A loan of $1,625 helped to buy oils, beverages, pastries, undergarments, knitted items, and T-shirts.

Nancy's story

Nancy is a member of the Communal Bank “Esperanza Requinoa” which is located in the city of Rancagua. She works in the business trade, specifically selling groceries and managing a package shipping center. Nancy began working in these businesses eight years ago. She says that she works with the help of her husband. Nancy works Monday through Friday and her delivery schedule is based on her availability.

Nancy buys her merchandise from supermarkets and distributors. The supplies for her package service are purchased in the city of Santiago at low cost, which is financially convenient. With this loan, she will buy oils, beverages, pastries, undergarments, knitted items, and T-shirts to restock her business. One of Nancy’s goals is to continue her business so that she can generate more income and choose a better quality of life.

Nancy lives with her husband and son. Her husband helps with the sales in her business and her son is working. Her dreams include seeing her son in charge of the business when she and her husband are not able to work.

Nancy 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. With respect to the training classes conducted during their meetings, she has learned how to manage her business better.

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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