A loan of $5,075 helped a member comprará ropa para damas, varón, niños y bebes.


Inversion Group's story

This communal bank named “ Inversión ” [Investment] comprises 20 entrepreneurs of various professions including: dressmaking; selling food, eggs, chicken, kites, and bread dough; and other services. All the members live in the city of Valparaíso.

Ruth is the communal bank member in the photo seated in the first seat from left to right of the first row, wearing a red jacket, black pants, and brown boots and wearing her brown hair down. She has been selling clothing for a year. She says she works alone from Monday to Friday on a schedule subject to her availability. She displays her merchandise in a daycare, where her clientele is steady. She usually buys the merchandise in Santiago at a discount so that her business is profitable. She will use the loan to buy winter clothing for women, men, children, and infants. Her goals are to keep growing her business and increasing her earnings so that she can offer her family and herself a better life.

Ruth lives with her husband, who is self-employed, her mother, and her 23-year-old son, who is working. She dreams of having an established store where she can serve her customers and stock other merchandise. She is happy and grateful for the opportunity offered through Fondo Esperanza, as the loan allows her to invest in her business. She is comfortable with her communal bank and, therefore, wants to continue participating in the institution. She says that the group's training and meetings have led her to better investing.

Valparaíso is 120 kilometers northeast of Santiago. It is the regional capital, the seat of the country's legislature, and its main port. There are also numerous beautiful, picturesque places such as the home of Nobel Prize winner Pablo Neruda.

In this group: Ruth, Maria, Mauricio, Maria, Maria, Maria, Valeria, Luis, Maria, Sergio, Pedro, Tamara, Emma, Cristian, Maria, Elizabeth, Margarita, Andrea, Claudia, Luciano
*not pictured

Translated from Spanish by Kiva volunteer



Loan details


Lenders and lending teams



Loan details