A loan of $775 helped to buy vanilla, chocolates, bags, and an overhead canopy for her business.


Karina's story

Karina is a member of the Communal Bank “Forjadora de Sueños” (Forger of Dreams) which is located in the city of Rancagua. She has been making pastries for two years. Karina says that she works out of rented storefront and her distribution schedule is based according to her availability. She works Monday through Saturday producing cakes, pastries, and bread. Sometimes she offers other products to sell such as beverages, frozen treats, and candy. Her business is located near a school, so she takes advantage of this in order to sell all of her products.

Her supplies are purchased in the city of Santiago from various distributors, importers, and shops that carry products for baking at low cost, thus making it financially convenient for her. With this loan Karina will buy vanilla, chocolates, and bags to restock her business. She will also buy an overhead canopy. One of Karina’s goals is to rent a much larger location and stock it with more products and merchandise to generate more income. As a result, she will be able to achieve a better quality of life.

Karina lives with her husband and three children (ages 11, 7, and 1). Her dreams for her business include having a larger shop and stocking with other products. In terms of her family, she hopes to see her children do well in their studies so that they can make their way in life. She is very pleased and appreciative of the opportunity that Fondo Esperanza has given her to invest in her business. In addition, she feels very comfortable working with the other entrepreneurs in her Communal Bank with whom she shares various activities and interests. The meetings also provide her with a moment of distraction. With regard to the training classes conducted during their meetings, Karina has learned how to do a better job of managing her business.

Rancagua is part of the Libertador Bernardo O’Higgins region. This modern city is one of the main producers and exporters of fruits and wine in Chile. It is also a mining city because it is the home of “El Teniente”, one of the largest underground mines in the world with 4500 kilometers of tunnels.

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Translated from Spanish by Kiva volunteer Ronan Reodica



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