A loan of $5,950 helped a member buy fabric, ribbon, thread, bobbins (crochet wool), and hair dye.

Nuestra Nueva Esperanza Group's story

This community bank is called Nuestra Nueva Esperanza and is made up of 18 members who earn their living in a variety of ways: bicycle repair shop, clothing sales, crafts, pastry making, toys, gift stall, hairdressing, embroidery, sewing, fruit and vegetable sales, greenhouse, and services.

Elizabeth is the president of the community bank. In the photo she is standing in the front row, second on the left. She is wearing a grey jacket and a scarf (a garment you wrap around your neck to protect it), and ear rings. Her light brown hair is long. Elizabeth makes crafts and is also a hairdresser. For the last eight years she has been a teacher of older adults in the community. She works from Monday to Friday in the community, and in the afternoons she does crafts and works in the salon.

Elizabeth particularly enjoys making crafts for which she takes orders. She knows twenty one different stitches and styles of embroidery. She buys her supplies from specialist distributors of crafts and hair products.

With the loan Elizabeth will buy fabric, ribbon, thread, bobbins (crochet wool), and hair dye. Her goal is to continue her business and to buy an embroidery machine so that she can earn more money and achieve a better standard of living.

She lives with her 21-year old daughter who is a student. Her dream is to have a workshop of her own where she can put her sewing and embroidery machines. She would also like to see her daughter graduate from university and her work completed.

She is very grateful for this opportunity provided by Fondo Esperanza for a loan to invest in her business. As well, she is happy to be part of her community bank who motivate her to continue participating.

San Fernando is a town located in the region of Libertador General Bernardo O'Higgins in the central part of Chile. The most important economic activities of the town are agriculture (grape growing, beets, fruit trees, tobacco, wheat, and traditional crops), industries associated with agriculture such as fruit exports and milk products, and commerce.

In this group: Elizabeth, Maria, Andrea, Clorinda, Rosa, Olfa, Digna, Marilu, Sara, Eufemia, Paola, Beatriz, Alvaro, Ramon, Maria, Elba, Fabiola, Milagro

Translated from Spanish by Kiva volunteer Jane A

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