A loan of $3,700 helped a member buy bundles of used clothing, specifically T-shirts, pants, and jackets, to sell.

Las Flores Del Jardín Group's story

This communal bank is called “Las Flores del Jardin” (The Flowers of the Garden) and is composed of 16 entrepreneurs, dedicated to different specialties, among them selling used clothing, cutting fire wood, and repairing vehicles, among other specialties. They all live in the city of Rancagua.

Marta, president of the communal bank, is in the photo, standing on the right edge of the group in the first spot, wearing a sleeveless white t-shirt and black pants. Her dark brown hair is pulled back. She has sold used clothing for men, women, and children of all ages for the past 2 years. Her schedule is flexible, since she sells door to door. Marta comments that her clientèle are in the majority home owners. Her merchandise is purchased by the bundle and she seizes opportunities as they arise. With this loan she will buy bundles of used clothing; specifically, t-shirts, pants and jackets. One of her goals is to buy new clothing as well.

Marta lives with her 2-year-old daughter, her mother, and her brothers. Among her dreams is to obtain her own house. She has already submitted the paper work to obtain a housing subsidy, and she has begun to save.

Marta is very content and grateful for the opportunity offered by Fondo Esperanza to invest and generate a larger income. She comments that she feels very comfortable with the group at her communal bank, who are committed and responsible.

Rancagua belongs to the Libertador Bernardo O'Higgins region. It is a modern city, dominated mainly by the production and export of fruit and Chilean wine. It is also a mining city in whose mountain chain lies the world's largest subterranean mine, “El Teniente, with 4,500 klm of tunnels.

In this group: Marta, Fary, María, Angelica, Nallavel, Nacy, Angela, Juana, Luis, Eugenia, Margarita, Luis, Luz, Florinda, Giovana, Rodolfo

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Translated from Spanish by Kiva volunteer Harold Dana Sims, PhD

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