A loan of $3,275 helped a member to make purchases for her baked goods, specifically flour, eggs, oil, sugar and margarine.

Nueva Oportunidad Group's story

This communal bank is called “ Nueva Esperanza” (New Hope). It is made up of 17 entrepreneurs who makes their livings in different lines of work including clothing sales, wood sales, firewood sales, jewelry, perfumes, loaf bread and services, among others. They all live in the city of Talca.
Claudia, the representative of the communal bank, is in the first row of the photo. She is the third from the left, wearing a white jacket with pink trim and has light brown hair worn in a ponytail.
Claudia makes her living baking, making cushions and making bathroom curtains. She says that she works with others making the cushions, which she does from Monday to Sunday. And in the afternoons, she sells her baked goods, specifically cakes, and "calzones roto" (a Chilean sweet made of fried dough. It uses flour, baking powder, powdered sugar and eggs and is usually served in the wintertime). Claudia's work schedule is divided according to her availability. She purchases her merchandise from supermarkets and wholesalers that offer everything she needs for her baked goods, cushions and curtains at low cost, which makes it economically advisable.
With this loan, Claudia will make purchases for her baked goods, specifically flour, eggs, oil, sugar and margarine.
Claudia's goal is to get even better at making the cushions and curtains, as she hasn't been doing it for as long.
Claudia lives with her 9-year old daughter. Her dream for her personal life is to finish school, as she was only able to attend through her eighth year of primary school.
Claudia is very happy about and grateful for the opportunity Fondo Esperanza has offered her to invest in her business. In addition, she feels very comfortable with the other entrepreneurs in the communal bank; they share with each other their different businesses and interests.
Talca belongs the Maule Region, which is located in Chile's central zone. It constitutes the administrative, economic and cultural center of the region. It is the most important city in the Chilean Central Valley. There is a funny saying in Chile about Talca, the phrase "Talca, París, y Londres." (Talca, Paris and London). Among the rumors, it is said that the phrase is a derivation of one originally said by an Englishman "Talca parece Londres" (Talca seems like London) because of the abundant fog that frequently covers the city in wintertime, just like in the capital of the United Kingdom.

In this group: Claudia, Maria, Lorena, Jorge, Maria, Alamias, Delmira, Jacqueline, Soledad, Alicia, Victoria, Maria, Ana, Sandra, Susana, Elsa, Paola

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Translated from Spanish by Kiva volunteer Marni Siegal

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