A loan of $3,200 helped a member to buy more house linens as well as seasonal items for September (kites).

Futuro Y Esperanza Group's story

This communal bank is called 'Futuro y Esfuerzo' ('Future and Effort') and is made up of 17 entrepreneurs who have various types of businesses, among which: bazaar, toy shop, bakery, bookshop, vegetable shop, clothes shop, sewing, dried fruit shop, services. All of them live in the town of Osorno. Romina is one of the members: in the picture, she is the second standing person from the left (she is the one wearing a brown top with a black cardigan, with black, untied hair). She has been selling used clothing and various accessories such as pins or stuffed animals for seven years. She says that she does that on Saturdays at a market stall from 10 to 14, and that on the other days of the week she sells beauty products from a catalogue. She receives the merchandise she needs for her business in packages from the city of Santiago, since if she buys wholesale from there, she can benefit from lower prices, which is an advantage. With the loan, Romina will buy house linens such as bedclothes and sheets, as well as seasonal articles that sell well in September, such as kites. One of her goals is to keep growing and have a shop, which would be more welcoming for customers, and hopefully provide her with a better quality of life. Romina lives with her mother and her son, who is four years old. Her dream to have a shop is to prepare for her son growing up and her needing more income to help him have a good life and a good future. She is very grateful for the opportunity afforded to her by field partner Fondo Esperanza, because it will help her invest in her business. Concerning her communal bank, she says that there is very good communication within it. Furthermore, the training courses it gives have enabled her to learn new sales strategies and accounting practices. Osorno is a city located in the south of Chile, in the region of Los Lagos ('the lakes'). It is an important agricultural centre, boasting to be 'the home of the milk, the land of the meat' of Chile. Its principal agricultural activities are growing sweetcorn and oats, rearing cattle (for milk and meat), and manufacturing agricultural equipment. The main landmark of the town is the only covered football stadium in the country, the municipal stadium 'Rubén Marcos'.

In this group: Romina, Claudia, Emelina, Yolanda, Orietta, Luisa, Ximena, Oscar, Rosalia, Marisel, Luisa, Carolina, Patricia, Katherine, Francisco, Ernestina, Carla
*not pictured

Translated from Spanish by Kiva volunteer

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