A loan of $650 helped to buy iced treats, drinks, chips, dairy products and pork sausages.

Elena's story

Elena is a member of the 'Forjadoras de sueños' community bank which is located in the city of Rancagua. She has been running a general store / notions store / candy store for four years. She says that she rents her premises and works from Monday to Saturday, from 9.00am to 8.00pm. She buys the merchandise that she needs for her business in different supermarkets and from suppliers and sellers who come to her premises offering dairy products and pork sausages for sale at low prices, which is financially convenient. Elena will use her loan to buy iced treats, drinks, chips, dairy products and pork sausages.

One of Elena's goals is to continue growing her business as she has up to now. She will stock her business as much as she can and meet the needs of her customers. This will enable her to provide her family with a better quality of life.

Elena lives together with her 20-year-old daughter who is studying. Her dreams for her family are to see her daughter finish her education and become a successful professional. This will see her duty towards her daughter completed. On a work level, she would like to own her own business premises where she can have a well-stocked business and more customers, and thus make more income.

Elena is very grateful and happy for the opportunity she has been given by Fondo Esperanza as it has allowed her to invest in her business. She also feels very comfortable with the other entrepreneurs who belong to her community bank as they share different activities and interests which has allowed her to enjoy her time with them. As regards the training sessions that they receive during their meetings, she has learned how to better run her business.

Rancagua is located in Libertador Bernardo O'Higgins region. It is a modern city which controls the main fruit and wine production and exportation process in Chile. It is also a mining city and its mountain range is home to the world's largest underground mine "El Teniente" which has 4,500 kilometers of tunnels.

Translated from Spanish by Kiva volunteer Linda Oxnard

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Loan details