A loan of $3,450 helped a member comprará ropa de diferentes tallas y modelos y además algunos accesorios como collares, aros, adornos en general.


En Ti Confio Group's story

This communal bank called “En ti Confío” [I believe in you] comprises 18 entrepreneurs of different professions including: selling potatoes and cabbages; serving breakfast; managing a vendor stall; selling clothing; making handicrafts; electrician; dressmaking; and other services. All the members live in the city of Talca.

Elsa, the communal bank's secretary, is shown crouching in the second from right position in the photo. She is wearing dark brown pants and a brown jacket with orange collar; her purse strap crosses her jacket; and her brown hair is worn down. For 15 years, she has been selling many kinds of new clothing. She works from her house from Monday to Friday, and Saturday and Sunday she manages a vendor stall. Her schedule depends on her availability. She must buy her merchandise in Santiago from stores that offer prices low enough to make her business viable. She will use the loan to buy clothing and accessories such as necklaces, rings, and other items.

One of Elsa's goals is to open a boutique in the center of the city where she lives and generate more income to improve her circumstances. She lives with her parents and her 3-year-old son and hopes to open her boutique as soon as possible so that she can help her family financially. She is pleased and grateful for the opportunity offered by Fondo Esperanza because it allows her to invest in her business. She has great confidence in and respect for her communal bank; through her training, she has learned accounting practices and new selling strategies.

Talca is part of the Maule region located in center of the country. It is the region's administrative, economic, and cultural center and the most important city in Chile's Central Valley. There is an interesting Chilean phrase, "Talca, París, y Londres" [Talca, Paris, London], which some say comes from misstating an English phrase "Talca looks like London," referring to fog that often shrouds Talca during the winter as it does the English capital city.

In this group: Elsa, Jose, Claudio, Rosa, Nestor, Maria, Wilson, Jorge, Margarita, Estrella, Nicole, Jorge , Alexandra, Jeannette, Lisette, Karol, Claudia, Margarita

Translated from Spanish by Kiva volunteer



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