A loan of $2,775 helped a member to repair the car she uses for her work to provide her services.

Umbral De Triunfo Group's story

This communal bank is called Umbral de Triunfo [Threshold of Triumph] and is made up of 18 entrepreneurs who work in different fields, among which can be found the sale of firewood, pastry shop, people who make sales at the markets, chocolate merchants, sewing, food sales, and other services. All of them live in the city of Valdivia.

Elsa is the president of the communal bank. In the photo she can be found sitting in the first row, in the second place from right to left, wearing a print dress with Calypso colors, and black and white, wearing a beige jacket, and her hair is loose.

She works in the field of commerce and also provides services and has been in these two businesses for 24 years.

She makes and sells pastries including tarts and mote con huesillo (Chilean soft drink without alcohol). She also provides catering services for weddings, birthdays and other holidays where there is a charge for cocktails, entrees, pastries, cakes and servicing the tables.

She buys the supplies and ingredients that she will need in Temuco or Santiago. With the loan she will fix the car she uses for her work to provide her services.

Her goals for the business are to establish a restaurant and an event room. She lives with her husband and one of her dreams is to expand her business.

She is very happy and grateful for the opportunity that the Fondo Esperanza has given her to invest in her business. Also, she feels very comfortable with the group she is a member of. They are united, with respect and trust.

Valdivia is a city in the south of Chile, located in the area of Los Ríos. It is known for having one of the few navigable rivers of Chile, the Calle Calle. Valdivia has, as one of its principal economic activities, the shipbuilding industry, logging, paper, cellulose (Celco), brewing, and milling. Tourism plays an important role, and so do the educational university services, headed by the Universidad de Austral de Chile.

In this group: Elsa, Rosa, Sandra, Patricia, Sergio, Humberto, Erna, Raul, Juan Carlos, Sofia, Marcos, Silvia, María , Yoselin, Miriam, Isabel , José, Jessica

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Translated from Spanish by Kiva volunteer Gail LeGrand

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