A loan of $550 helped buy inventory to stock her business.

Regina's story

Regina is a member of the Communal Bank, “El Sol de Esperanza” in the community of Puente Alto in the city of Santiago. She sells medicinal herbs and beauty products. She sells all of her products in a booth she has at the fair. She’s been doing this for 10 years. She works from Tuesday to Sunday from 8am to 4pm. She buys her products in shopping malls where the prices are economical. With the loan, she will buy inventory to stock her business. One of her goals is to rent an established locale where it will be more convenient for her, since she must load and unload her merchandise at the fair and transport it by van. Regina lives with her 30 year old son, who helps her transport the merchandise from her house to the fair and vice versa, as he’s the one who drives the van. Her son also works at the fair, repairing and selling cell phone accessories in a booth adjacent to hers. She says that one of her dreams is to go on vacation. She is very happy and grateful for the opportunity provided to her by Fondo Esperanza, as it will help her invest in her business. By way of the training imparted in the meetings at the Communal bank, she has learned how to administer her business. The Communal bank, of which she is a member, is very good. Puente Alto is a community located to the north of the Chilean capital, Santiago. It was founded as a small rural town at the end of the XIX century, but because of its demographic growth, it is actually one of the communities with the biggest population in Chile, at more than 600 thousand inhabitants. It’s the doorway into one of the pre-Andean mountain ranges of the Metropolitan region, known as the “Cajón del Maipo” and is an area with hiking trails, horse riding, rafting, as well as other activities, and room and board services.

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Translated from Spanish by Kiva volunteer Beatriz Yuste

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