A loan of $3,150 helped a member to buy mosaic tiles, adhesive, resin, almonds, peanuts, walnuts and raisins to stock her business.

Fe Y Esperanza Group's story

This community bank is called “Fe y Esperanza” (Hope and Faith). It is made up of 16 entrepreneurs who all work in different business activities including, selling sushi, selling underwear, selling homemade bread, selling wholewheat bread and providing services. All of the group's members live in Peñalolén, in the city of Santiago.

María is the president of this community bank. In the photo, she is standing on the far right of the second row. She is wearing a coffee-colored top and has short, dark brown hair.

María has been making mosaics and selling dried fruit for three years. She says that that she works weekends in craft fairs and at other times outside malls. Her work hours vary according to her availability.

María buys her merchandise in different stores and supermarkets at low cost. This is financially convenient. She will use her loan to buy mosaic tiles, adhesive, resin, almonds, peanuts, walnuts and raisins with which to stock her business. One of María's business goals is to open premises from which she can serve her customers.

María lives together with her husband, her mother-in-law and her 12-year-old daughter who is in school. Her dream is to set up her own store so that she can earn more secure income. This will allow her to provide her family with a better quality of life.

María is very happy and grateful for the opportunity that Fondo Esperanza have given her as it has allowed her to invest in her business. She also feels very comfortable in the company of the other members of her community bank as they share different activities. The training sessions that are provided during meetings have taught her how to better run her business.

Peñalolén is located in the east of the Metropolitan region. It has a number of attractions such as its vineyards, historical buildings and natural sites where you can go on trips. These elements are turning this area into a new tourist destination within the Metropolitan region.

In this group: Maria, Tamara, Claudia, Catalina, Joselyn, Angelica, Ana, Karina , Daniela, Maria, Maria, Susana, Miguel, Susana , Viviana, Marivil, Ana
*not pictured

Translated from Spanish by Kiva volunteer Linda Oxnard

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