A loan of $1,550 helped tp buy hair dyes, liquids, permanents, gloves, jackets, shirts, and sweaters.

Marcia's story

Marcia is part of the “Esperanza Requinoa” communal bank, in the city of Rancagua. She has had a hair styling salon and variety shop for 20 years. She explains that she works from home, Monday through Sunday, from 9:00AM until 8:00PM. In her salon she takes care of her salon-related duties, which specifically are cutting, styling, and dyeing hair. In her variety shop she sells clothing for adults and children and some perfumes that her customers have requested.

She buys her merchandise from distributors in Santiago that specialize in selling hair products, perfumes, and clothing because of their large variety and their low cost, which makes them economically convenient.

With the loan, she will buy hair dyes, liquids, permanents, gloves, jackets, shirts, and sweaters to stock her business.

Marcia’s goals for her business are to expand her store and to stock it with a large quantity of perfume and clothing items. In her salon she would live to add a hair removal machine.

Marcia lives with her husband and 2 children who are studying. Her dreams for her family are to provide them with economic stability and for her children to finish their studies so they can become great professionals in the future. Her dream for her work is to expand the store that she already has in her house.

She is very happy and grateful for the opportunity that Fondo Esperanza has provided her because it has allowed her to invest in her business. She is also very comfortable in the company of the other entrepreneurs in the communal bank group because they all share their different businesses and interests.

Rancagua belongs to the Libertador Bernardo O’Higgens region. It is a modern city that processes the majority of the fruit and wine grape production and export in Chile. It’s also a mining city because the nearby mountains have the largest mine in the world, the “Lieutenant” mine, which has 4,500 kilometers of tunnels.

Translated from Spanish by Kiva volunteer Jennifer Day

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