A loan of $4,100 helped a member to buy accessories.

Los Mercaderes Group's story

This communal bank is called “Los Mercaderes” (The Merchants) and it has 21 entrepreneurs are in a variety of lines of work among which are chocolate sales, children’s clothing sales, publicity, curtain sales, sewing, new clothes sales, mobile phone repair shop, didactic toys, beauty products and services, among others. All of them are from the city of Osorno.

Andrea, communal bank delegate appears in the photo standing in the first row, first from left to right wearing black and with her dark brown hair gathered up.

She has been working selling new clothes and some women’s accessories for the last two years. She comments that she works from home Monday through Saturday and sometimes on Sunday. She arranges her work schedule according to availability.

She buys the merchandise she needs either via Internet or in the city of Santiago at low cost which is an economic advantage. She will use the loan to buy just accessories like purses to stock her business.

Andrea’s goal is to be able to have a store outside her house so that she can tend to customers more comfortably while at the same time generate higher income for her family’s wellbeing.

Andrea lives with her husband and two daughters who are 4 and 11 years old. Her dream at a personal and family level is to own a house and she’s currently waiting for the application process.

She is very happy and grateful for the opportunity Fondo Esperanza is giving her because it’s allowed her to invest in her business. She feels very comfortable in company of her fellow communal bank entrepreneurs because they share various activities and interests. As for the training received, she’s learned to manage her business in a better way.

Osorno is a city located in south Chile, Los Lagos Region. It’s an important agricultural and livestock raising area known as Chile’s “Country of Milk and Land of Meat.” Wheat and oat farming and cattle raising stand out within the agricultural and animal husbandry activity for processing meat and dairy products as well as the manufacture of farm equipment. Osorno also stands out as having Chile’s only roofed soccer stadium, the Rubén Marcos Municipal Stadium.

In this group: Andrea, Sandy, Cintya, Irma, Monica, Gustavo, Margoth, Lilian, Carolyn, Adalia, Roberto, Gladys, Marta, Patricio, Irene, Maria, Jenifer, Viviana, Samuel, Constanza, Raquel

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Translated from Spanish by Kiva volunteer Polliz

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