A loan of $6,500 helped a member to buy fabric to make different sizes and styles of women's clothing.

Los Soñadores Group's story

This communal bank is called "Los soñadores" and is comprised of 21 entrepreneurs who are all merchants, specifically selling clothing, baked goods, beauty products, sewing, minimarket, meat pies, olives, and services, among other things. They all live in the city of Valparaíso.

Monica is the secretary of the communal bank group. In the picture she is seated in the second row, second from the right, in blue jeans and a light green jacket with a black bag in her lap. Her hair is dark brown and long. She has been selling shower curtains, cushions, covers, clothing and women's articles such as purses, bags, and billfolds for a year. She says her work schedule depends on her availability.

She usually buys her merchandise in the city of Santiago from the dealers and stores that specialize in the sale of fabrics and other articles. She will use the loan to buy fabric for her sewing jobs and women's clothing in different styles and sizes. Her goal is to open a minimarket in a location to generate more income, so she can have a better lifestyle and give her family the best she can.

Monica lives with her husband, granddaughter and three daughters, ages 22, 17 and 15. Her family goal is to have her own house and for her daughters to finish their education to become successful professionals; and on a work level, to have an established business. She is very grateful and happy about the opportunity received through Fondo Esperanza, which will allow her to invest in her business. She says the training has been fundamental in her business and for her personal development, since she has learned how to organize and distribute her income and investments better. In her communal bank she feels very comfortable because the members are united and responsible.

Valparaíso is located 120 kilometers northwest of Santiago. It is the regional capital as well as the country's seat of legislative power. It is the number one port of the nation and offers a wide variety of beautiful, picturesque sites, such as the home of the poet Pablo Neruda, winner of the Nobel Prize.

In this group: Monica, Daphne, Juana, Lorena, Pamela, Zoilo, Anylse, Myriam, Ana, Jimmy, Ecilda, Nelson, Marisol, Cristobalina, Karen, Miryam, Edith, Marjorie, Marina, Margarita, Andrea
*not pictured

Translator profile picture

Translated from Spanish by Kiva volunteer Sherry Bess

Loan details

Lenders and lending teams

Loan details