A loan of $875 helped wholesale merchandise.

Juan Carlos's story

Juan Carlos belongs to the “Nueva Vida” community bank. It is in the province of Molina. He sells food, specifically vegetables, groceries and smoked meat. He has worked in this area for more than 2 years in a locale he set up in his house' patio. He buys his merchandise in wholesale supermarkets and fairs. He has neighbors and acquaintances as frequent customers.

All of his earnings are used to supply his business and support his home financially, since Juan Carlos' business is the only income his family receives.

With this loan, Juan Carlos has bought merchandise wholesale, which is more profitable for his business. His dream is to expand his locale to have more merchandise and thus more earnings. He also wants to buy a vehicle to transport the merchandise he buys. Juan Carlos' motivation to continue with the business is due to the productibity and income that it generates.

For Juan Carlos, the loans from Fondo Esperanza have been fundamental for his business, since they have allowed him to invest and obtain more profit.

Molina is a community in the central area of Chile, located in the Maule region. It is characterized mainly by being one of the mainstays of the wone industry. In addition to the vinyards, there is the fruit industry, especially apples, pears and kiwis.

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Translated from Spanish by Kiva volunteer Ellen Donohue

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