A loan of $950 helped to purchase a used car.


Marlene's story

Marlene is member of the communal bank named "Biobio", located in the city of Concepcion. She has had a grocery store and confectionary installed in her home for the past 5 years. On Sundays she also sells cell phone accessories from a stand at the fair. She doesn't attend the fair any other days because it is difficult to move all of her merchandise.

She has 3 children, 2 daughters aged 21 and 17, and a son who is 10 years old.

This loan, in addition to some personal savings, she would like to purchase a used vehicle to facilitate the transportation of goods to her stand at the fair.

Her dream is to have a good inventory stocked with a variety of merchandise.

It has been a great benefit for Marlene to be involved with Fondo Esperanza (Kiva Field Partner); not only for the loans but also for the additional support she receives during their meetings (workshops focused on business administration).

Concepcion is located at the opening of the river Biobio, one of the largest rivers in the Chile's southern region known as Biobio. The region has had an important function in our history, being the location of one of the important battles and subsequent establishments, specifically during the War of Arauco. It is located in the frontier region with the Mapuche territory. Currently the city enjoys a significant economic and demographic development, becoming one of the more important urban centers in Chile with respect to demographics, administration, the economy, and commerce, only trailing behind Santiago and Valparaiso.

Translated from Spanish by Kiva volunteer



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