A loan of $4,525 helped a member to buy clothing and training items for the sports club.

Surgir Con Esperanza Group's story

This community bank is called “”Hope Arises”. It is made up of 19 members that are businesspeople who are dedicated to different types of businesses such as a roving salesperson, a salad vendor, a fish vendor, a vendor of masa (corn dough), a toy salesperson, an egg vendor and a toilet paper salesperson. All the members live in Valparaiso.
Teresa is the president of the community bank. In the photo she is seated in the first row, the person on the left. She is wearing a brown jacket and on her legs she has a blanket that is light blue and yellow. On her hair is a ponytail holder and her hair is light. She sells household goods and clothes from her home. In addition she has worked at a sports club for the past three years. She works from Tuesday to Sunday. Monday’s she does household chores. Her business is located in her home. In this business she sells home articles and clothes. At the sports club she sells sports items such as ping-pong balls, pool table cues and other items that people use at a sport’s club. The merchandise and goods that she needs, such as the household decorations, she buys from different distributors and from the supermarket. The goods for the club she buys wholesale in Santiago as this benefits her economically.
With this loan she will buy clothing and sports training items for the club. One of her goals is to be an administrator of a sports club. In this way she can sell her items without hassles. In this way she can obtain a better quality of life for her children.
Teresa lives with her mother and five children, ages 18. 17.15, 8 and 6. Her dream for her work is to have a boutique where she sells quality clothes, which will make her customers happy. She is very content and thankful for the opportunity provided by the foundation. She hopes they will allow her to invest in her business. The loan is essential for her business and also for her personal development. From this business she has learned how to organize and distribute her earnings and investments in a better way.
Valparaiso is located 120 kilometers to the northeast of Santiago. It is the regional capital and also the location of the legislature in the country. It is the first port of the nation and it has a great variety of beautiful and picturesque places such as the house of Pablo Neruda, the winner of the Noble Prize.

In this group: Teresa, Laura, Magdalena, Juan, Eliana, Maria Teresa, Mauricio, Paulina, Betzabe, Johanna, Giovanna, Joselyn, Rossana, Marcela, Bertina, Karen, Priscilla, Myriam, Victor

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Translated from Spanish by Kiva volunteer Esther Levandoski

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