A loan of $2,050 helped a member to purchase jewelry and clothing.


Las Esforzadas Group's story

Rosalía is a member of the Communal Bank “Las Esforzadas” (The Hardworking Ones), which consists of fourteen entrepreneurs who engage in the retail trade. Specifically they sell jewelry, clothing, and groceries. All of them live in the city of Talca.

In the photograph, Rosalía is the first person seated on the left. She has been selling jewelry and clothing for four years. Rosalía buys her merchandise in the Patronato neighborhood in the city of Santiago. Her business involves selling door-to-door and to commercial shops. As a result of working many years in retail, Rosalía developed many connections who are now regular customers. She currently has fifty clients. With this loan, Rosalía will invest in her business by purchasing clothing and jewelry to help increase her revenues.

She dreams of having an established shop in central Talca so that she can expand her customer base and generate more income. In her personal life, Rosalía hopes to see her children have a better quality education. Her greatest wish is for her family to get ahead and to provide them a more comfortable life. Rosalía is extremely grateful to Fondo Esperanza. She enjoys participating in the meetings and gets great amusement from them. In addition, Rosalía serves as the Communal Bank president. The loans from Fondo Esperanza have been a great help to her business because they have allowed her to invest and helped to increase her income.

Talca is located in Maule region in central Chile. It is the administrative, economic, and cultural hub of the region as well as the largest city in Chile’s Central Valley. There is a curious saying in Chile, the phrase “Talca, Paris, and London”. Among the many legends that explain the derivation of this phrase, some say it was originally spoken by an Englishman who said “Talca looks like London”, referring to the abundant fog that frequently covers the city during the winter season, similar to the British capital.

In this group: Rosalía , Cristian, María , Gloria , Marcela , Rosalía, Paula , Leontina , Lia, María José, Marcelo , Jenny, Jorge, Angela
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica



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