A loan of $3,700 helped a member to buy merchandise to stock up her confectionery business.

El Esfuerzo Group's story

This communal bank is called "El Esfuerzo" (Effort). It is made up of 20 entrepreneurs who work in different fields, including candy sales, tailoring, and fast food. They are all from Valdivia city.

Griselda, who in the photo is standing in the middle of the group, wearing a black jacket and pink scarf, has worked as a confectioner for four years, selling candy, cookies, chips, and other items. She sells her goods from a tricycle, stopping outside clinics, schools and fairs. Her timetable is flexible, as during the week she works from 8 a.m. to 3 p.m. and on Sunday morning she sells her goods at the open market.
She buys her merchandise from a distributor in Osorno city.

With the loan, she will buy merchandise to stock up her confectionery business.
Her goal is to stock up her business, especially so that she can sell ice cream during the summer, as this will allow her to generate more income and thus rent a kiosk and have a more stable business.

Griselda lives with her husband and six-year-old child. One of her dreams is to have her own house, and for this she has applied for a the housing subsidy. Another of his wishes is that her child should have a professional career.

She is very happy and grateful for the loan obtained through Kiva Field Partner, Fondo Esperanza, as it has allowed her to invest in her business with the possibility of generating higher profits.
Also, during the communal bank meetings, she has been able to meet the other members.

Valdivia is a city in southern Chile, located in the Los Rios region. It is known for having one of the few navigable rivers in Chile, the Calle-Calle. Valdivia has, among its main economic activities, a shipbuilding industry, a timber industry, a paper mill, a pulp mill (Celco), a brewery and mills. Tourism plays an important role, as well as educational services, led by the Universidad Austral de Chile.

In this group: Griselda, Juan , Marcelina, Víctor, Gladis, Omar, Sandra, Milda, Iris, Ubaldina, Vicente, Asael, Olga, Eladia, Máximo, Luis , Luis, Nancy, Yasna, Nathalie

Translated from Spanish by Kiva volunteer

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