A loan of $3,050 helped a member to buy fish and seafood for his business.

Empresarios Surgiendo Con Esperanza Group's story

This community bank is called “Empresarios Surgiendo con Esperanza” (Businesspeople Emerging with Hope). It is made up of 20 entrepreneurs who work in different fields including selling seasonal clothes, selling fruit, vegetables, seafood and fish. They are all from the city of Valparaíso.

In the photo, Ricardo is at the back of the group. He is the man with dark hair in the middle. His business is selling fish and seafood in a market in the area. He works there on Wednesday and Saturday mornings. He buys his merchandise direct from a fish and seafood supplier twice a week. He has been in this business for 35 years. His experience has helped him to direct and manage his business in the best way possible. He will use his loan to buy fish and seafood for his business.

Ricardo's goal is to set up his business in stable premises. He is waiting for a permit so that he can carry out his plans. Right now, he sells his products as an itinerant vendor.

Ricardo comments that his motivation for continuing in his business is that he enjoys what he does. It is also an inherited business.

Ricardo lives together with his wife, his three adult children and an 11 year-old grandson. He says that his children are now professionals so his dreams and hopes are now directly devoted to his grandson, towards providing him with a better quality of life.

Ricardo is very grateful for the loan he has obtained from Fondo Esperanza as it has allowed him to invest in his business. He is also grateful for the values instilled by Fondo Esperanza which have created unity and commitment within the community bank.

Valparaíso is located 120 kilometers to the north-west of Santiago. It is the regional capital and is also the seat of the country's legislative power. It is the most important port in the nation and offers a wide variety of beautiful and picturesque places such as, for example, the home of the poet Pablo Neruda, winner of the Nobel Prize.

In this group: Ricardo, Esteban, Sonia, Lidia, Veronica, Lidia, Maribel, Edith, Ximena, Nancy, Juana, Patricia, Carlos, Cecilia, Ingrid, Susana, Yussy, Rosa, Luis, Rosa

Translated from Spanish by Kiva volunteer Linda Oxnard

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