A loan of $4,125 helped a member to remodel the shop where she offers her products.

Las Topacios Group's story

This Communal Bank is called "Las Topacios" and consists of 17 entrepreneurs who engage in different trades. These include making handicrafts, exhibiting products at the fairs, selling food, performing manual jobs, providing services, and other business activities. All of the members are from the city of Valdivia.

Andrea, the president of the Communal Bank, is seen in the photo standing in the first position from left to right. She is wearing a blue-colored jacket and has her hair taken back. Andrea is in the craft trade, specifically selling woven products and providing various services, such as preparing marmalades of various seasonal fruits. She has been in these businesses for 14 years. The merchandise and ingredients that she needs are purchased in the cities of Valdivia and Santiago. With this loan, she plans to remodel the shop in which she works so that she can offer her products. Her goals for her business include continuing to grow so that she can open more shops.

Andrea lives with her husband and young daughter. One of her dreams is to expand with more shops. She is grateful for the opportunity Fondo Esperanza has given her to grow her business. In addition, she is comfortable with her group, whose members demonstrate respect and trust.

Valdivia is a city in southern Chile and is located in the region of Los Ríos. This area is known for having one of the few navigable rivers in Chile, the Calle Calle. Valdivia's main industries include ship builders, lumber mills, paper processing plants, cellulose plants (Celco), breweries, and grain mills. Tourism also plays a vital role, as well as educational institutions led by the Southern University of Chile.

In this group: Olga, Adriana, Gladys, Daniela, Fresia, Leticia , Andrea, Leslie, Veronica, Cristina, Ivonne, Ruth, Angela, Daniela, Carlos, Lorena, Sandra

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Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

Lenders and lending teams

Loan details