A loan of $1,100 helped to buy groceries, fruit and vegetables and also to buy a metal grille to protect his store and improve its infrastructure.

José's story

José is a member of the “Fénix” (Phoenix) communal bank in the city of La Cisterna. He is a fruit, vegetable and groceries merchant. He has a store in his front yard. He’s been in this line of work for 7 years. He buys his merchandise at the Lo Valledor market, a market for merchants, because prices are low so it’s more convenient economically. He works from 8am until 11pm every day of the week.

He will use the loan to stock his store, specifically with groceries, vegetables and fruit. In addition, he will buy a metal grille to protect his locale and improve its infrastructure. His dream is to enlarge his business and to stock it. He also wants to buy a vehicle that he can use to transport his merchandise because at present he pays shipping costs to transport it.

José lives with his wife who helps him tend to the store when he’s absent and she also makes salads.

José is very grateful for the loan he got from Fondo Esperanza. He’s also very happy with the organization the institution has to help enterprising people like him. With respect to the training, José has learned how to manage his business’ accounting. As for the meetings with his fellow members, they are quite pleasant and José is very committed to his group; he is his bank’s Delegate.

La Cisterna is a commune located in the south central sector of the metropolitan area. It is essentially a residential and commercial commune. At its beginning it was rural with large tracts. However, due to its increase in population and the arrival of basic services it became 100% urban.

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Translated from Spanish by Kiva volunteer Polliz

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