A loan of $2,650 helped a member to buy fabric and thread.

Las Rosas Group's story

This communal bank is called “Las Rosas” and has 17 entrepreneurs who are in a variety of businesses though mainly barber services and sewing. All are from the city of La Serena.

Héctor is a member and Secretary of the communal bank. In the photo he’s in the middle in the back of the group. He has been making clothes for the last ten years. He comments that he’s self-taught. He makes and repairs clothes. When his customers need his services they go to his house. He’s available every day of the week. He comments that his customers are regular and he has quite a few of them.

He buys his supplies in the city of Santiago or orders them on the Internet so his supplies are delivered to him. He comments that this way of purchasing is more comfortable. He buys supplies each time he needs to make a garment. He will use the loan to buy fabric and thread. His goal is to have a workshop set up at home.

Héctor lives with his mother, sister and two nephews. His dream on a personal level is to make progress in business to generate better income and provide his family with a better quality of life. His motivation to continue is the income he earns from his business.

He is very happy and grateful for the loans and services granted by Fondo Esperanza. He comments that the group experience has allowed him to share more with other people. The training has been useful to learn new business administration strategies.

La Serena is a city in north Chile located in the Coquimbo Region, Elqui Province. It’s an important tourist center especially in summer when people come to visit the beaches. The city is primarily service sector oriented; there are several banks and financial institutions and a varied cuisine and hotel sector. During the last few decades tourism has become one of the most important economic activities. The city is an obligatory stop for hundreds of cruise ships that arrive at the city of Coquimbo and people find temporary housing in La Serena for their trips to visit the zone and the Elqui Valley.

In this group: Ximena, María, Elena, Raquel, María, Jeannette, Silvia, Pamela, Lilian, Natalia, Patricia, Paula, Roberto, Alexis, Carlos, Hector

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Translated from Spanish by Kiva volunteer Polliz

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