A loan of $5,175 helped a member to buy children’s and adult’s clothes and household items like lamps and curtains.

Retiro Emprende Con Esperanza Group's story

The name of this communal bank is “Retiro Emprende con Esperanza”. It is comprised of 19 entrepreneurs who devote themselves to different fields. Among their businesses are a warehouse, bookstore, selling crockery, vegetables, selling clothes, cake shop, selling pet food, bakery, beauty products, and services, among others. All of them are from the city of Linares.

Cecilia, a member of the communal bank, is seated in the first row, fourth person going from right to left in the photo. She is wearing a brown t-shirt with a black vest. She has short, dark brown hair. Her little granddaughter, Alison, is on her lap.

Cecilia has been selling clothes and household items for two years. She says that she works at home Mondays through Sundays. Her delivery schedule is according to her availability.

She buys the merchandise she needs to stock her business in the city of Santiago. She works by customer order, and she gets the clothes and accessories that have been ordered. She finds them at a low cost, which is consequently cost effective.

She will use the loan to buy children’s and adult’s clothes and household items like lamps and curtains.

One of Cecilia’s goals is to set up a bazaar type store in her house. She also wants to expand it in order to increase her income and provide her family with good stability.

Cecilia lives with her husband and their three children, ages 27, 20, and 8. Her dreams on a work level are to stabilize with her bazaar type business. On a family level her dream is for her children to lack nothing and for all of them to have a good quality of life.

She is very happy and grateful for the opportunity given to her by Fondo Esperanza. It will allow her to invest in her business. Regarding her communal bank, she says that they have very good communication. The trainings have served for her to learn new strategies about sales and accounting.

Linares is an important urban center in the Maule region, located in the country's central zone. In this area agricultural production stands out significantly, as well as the wine industry in the ambit of exports. In particular, cereal crops (rice, wheat, corn and oats), vegetables (beets, cabbage, lettuce, chard and legumes) and fruits are grown. Linares is Chile's main rice-producing province; in fact, 78% of the nation's production of this grain takes place in this province, especially in the municipality of Parral.

In this group: Cecilia, Ruth, Evelyn, Moises, Fidelina, Carmen, Elizabeth, Ruben, Alicia, Sandra, Eliana, Ana, Monica, Marcelo, Carolina, Teresa, Victor, Eloisa, Felix

Translated from Spanish by Kiva volunteer Ginny Kalish

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