A loan of $1,100 helped to purchase vegetables.

Raquel's story

Raquel is a member of the Communal Bank “Fénix” (Phoenix), which is located in the city of La Cisterna. She sells vegetables from a space that she obtained by purchasing a municipal permit. Raquel has been a part of this family business for 33 years. As a result, she has many long-time customers who have been a benefit to her business. Her merchandise is usually acquired at the fair in Lo Vallendor where prices are low, especially for produce merchants. With this loan, she will buy merchandise, particularly vegetables to restock her business. Her goal is to expand her business so that she can generate more income. The goals that motivate her are to buy a vehicle for transporting her goods and to obtain her own home.

Raquel lives with her two children, ages 18 and 16. The older child works and helps bring in more household income, while the younger child is in school. Both of them help with managing her business.

Raquel is pleased with and grateful for the loans obtained through Fondo Esperanza. The funds will help her invest in her business. In addition, she appreciates the convenience of the payments and the empathy that the staff of Fondo Esperanza has demonstrated. The meetings with the other members are enjoyable and enable them to share experiences. Raquel has also found that the training seminars have been essential in helping her learn how to organize her accounting records.

La Cisterna is a community located in the south central section of Metropolitana region. It is essentially a residential and business community. At first it was a rural area with large tracts of land. As a result of population growth and the arrival of public services, the area is now 100% urban.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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