A loan of $3,975 helped a member to purchase chocolates, candy, noodles, butter, and flour.

Esperanza Group's story

The “Esperanza” Communal Bank is comprised of nineteen entrepreneurs engaged in various trades that include selling husked wheat, hardware, children’s clothing, and general clothing as well as exhibiting goods at fairs, owning a grocery store, and other activities. All of the members belong to the San Bernardo commune located in Santiago.
Sandra is a member of the Communal Bank. In the photo, she is seated in the third row, second from the right, wearing a blue skirt with pink trim. She is wearing a medal and she has dark chestnut hair that she is wearing loose.
She has been engaged in grocery store sales for two years. She says that she works in her home Monday through Sunday, from 7:30 to 10:30.
She purchases the merchandise and supplies she needs for her grocery store from various supermarkets and candy distributors at low cost, so her business is profitable.
She will use the loan to purchase chocolates, candy, noodles, butter, and flour.
One of Sandra’s business goals is to have the opportunity to expand her store so that she can serve more customers, generate higher income, and in this way, achieve a better quality of life.
Sandra lives with her husband and three children, ages 22, 10, and 8. Her personal dream is to complete construction of her home and provide her family with better living conditions. Her work goal is to have a larger business.
She is very happy and grateful for the opportunity that Fondo Esperanza had given her as this has enabled her to invest in her business. In addition, she feels very comfortable in the company of the other entrepreneurs in the communal bank because they share various activities and interests. In regard to the training provided at the meetings, she has learned to manage her business better.
The city of San Bernardo is located 18 km directly south of the main square of Santiago, Chile’s capital. Santiago is known as the capital of folklore because each year in January, they hold the “International Folklore Festival, an event in which the country’s ethnic groups gather together with musical groups from all over South America. They also host the “Traditional Crafts Fair” in which all the artisans from Chile and other nearby countries participate. Then in April, they host the “Abril Cuecas Mil” (Thousand Dances of April) which consists of Cueca (Chilean traditional dance) dancing throughout the commune.

In this group: Sandra, Carlos, Claudia, Claudia, Jorge, Susana, Vilma, Oscar, Mario, Lisandro, Franco, Ana, Ingrid, Monica, Walter, Elvia, Rocio, Luis Andres, Luis Rolando

Translated from Spanish by Kiva volunteer Eleanor Francoletti-Putz

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