A loan of $875 helped to purchase a cooler, merchandise for her business, and an awning to protect her food cart from the rain.

Idilia's story

Idilia is a member of the Communal Bank “El Progresso” which is in the community of Independencia in the city of Santiago. She is a merchant who sells candy and beverages from a street cart, Monday through Friday. Idilia also sells jewelry from her home and on Sundays she sells olives. Saturdays are designated for buying merchandise to stock her candy business. She buys her merchandise at the central market in the city of Santiago since the prices are the most affordable.

Idilia has been in business for 20 years. She started out selling olives and condiments. This loan will be used to buy a cooler, merchandise to restock her business, and an awning for protection from the rain since the one she currently uses is in bad condition.

Her goals include selling her products from an established location, such as a kiosk, but she first needs to obtain a permit. She also hopes that her business will prosper by adding handicrafts made of clay to her inventory. Idilia is motivated to continue with her business and include new products. The income she earns enables her to cover her household expenses. She lives with her daughter, son-in-law, and three grandchildren. Her goals on a personal level are to achieve a more stable socioeconomic situation and to live a more comfortable life.

Idilia is very grateful for the loan provided by Fondo Esperanza because the funds allow her to invest in her business and generate more income. She says the Communal Bank meetings are very pleasant and have enabled her to form friendships with the other group members. Idilia also has incorporated into her business the sales techniques she learned from the meetings. She also tracks her expenses, income, and the quoted prices of her purchases.

Independencia is one of the 34 communities that make of the city of Santiago, the Chilean capital. It is located in the north-central section. Independencia emerged in the late nineteenth century as a traditional section of the city. The main street is Independencia Avenue, which crosses the old Inca Trail, the gateway to the north in the city of Santiago. Given its large indigenous population, Independencia is known as the “Indigenous Cultural Center” of Chile. There are also important historical buildings, including six Chilean landmarks.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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