A loan of $6,275 helped a member to buy different kinds of fabric for making women's clothing.

Emprendedores De La Juan Antonio Rios Group's story

The 18 members of the Emprendedores de Juan Antonio Rios community bank operate various businesses that include clothing manufacture and sales, retail sales, hairdressing services, etc. All the members live in the Independencia neighborhood of Santiago.
Nicole, standing on the far left in the photo, is the president of the community bank. She operates a clothing business. Specifically, she has been making and selling women's clothing for 3 years. She says that she works in a space that she set aside at home for the business. She works from Mondays to Saturdays, with no set hours.
She tells us that she normally buys fabric from distributors in her neighborhood because she can get the best price there.
She will use this loan to buy a range of fabrics for making women's clothing.
For the future, she would like to buy specialized sewing machines--overlock, cutting, bordering, etc.--that will allow her to expand her business and, in turn, her income and quality of life.
Nicole lives with her husband and 5-year old daughter. Her work-related goals are to grow her business and sell to large retail buyers. Her family-related goal is to buy a house.
Nicole says that she is grateful for the support she's received from Fondo Esperanza. She adds that she likes her community bank very much because there's an air of generosity and mutual support that she values.
Independencia is one of 34 "comunas" of Santiago (the capital of Chile). It is a north-central neighborhood of the city and dates from the XIX century. Its main street is Av. Independencia, the main road in to Santiago from the north and along which once passed the old Camino del Inca. Because of its large indigenous population, Independencia is home to Chile's Centro Cultural Indigena. Many historic buildings are located in Independencia, as well, including 6 national monuments.

In this group: Nicole, Julia, Bernarda, Susana, Sonia, Marisol, Luis, Monica, Maria, Mary, Elena, Cristina, Jessica, Liza, Francisco, Claudia, Isabel, Ana

Translator profile picture

Translated from Spanish by Kiva volunteer Jere Wiseman

Loan details

Lenders and lending teams

Loan details