A loan of $4,950 helped a member to buy materials and ingredients for her business.

Prosperidad Group's story

This communal bank is called "Prosperity," and is made up of 19 entrepreneurs, who work in various sectors. These include dress-making, pastry shop, hairdressing, cheese-making, clothing sales, and fast-food preparation. All the members live in the city of Talca.

Sara is the representative of the communal bank group. She is seen in the back part of the photo, in the last row, occupying the second spot from left to right, and has short, light-brown hair.

She has a chocolate-making business, and also does vitrofusion (a craft involving glass melted at high temperature). She says that the seasons with the highest demand are from April on. She has been carrying on this work for 10 years. Her work hours are flexible; a few hours during the morning and afternoon, from Monday to Friday.

She promotes her products via word-of-mouth, as she has quite a number of customers. She buys her merchandise at various distributors, glassworks, and markets, where she finds more affordable prices. With the loan, she will buy materials and ingredients for her business. Her goals are to see her business grow, and have the chance to teach this trade to more people.

Sara lives with her two children, ages 19 and 8. Her eldest daughter goes to university, studying nursing. She is very happy and grateful for the opportunity provided by Fondo Esperanza, as it will allow her to invest in her business. She says that the group she belongs to is very nice and supportive.

Talca is part of Maule region, located in the central area of the country. It serves as the administrative, economic and cultural center of the region, being the most important city in the Central Valley of Chile.

There is a curious allusion to Talca in Chile, the expression "Talca, Paris, and London." Among the many myths about the matter, some say that it derives from something an English person once said, "Talca looks like London" [Spanish "parece" 'looks like' and "París" 'Paris' sound alike] because of the abundant fog that frequently covers the city in the winter season, similar to the capital of the United Kingdom.

In this group: Sara, María Cecilia, Elizabeth, Johanna, Gloria, Graciela, Rosa, Mario, Adriana, María Fernanda, Sofía, Romina, Oriana, Eliana, Lucia, Sonia, Evelyn, María Fernanda, Cecilia

Translator profile picture

Translated from Spanish by Kiva volunteer Jeff Goldie

Loan details

Lenders and lending teams

Loan details