A loan of $1,625 helped to buy beer, beverages, bottles of wine, cognac, crème de menthe, pastries, and food products.

Esmilda's story

Esmilda is a member of the Communal Bank “Caminando Juntos” (Walking Together) which is located in the city of Rancagua. She works in the restaurant field where she offers all types of drinks and foods. Her restaurant is always has many customers as a result of the good service she offers. She began working in this restaurant 35 years ago when she established it at her home with the help of a friend. Her work schedule is from Monday to Friday depending on her availability since she is in delicate health.

Esmilda buys her inventory from distributors and liquor sellers so that she can stock her restaurant. With this loan, she will buy beer, beverages, bottles of wine, cognac, crème de menthe, pastries, and food products. One of Esmilda’s goals for her business is to expand her home so that she can produce her delicious empanadas. Her customers will also be able to see how the empanadas are made.

Esmilda lives with her friend who serves as the right arm of her business. Her dreams on a personal level include returning to writing books once her financial problems are behind her. She wants to write tales, poems, and stories while still continuing to grow her restaurant so that she provide jobs to other people.

Esmilda is very pleased and appreciative of the opportunity provided by Fondo Esperanza so that she can invest in her business. In addition, she feels very comfortable to be in the company of other entrepreneurs in her Communal Bank group with whom she shares different activities and interests. Their meetings also provide her with a moment of distraction.

Rancagua is part of the Libertador Bernardo O’Higgins region. This modern city is one of the main producers and exporters of fruits and wine in Chile. It is also a mining city because it is the home of “El Teniente”, one of the largest underground mines in the world with 4500km of tunnels.

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Translated from Spanish by Kiva volunteer Ronan Reodica

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