A loan of $1,100 helped to buy rope, wheat flour and white flour, as well as oil and salt.

Patricia's story

Patricia is part of the community bank "Newen" which is located in the city of Penco. She works selling clothes and accessories from her home and has been doing this for 3 years. However, owing to the earthquake of February 27th, 2010, the people here have been very scared and have had to give greater priority to more basic necessities, and therefore clothes sales have diminished. As a result she has had to expand her business by making sweet breads, wholewheat bread, and kneaded bread, and she sells these goods to the workers at a factory which means she has frequent customers.
She buys her clothes and accessories supplies in the city of Santiago and the supplies for her baking she buys in the city of Concepción. She also makes costume jewelry. She has been doing this for 19 years. She currently also knits and sells scarves with innovative designs that are different from the ones found in the market. Lamentably, the earthquake completely devastated her home and she lost all her work materials and had to start again with nothing. She had to buy everything and also had to move home.
She will use the loan to buy clothes, white and wholemeal flour, and oil and salt.
Her greatest dreams are to pay her monthly expenses and live quietly and in harmony with her family. Hence her motivation to continue with these different businesses.
Patricia lives with her daughters who are 28 and 27 years old as well as her 4 year old granddaughter. She feels very supported by her entire family.
Patricia is very happy and grateful for the loan from Fondo Esperanza, as this will be invested in all her businesses and generate greater income. She also comments that Fondo Esperanza offered her a lot of help after the earthquake. With respect to the bank meetings, there is much camaraderie, and they serve as a distraction and opportunity to pass some pleasant time together. Penco is a community close to the city of Concepción, in the south of Chile, in the Bíobío region. Its name comes from the Mapudungun and means laurel water. This is one of the most populous communities in the region and it has industrial centers and a port.

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Translated from Spanish by Kiva volunteer Alison Hynd

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