A loan of $650 helped to buy electronic items to stock her business for Christmas.

Ivonne's story

Ivonne is part of the “Volver a Empezar” (To Begin Again) communal bank in the commune of Puente Alto. She has been a merchant for 16 years. She has a stand in a free street market and in a swap meet where she sells electrical items like audio cables, computer cables, adapters and video game accessories. She works Tuesday, Wednesday, Friday and Sunday between the two types of markets.

She will use the loan to buy electrical items to stock her business for the Christmas season. She comments that she must buy three times the usual amount of merchandise due to high demand during the festive season. One of her goals is to have a fixed commercial locale.

Ivonne lives with her husband and seven children who are 24, 20, 19, 17, 13, 12 and 7 years old. She comments that her husband also has a stand in the market where he repairs and sells mobile phone equipment.

She comments that one of her dreams on the family side is to have a house of her own and she and her husband are saving money for this. Ivonne is very happy and grateful for the support provided by Fondo Espinoza since it’s allowed her to invest in her business.

She shares experiences and activities with the other members of the communal bank. With respect to the training, she’s learned how to manage her business which has led to economic stability. She also comments that the help she gets from Fondo Esperanza isn’t only monetary but has been an integral support.

Puente Alto is a commune located in north Santiago, capital of Chile. It was founded as a small rural town at the end of the 19th century but due to its population growth it’s now one of Chile’s most populous communes with more than 600,000 inhabitants. It is the entryway to one of the Andean foothill areas in the metropolitan region known as Maipo Canyon, an area with hiking paths, bridle trails, rafting and other activities and lodging and food services.

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Translated from Spanish by Kiva volunteer Polliz

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