A loan of $5,100 helped a member to buy accessories for necklaces and young women's clothing of different sizes and styles.


Anhelo Group's story

This communal bank is called "Anhelo." It's made up of 21 entrepreneurs who make a living doing business, specifically selling jewelry made of steel, technological accessories, toys, embroidery, women's clothing, women's lingerie, and chocolates, and working weekly and having a store and a hair salon, among offering other services. All of them belong to the city of Talca.

Francisca, the communal bank group's treasurer who is standing in the back row fourth from the right in the picture, is in front of the window and has long, light brown hair that's down. She's been making a living in the imitation jewelry business (making handmade necklaces and bracelets) for five years and selling young women's clothing for three years. She says that she works from Monday to Friday and her schedule is spread out according to her availability.

She buys the merchandise that she is going to need at a lower cost in the city of Santiago in shops and at wholesalers that specialize in selling imitation jewelry accessories and at clothing stores or street markets, therefore being financially convenient.

With this loan she will buy accessories for necklaces and young women's clothing of different sizes and styles.

The goal of her business is to settle into a store in order to generate greater earnings and thus opt for a better quality of life.

Francisca lives with her mother, grandmother, sister, and young 4-year-old son. Her dream at a personal level is to be able to complete her university studies, and at a working level, to continue with the business in order to provide the best for her son and family.

She is very happy and grateful for this opportunity given by Fondo Esperanza since it will allow her to invest in her business. She says that the trainings have been fundamental for her business and also for her own personal development since she's learned to organize and distribute her earnings and investments in a better way. With respect to the communal bank's group of which she's a part, she says that there's very good communication. Talca belongs to the region of Maule, located in the central area of the country. It represents the administrative, financial, and cultural center of the region being the most important city in the Chilean Central Valley.

There is a curious reference in Chile about Talca- the phrase, "Talca, Paris, and London." Among myths on the subject some say that it's a derivation from that originally said by an Englishman, "Talca looks like London," due to the abundant mist that frequently covers the city in the winter season, resembling the capital of the United Kingdom.

In this group: Francisca, Monica, Marianela, Adelaida, Maria, Ana, Angelica, Ivan, Viviana, Natalia, Daniela, Daniel, Katherine, Paola, Miguel, Sara, Victoria, Tatiana, Luisa, Luis, Cristina

Translated from Spanish by Kiva volunteer Shannon Birk



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