A loan of $675 helped to buy fabric, lace, threads and fasteners.

Rosa's story

Rosa is a member of the "Unidas Siempre Unidas" (United Always United) community bank which is located in the city of Concepción. Her business is making soft furnishings such as drapes, sheets and bathroom accessories.

Rosa has been in this business for approximately 4 years. She works from home, making products to order. Her busiest seasons are Mother's Day, Christmas and the festive period around Chilean independence day. When she has products left over, her daughter takes them to sell at college. Rosa also works as a maid in private houses and takes advantage of this to sell her products. Rosa works as a maid on weekday mornings and she makes her furnishings from Monday to Sunday in the afternoons. Her customers and profits have increased considerably.

Rosa buys her supplies in the city of Concepción. She buys from fabric wholesalers whose products are cheaper and therefore more financially convenient.

Rosa will use this loan to buy supplies for her business, specifically fabric, lace, threads and fasteners.

Rosa lives with her husband and her two children aged 20 and 11. Hers is the only income the family has. Rosa's motivation to continue working in her business is to pay for her 20 year-old daughter's higher education. She is studying dentistry.

Rosa's dream is to set up a workshop in her home so that she can expand the space in which she currently works.

Rosa is very grateful for, and happy with, the loan she has been granted by Fondo Esperanza since she will be able to invest and increase her productivity. She also enjoys the meetings with her fellow community bank members since they share new experiences.

Concepción is located at the mouth of the River Bíobío, one of the biggest rivers in the country. It is in the south of Chile, in Bíobío region. This city has played an important part in our history as it was the scene of some important battles and notable settlement, especially during the Arauco War as it formed the border with Mapuche territory. The city currently has high economic and demographic growth. It is becoming considered one of the most important urban, demographic, administrative, financial and commercial centers in Chile after Santiago and Valparaíso.

Translated from Spanish by Kiva volunteer Linda Oxnard

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