A loan of $5,300 helped a member to stock her clothing sales business.

Nuevo Camino Group's story

The 18 members of the Nuevo Camino community bank operate businesses that include: a bakery, animal sales, prepared food sales, cheese sales, clothing sales, kiosk sales, a greenhouse, vegetable sales, crafts sales, fuel sales, paper sales, etc. All of the members live in the city of Chillan.
Carolina, the group's secretary, can be seen standing in the back row, second from the right, wearing a gray coat over a gray blouse, with glasses on.
She has operated a clothing sales business for 2 years. Specifically, she sell new clothing. She operates the business from her house. She works in the afternoon so that she can take care of family duties in the morning.
She sells a wide range of clothing for men, women, children and babies. She buys from wholesalers in Santiago because that's where she can get the merchandise she needs at the lowest cost. She will use this loan to buy different sizes and styles of clothing that she will resell to her customers.
For the future, she wants to grow her business and set up a space in her house where she can meet her customers. The investment will help her improve her income and, in turn, her family's quality of life.
Carolina and her husband have 2 children, 17- and 11-years old, respectively. Her husband supports her efforts to make an extra income. They hope to help their daughter start a career in the carabinero (Chile's national police service).
Carolina is happy with the terms of the loans that she receives from Fondo Esperanza. She says, too, that she likes her community bank because its members are generous, considerate and supportive.
Chillan is a town in south-central Chile. The name means "seat of the sun" in Mapudungun, the language of the indigenous Mapuche people. The town is known as the Cradle of the Nation and Land of Artists. It's famous for the many distinguished Chileans who were born here including the well-know pianist, Claudio Arrau.

In this group: Carolina, Maria, Maria, Teresa, Cristina, Rosa, Victoria, Flor, Gladys, Eliazar, Sumilda, Olfa, Maria, Priscila, Oriana, Ana, Yohana, Rosa

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Translated from Spanish by Kiva volunteer Jere Wiseman

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