A loan of $1,025 helped to buy merchandise and to have a refrigerator repaired.

Margarita's story

Margarita is a member and serves as treasurer of the communal bank “Fondo Amigo” in the town of Villa Alemana. She has been working in the commerce sector for 9 years, working and making sales in her home based business. She offers vegetables and groceries and handicraft items of wooden decoupage which she creates.

Her schedule is from 8:00AM until 9:00PM in the evening, every day of the week. Her husband helps her take care of the business. She says that she has done very well, she has regular clients, and there is no nearby competition. She buys her merchandise in supermarkets and from wholesale distributors.

With this loan she will buy some merchandise and have a refrigerator fixed that is not working. Her goal is to expand her business and stock her store with merchandise so that she can earn more income and continue investing and in this way to buy a cooler and an ice cream machine.

Margarita lives together with her husband and three children of 29, 23, and 20 years of age, and with a grandson who is 5 years old. Her dream is to prosper in her business, in order to provide her family with a better quality of life. She is very happy and grateful for the opportunity offered by Fondo Esperanza. She feels very comfortable with the communal bank group. It is a solid group, and she has met new people and has found it a welcome change to her daily activity. She has learned from the meetings at the communal bank how to manage her business better.

Villa Alemana is a township located in the province of Marga Marga, a region of Valparaiso, in the central part of Chile. It is known as the City of Mills because there are so many large country homes with watermills. It is also known as the City of Eternal Youth for its temperate climate, which is mild and there is a saying that "through its climate, the youth have no fear of old age. Eternal old age lives in Villa Alemana youth."

The name Villa Alemana came about because German immigrants were the first to buy land sites and start building in this area.

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Translated from Spanish by Kiva volunteer Gail LeGrand

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