A loan of $7,000 helped a member to buy merchandise.

Esperanza Para Todos Group's story

This communal bank is called “Esperanza para Todos” (Hope for All) and it has 22 entrepreneurs who are in a variety of lines of work among which are: fried potato sales, plant sales, clothes sales, fruit and vegetable sales, snacks, personal hygiene products, kiosk and services among others. All belong to the city of Santiago’s Puente Alto commune.

María, communal bank secretary, is in the first row seated in the first place from right to left. She’s wearing blue pants and a black vest; her hair is gathered.

She’s a merchant specifically selling cleaning supplies. She’s been in this business for a year and works alone in a stand in a street market. She buys her merchandise at a cleaning supplies store. She will use the loan to buy merchandise for her business. Her goal is to be able to open a home-based business to generate higher income.

María lives with her husband who works alongside her and her two children who are 11 and 8 years old. Her dream is to grow with her business and that her daughter continues forward with her schooling.

María is very happy and grateful with the loan and services gotten from Fondo Esperanza. She also comments that she feels very comfortable at the meetings and with her communal bank because there is generosity and unity there.

Puente Alto is a commune in north Santiago, Capital of Chile. It was founded as a small rural village at the end of the 19th-century but due to population growth is now one of Chile’s most populous communes with more than 600,000 inhabitants. It’s the doorway to one of the metropolitan region’s foothill areas known as Cajón del Maipo, a sector with hiking trails, bridal paths and rafting, among other activities as well as accommodations and food services.

In this group: Maria, Carolina, Veronica, Catherine, Silvia, Rosa, Jacqueline, Carolina, Francisca, Juan, Paulina, Miguel, Danny, German, Graciela, Juana, Jacqueline, Sandra, Patricia, Mariela, Ana, Ruth

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Translated from Spanish by Kiva volunteer Polliz

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