A loan of $3,750 helped a member to buy cleaning products as well as fleece blankets decorated with various designs.


Porvenir Group's story

This communal bank is called “Porvenir” ["Future"] and it is made up of 20 entrepreneurs who are residents of the city of San Antonio. All of them work in various sales businesses, selling fast food, jewelry, bakery products, sweets, soft drinks and school lunches, as well as breakfasts at an open-air market.

María is the president of the communal bank, and in the photo she is in the first row, with the other members pointing at her. She is in a sky-blue flowered blouse with black pants and carries a brown purse. She also has blond hair.

For the past 10 years, she has worked selling cleaning products and work tools at the open-air market. She works there every Saturday morning. She also offers her products to her neighbors and acquaintances. She buys most of her merchandise from cleaning product distributors, and she buys the tools from auction houses; in addition, some vendors come to her house to offer their merchandise. With the loan, María will buy cleaning products as well as fleece blankets decorated with various designs to sell at the market.

Her goals for her business are to have an established store where she can display and sell her cleaning products, and also to begin selling perfumes. Her dreams on a personal level are to achieve her business goals so that she can obtain higher profits and have a more comfortable life with less sacrifice. María lives together with her husband and hopes someday to travel within the country as a vacation.

María is happy and grateful for the support provided to her by the Fondo Esperanza ["Hope Fund"], since she enjoys the meetings, training sessions and payment arrangements for the loans. With regard to the training, she has been able to apply the accounting principles she has learned to her own business.

San Antonio is well-known as a port in the Valparaíso region on Chile's central coast. It is an important center for fishing and the sale of fish and shellfish. In spite of the activity and commerce of the port, there is a high unemployment rate.

In this group: María, María, Julia, Myrian, Elena, Raúl, Ana, Elisa, Vania, Maribel, Audomira, Gabriela , Rebeca, Sandra, Mariela, Juana, Patricia, Susana, Cecilia, America
*not pictured

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Translated from Spanish by Kiva volunteer Patricia Linderman



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