A loan of $1,150 helped to purchase socks, scarves, handkerchiefs, towels, and undergarments.

Teresa's story

Teresa is a member of the Ebenezer Communal Bank, which is in the community of Puente Alto in the city of Santiago. She is a retail merchant, selling bazaar goods and packaged products at different open fairs. Teresa has been in this trade for 12 years. Her merchandise is purchased from different distributors. The main products she sells are undergarments. With this loan, she will buy socks, scarves, handkerchiefs, towels, and undergarments. The goal for her business is to produce clothes that she can sell later, but she needs more capital to build a workshop in her house.

Teresa lives with her husband, her two children, a son-in-law, and a grandson. Her dreams are to provide her family with financial stability and giver her younger son the opportunity to study at the university so that he can become a professional. She is motivated to move forward with her business so that she can make all of her dreams a reality.

Teresa is very pleased and appreciative of the support provided by Fondo Esperanza since it has allowed her to invest in her business and generate more income. She participates in the Communal Bank meetings and feels at ease with the other members with whom she has developed unity and trust. As a result, she has been able to have new experiences. With respect to the training seminars that are provided at the meetings, Teresa says that she learns something new each day and is able to apply this knowledge to her own business.

Puente Alto is a community located to the north of Santiago, the capital of Chile. It was founded as a small rural town at the end of the 19th century. Given the growing demographics, it is now one of the largest cities in Chile with over 600,000 inhabitants. It is the gateway to one of the foothill areas of the Metropolitana region known as Cajón del Maipo. This area has space for hiking, horseback riding, rafting, and other activities, as well as lodging and dining services.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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