A loan of $3,425 helped a member buy products to stock her store.


El Esfuerzo Group's story

The Communal Bank “El Esfuerzo” is made up of 15 entrepreneurs, who have different lines of work, like clothing sales, vegetable sales, tailoring, butcher, snack sales and fast food sales, among others. They all belong to the community of Espejo in the city of Santiago. Janet is the president of the group at the Communal Bank. In the photo, she is in the last row, in the 2nd place from right to left. She’s wearing a t-shirt with a print on it and she’s wearing her hair up, which is black. She works in retail. Specifically, she’s been running a store where she sells groceries, drinks and candy for 3 years now. She works a long day, from 8am to 2am. She tells us that it is going very well since she has a fixed clientele and no competition. She usually buys her goods from distributors and in La Vega (farmed goods and groceries sold every day to big restaurants and small businesses alike). With this loan she’ll buy products to stock her business. Her goals are to expand her business because right now the business is taking up a room in her house and to buy new appliances. She wants to buy a freezer. Janet lives with her husband, her 28-year-old daughter and her 1-year-old grandson. One of her personal dreams is to prosper in her business so she can offer her family a better quality of life. She is very happy and grateful for the opportunity given to her by Fondo Esperanza because she can invest in her business. She tells us that her group is very united and committed, which makes her feel comfortable. The training she has received has allowed her to better organize her business. Lo Espejo is a community located in the western part of the metropolitan region (where Santiago, the capital of Chile, is). This is one of the most densely populated regions of the country. Population growth commenced when people from other parts of the country came to look for better opportunities in the 60s and 70s, giving rise to important areas like Jose Maria Caro, Santa Adriana, Lo Valledor.

In this group: Janet, Patricia, Anselmo, Ismael, Jessica, Rosa, Jorge, María Graciela, María, Paulina, Alejandra, Rita, Clara, Johanna, Karen
*not pictured

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Translated from Spanish by Kiva volunteer Beatriz Yuste



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