A loan of $3,325 helped a member to buy hair clippers and food.

Joyas Del Pacífico Group's story

The “Joyas del Pacífico” (Jewels of the Pacific) community bank has 18 female entrepreneurs and 1 male entrepreneur. It is located in the city of Valparaíso. The members businesses include selling clothes, underwear, seafood, alcoholic and non-alcoholic drinks, eggs, Avon products, empanadas, 'pan amasado' (a type of Chilean bread), and running stores.

Jacqueline is a hairdresser. She cuts and colors hair, provides massages, facials and hairdos. She generally works in other people's homes but also sometimes in a space which she adapted for this purpose in her living room. She does her work every weekend because during the week she sells fast food in one of her sister's houses, together with her older sister, who is also a member of the group, and another friend. She has been doing the hairdressing work for one and a half years after she finished a course on the topic.

Jacqueline will use this loan to buy clippers (which are used to finish off hair cuts), a hairdressing cape, hydrogen peroxide, dyes and hair creams, amongst other supplies. What she has left over she will use to buy food for her other business.

Fondo Esperanza's loans have been an important source of support for Jacqeline, as have the business management workshops, since she can now keep records of what she spends and what she makes in her business.

Valparaíso is 120 kilometers north-west of Santiago. It is the regional capital and also the seat of the country's legislative power. It is the most important port in the nation and offers a large variety of beautiful and picturesque places such as, for example, the house of the poet Pablo Neruda, winner of the Nobel Prize.

In this group: Jacqueline, Marjorie, Yoselie, Carolina, Nayadeth, Ana, Johana, Johanna, Carmen, Sergio, Lucía, Daniela, Patricia, Eugenia, Tracy, Cinthia, Ana, Valeska, Cecilia

Translated from Spanish by Kiva volunteer Linda Oxnard

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