A loan of $1,075 helped poleras, bolsos y toallas nuevas y ropa usada.

María's story

Maria is a member of the communal bank "Cascada de Oro", meaning Golden Waterfall, in the city of Osorno. She has had a stand in a market near her house for the past 5 years and she sells various articles, such as: tablecloths, sweaters, socks, used clothing, and other items. She operates her stand only on weekends. She has a daughter who also works with Fondo Esperanza (Kiva Field Partner) and she also has a stand in the same market. Maria used to sell vegetables. With this loan she will purchase sweaters, ladies' handbags, beach towels, and used clothing. Maria's dream is to have her business relocated to her house, for which she has been saving money. Maria is very thankful not only for the loans granted by Fondo Esperanza (which helped her increase the quantity of her merchandise) but also for the workshops on how to manage a business and for the recordkeeping facilities detailing their expenses and earnings. Through this support she is able to forecast her expenses and investments. Osorno is a city that is located in the southern regions of Chile, a region called Los Lagos. It is a very important agricultural region commonly known as the basket of milk and meat of Chile. The agricultural activities include the harvest of wheat and oats, as well as cattle farming, producing meats and milk. The region is also known for the production of agricultural equipment. Osorno has the only covered soccer stadium, and it is called the Ruben Marcos Municipal Stadium.

Translated from Spanish by Kiva volunteer

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