A loan of $825 helped expansion, buying a shop window and pastries.

Luis's story

Luis is a member of the “Cascada de Oro” ("Shower of Gold") community bank in the city of Osorno in Chile. He began selling boxes of fruit. For the last five years, he has had a minimarket in his home, where he and his wife, who is also a part of the Esperanza microfinance partner, both work. He has a daughter, who started studying nursing at the university this year. The three of them take turns attending the business every day of the week from 7 am to 11 pm.

Luis will use this loan to expand his business by one and a half meters in front and to buy a shop window and pastries, since his business includes a bakery.

He lives with his wife, his two children, who are 21 and 15, and his only grandchild, who is 4 years old.

His dream is to pay for his children's education, so that they can have better employment opportunities.

Esperanza has played an important role in Luis and his wife's business, as the loans they have obtained have helped them to grow slowly, allowing them to buy the necessary machinery and making it possible for them able to offer a greater selection of products. They have also taken advantage of the business education and personal development workshops, which Esperanza holds during the meetings of the communal bank.

Osorno is a city in southern Chile, in the Lagos region. It is an important livestock area, known in Chile as "The Country of Milk and the Land of Meat." Farmers also grow wheat and oats as feed, for meat and milk processing, as well as for the use by agrarian groups.

Osorno has the only enclosed football stadium in Chile, the "Rubén Marcos” municipal stadium.

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Translated from Spanish by Kiva volunteer Ross Forman

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