A loan of $3,125 helped a member to buy clothing, specifically socks, sweaters and T-shirts for women.


El Esfuerzo De Colón Group's story

The communal bank “El Esfuerzo de Colón” has 17 members who have a variety of businesses. The main ones are: the sale of clothing, cosmetics, plastic items and general merchandise. They all live in the township of San Bernardino in the city of Santiago.

Olivia is a member of the communal bank who is found in the photo in the second row, seated in the third spot from the right or left; her hair is down and she is wearing a black sweater. She has had a business selling seasonal women's clothing for 4 years. She works from her house on a flexible schedule. Her mother has a store, and she takes advantage of this to offer her products to the same customers. She has a regular customer base, and she sells door-to-door to the customers that she knows.

She purchases her merchandise in the township of Estación Central, from the places that offer good prices for her investment. With this loan, she will buy clothing, specifically: socks, sweaters and T-shirts for women. Her goal is to have an established shop, where she could offer and sell her merchandise.

Olivia lives with her mother, her husband, and their two offspring: a child of 7 and a 9 month-old baby. At the personal level, she dreams of investing in her business to generate greater earnings so that she can provide her family with a better quality of life. In addition, she wants to buy an automobile to transport her merchandise. She also wants to pay for a college education for her children so that in the future they can become professionals. Olivia is very content and grateful for the services provided by Fondo Esperanza. She will invest her part of the loan in her business. With respect to the meetings of her communal bank, they have allowed her to get to know her group and in this way feel more comfortable.

San Bernardo is a city located 18 km. in a straight line south from the main square of Santiago (the capital of Chile). It is known as the Capital of Folklore, because every year in January they hold the "International Festival of Folklore," an event in which the roots of the country come together and musical groups from all of South America participate. The "Traditional Crafts Fair" takes place there as well, where artisans from Chile and nearby countries participate. Later in April they host the event "April 1,000 Cuecas," when the whole community dances the cueca dance (a traditional Chilean dance.)

In this group: Olivia, Loreto, Rosa, Rosamel, Nadia, Ricardo, Sandra, Felisa, Francisca, Sandra, Gloria, Dominga, Jacqueline, Marcela, Rosa, Angela, Christma

Translator profile picture

Translated from Spanish by Kiva volunteer Lisa Grobar



Loan details


Lenders and lending teams



Loan details