A loan of $800 helped to buy clothing for teens.

Raquel's story

Raquel is part of the "Mataquito” communal bank, in the city of Curicó. For a long time now, she has devoted her time to selling second-hand clothing, from stalls which she rents in different open-air markets across the city. Her working hours are from 9am until 2pm, on Saturdays, Sundays and holidays. She buys her merchandise as bundles of 60 garments per bag. In low season she also sells sweets, including coconut sweets, truffles, and filled sponge cakes among others. These she buys from a distributor in the city of Santiago, sometimes buying them to order. With the loan she will buy clothing for teens. Her business goal is to increase her stock so she can continue selling. Raquel lives with her husband and their three children, age 29, 16 and 11, and their 10 year old grandson. Her dreams, on a personal level, are to offer a better standard of living for her family.

She is very happy and grateful to have this opportunity offered by [the field partner] Fondo Esperanza, because it has enabled her to invest in her business. She also very much enjoys the companionship of the other members of the communal bank, and she says that meeting them has provided a chance to share experiences and a pleasant way to spend free time. Referring to the training they receive, she says this has helped her to improve her business strategies.

Curicó is located in the Maule region in the centre of the country. The climate there is a mediterranean one, considered one of the most pleasant in the counrty. It is an area well known for wine-growing and for its beautiful natural scenery. However, despite an increase in the workforce, the last census showed that the region continues to be one of the poorest parts of the country.

Translated from Spanish by Kiva volunteer Rosa Oswald

Loan details

Lenders and lending teams

Loan details