A loan of $2,450 helped a member to buy different styles of clothing for women and children for the summer season.

Progreso Group's story

This communal bank, called "Progreso," is made up of 16 entrepreneurs who work in different areas. These include: weaving, dressmaking, handicrafts, a mechanic's shop, hardware sales, clothing sales, the sale of food items such as eggs and bakery goods, and other services. All of the members live in the city of Valparaíso.

Jessica is a member of this communal bank. In the photo, she is seated in the front row in the second seat from the right. She is wearing a gray vest underneath a black jacket, and blue jeans. Her hair is dark brown and she wears her hair loose. She has had a business selling women's and children's clothing for 6 years. She comments that she works from her house from Mondays through Saturdays. She makes her sales in the house, and then distributes her products on a schedule depending upon her availability.

She buys her merchandise in the city of Santiago from various wholesalers and businesses where she can find clothing at a low cost, which is thus financially advantageous. With this loan, she will buy different styles of clothing for women and children for the summer season.

One of Jessica's goals is to have a business with her mother, because her mother is a dressmaker who could make garments for her customers. This way, they could generate more income for the family.

Jessica lives with her husband and 3 children aged 11, 10 and 8 years, who are in school. At the family level, her dreams are to give her children a good life and a good education, and at the personal level she dreams of taking a class in dressmaking so that she could work with her mother.

Jessica is very grateful and pleased with this opportunity that is being provided by the Fondo Esperanza, because it will allow her to invest in her business. She comments that the training has been essential for her business, and also for her personal growth, because she has learned how to better organize and allocate her income and investments.

Valparaíso is located 120 kilometers northwest of Santiago. It is the capital of the region, and also the headquarters of legislative power in the country. It was the first port in the nation, and it offers a variety of beautiful and picturesque places, such as the house of the poet Pablo Neruda, winner of the Nobel Prize.

In this group: Jessica, Gullermina, Sandra, Sonia, Pamela, Giovanna, Marta, Maria, Maria, Juan, Aldo, Sergio, Carlos, Ingrid, Veronica, Myriam

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Translated from Spanish by Kiva volunteer Lisa Grobar

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