A loan of $1,600 helped to purchase new clothes for children and adults, toys, and gifts to take advantage of Father's Day.


Teresa's story

Teresa is a member of “Todos Juntos” (All United), a Communal Bank belonging to the town of Viña del Mar. She is a retailer, and activity she has been engaged in for 6 years. Her stall is located in the free markets on Sundays, while Mondays to Saturdays she works in her house. She sells a variety of general products, notably new clothes. She generally buys he products in the town of Santiago, because it is there where she finds goods at low prices. The loan she is requesting will be used to buy various items. One of Teresa’s goals is to open a bazaar in her house, in order to increase her earnings, reaching through this mean a better standard of living. Teresa lives with her husband, their two children, aged 28 and 29, and two grandsons. The dream she has for her family is to be able to make her house bigger. She is very happy about and grateful for the chance she has been given by Fondo Esperanza, as this has allowed her to invest in her activity. She also feels really at ease in the company of the fellow members of her Communal Bank, because sharing with them different actives and interests is a good distraction she enjoys. Viña del Mar is both a city and a township located on the central coast of Chile. It is known as “Ciudad Jardín” (Garden City) because of the gardens and patios found in some of the older homes in the city. Viña del Mar is also considered to be the tourist capital of Chile.

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Translated from Spanish by Kiva volunteer Emanuela Villa



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