A loan of $5,350 helped a member comprará una bordadora, hilos, telas.


Las Rosas Group's story

The name of this communal bank is Las Rosas. It comprises 20 entrepreneurs who work in commercial activities, specifically arts and crafts, clothing sales in general, food, hairdressing, vulcanization, and other services. They all belong to the city of Coquimbo. Maria Cecilia, who is standing in the middle of the first row in the picture, is wearing a brown striped skirt, a green vest, and a scarf. Her hair is black and she is wearing it loose. She has been working in the dressmaking trade for 20 years. She works Monday through Friday and her workshop is in her home. She purchases her merchandise in the city of La Serena. She says she would like to travel to the city of Santiago and make her purchases there, because it is cheaper and there is more variety. She will use the loan to purchase an embroidering machine. Her goal is to set up a larger shop near her home, in order to generate more income, so that she can have access to a better quality of life. Maria Cecilia lives with her daughter, who is going to school. Her dream is to have a large workshop and give people the opportunity to work with her. Maria Cecilia is very grateful and happy with the loan and services offered by Fondo Esperanza. She also says that she feels very comfortable with the meetings and the communal bank group, because there is generosity and unity. Coquimbo is a port city and, on the other hand, a beach resort. It is the capital of Elqui province, in Region IV of Coquimbo, Chile. The economy of this area is mainly based on mining, since it has large deposits of magnesium, gold, silver, copper, iron, and lead. There is also agriculture, which is developed thanks to intensive use of the Elqui, Limarí and Choapa valleys, where fruits and vegetables are grown under favorable weather conditions.

In this group: Maria, Angela, Raquel, Paola, Jeannette, Silvia, Pamela, Roberto, Alodia, Margarita, Yasmina, Brijida, Veronica, Fabiola, Maria, Ignacio, Beatriz, Maritza, Sabrina, Paula
*not pictured

Translated from Spanish by Kiva volunteer Mariana Sanchis



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