Concepción. Marianela sells perishable, non-perishable, vegetables from her house. She attends to customers by herself, although on occasions she asks her 19 year old son to help. She has a total of four children, but only two live with her: a 19 and 11 year old. Marianela has been managing this store for approximately 4 years now. Marianela plans to use this loan to purchase more merchandise for her business, but also hopes to use part of the funds to make repairs to her home caused by the earthquake (February 27, 2010), when a whole wall and the windows of a hallway fell down. Marianela goal is to offer a variety of products from her storefront, as she recently received a business license to expand her business. She also wants to include a bakery, for which she would learn this trade. If possible, in the longer term, Marianela would like to hire a helper. Marianela appreciates the patience showed by Fondo Esperanza loan officer during the weekly group meetings to explain every little thing the members do not understand. Marianela has also enjoyed the entrepreneurial training and is pleased with the low interest rate charged by Fondo Esperanza. Concepción is the second largest city in Chile, located in the southern region of Bíobío. Concepción is situated at the mouth of the Bíobío River, one of the largest in the country. This is an exceptionally beautiful region. Its attractions come from the combination of rivers, ocean, fertile plains, lowlands and mountains, and beautiful vegetation.



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Loan details