A loan of $2,850 helped a member to buy vegetables such as peas, beans, carrots, squash, lettuce, tomatoes, celery, and cauliflower to stock her business.

Estrella De David Group's story

This communal bank is called "Estrella de David" (Star of David). It is formed by 17 entrepreneurs who work in different areas, among which are working at fairs, dressmaking, selling bath curtains, selling vegetables, selling fast food, selling firewood, and services, among other things. All the members are from the city of Osorno.

Elizabeth, a member of the communal bank group, is standing in the photograph; she is the first one going from left to right. She is wearing a dark purple jacket. Around her neck is a colored scarf, and she has a small pink purse. Her hair is dark brown and is tied back.

She works as a walking vendor. Specifically, she sells vegetables in the streets and at fairs. She has been doing this for 10 years. She comments that she works every day, but in the winter season she only works one day, which is Saturday. She offers her fresh vegetables to her customers at a fair. Her work schedule on Saturdays is from 8 am to 6 pm.

She buys the merchandise that she needs in warehouses at low cost, therefore it is economically convenient. With the loan she will buy vegetables such as peas, beans, carrots, squash, lettuce, tomatoes, celery, and cauliflower to stock her business. One of Elizabeth's goals is to continue growing day by day and to have a regular stall inside the fair and at the same time to generate more income, since she needs to have more resources for her home, because the children are growing and at the same time the need to give them a good life is growing.

Elizabeth lives with her husband and their two children, both 7 years old. Her dream at a family level is to enlarge her house so that everyone can be more comfortable.

Elizabeth is very happy and thankful for the opportunity offered by Fondo Esperanza, since it will permit her to invest in her business. She comments that the training has been essential for her business and also for her personal development, since she has learned to organize and distribute her income and investments in a better way.

Osorno is a city located in the southern region of Chile, the region of Los Lagos (The Lakes). It is an important agricultural center which is identified as "the home of milk and land of meat" of Chile. The outstanding features of its agricultural activity are the cultivation of wheat and oats, raising livestock for the production of meat and milk, and also the fabrication of agricultural equipment. Osorno is also known for the only covered soccer stadium in Chile, the Rubén Marcos Municipal Stadium.

In this group: Elizabeth, Pamela, Nancy, Marisol, Jorge, Angelica, Bernarda, Liliana, Sergio, Violeta, Fresia, Sonia, Edita, Mayra, Ilsia, Valeska, Yoselyn

Translated from Spanish by Kiva volunteer Pam McMurry

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