Fighting for a better future? We need your help.

Creating a more equitable world takes a lot of time and energy, but at Kiva we’re in it for the long haul. 100% of money lent on Kiva goes to funding loans. That means we rely on donations from people like you to make this work possible.
Your donation of any size makes a difference. Thanks for investing in a better future,
Premal Shah, President & Co-Founder, Kiva
  • $25
  • $35
  • $50
  • Submit
  • Other

A loan of $4,200 helped a member to buy a multi-point sewing machine and 2 motors for machines.

Los Perseverantes Group's story

This communal bank is called “Los Perseverantes”. It consists of 20 entrepreneurs who run different businesses such as garment manufacturing, cosmetic sales, fast food preparation, crafts, salad-making and managing a minimart among others. They are all from the city of Valparaiso.

Maritza is a member of the communal bank and can be seen in the photo standing at the back, from right to left, with black hair and wearing a white and blue jacket. She has been making garments for 30 years. She has a workshop inside her house in a bedroom which she converted for sewing. Her workshop has two sewing machines, one of which is an industrial straight and the other an overlock. She also takes orders from companies making overalls. This season, she has been making shawls and baggy trousers which have been in very high demand. She buys her materials in different places to save on costs; these include the Meiggs and Independencia neighbourhoods. Lately she has also been buying the patterns at an open air market. With the loan she will buy a multipoint sewing machine and 2 motors for machines.

The goals for her business are to buy an embroidery machine as she wants to increase her stock production of nursery bags, to embroider designs and names. In this way she also captures a larger number of customers.

Maritza lives with her husband and her daughter who is 28 years old and who is self-employed. Her dreams at the personal level are to apply for a housing subsidy for home ownership as she is currently renting.

She is very happy and grateful for the loan obtained by Fondo Esperanza as it has allowed her to invest in her business and in this way to increase production which will allow her to generate more profits.

Valparaíso is located 120 kms to the northeast of Santiago. It is the regional capital and also the seat of legislative power in the country. It is the nation's main port and offers a wide variety of beautiful and picturesque places such as the house of the poet Pablo Neruda, Nobel Prize winner.

In this group: Maritza*, María, Pedro, Daisy, Ximena, Yolanda, Lidia, Yolanda, Karen, Jerly, Juana, Ana, Julia, Andrea, Angela, Marisol, Gladys, Lorena, Jorge, Margarita
*not pictured

Translated from Spanish by Kiva volunteer Maria Blyth

Loan details

Lenders and lending teams

Loan details