A loan of $3,925 helped a member to buy a hard drive, get internet service (to download programs), and advertise the business.


Yo Progreso Group's story

This communal bank is called "Yo Progreso" (I Progress), and is made up of 17 entrepreneurs who are engaged in various businesses, among which are: crafts, selling undergarments, selling new and used clothing, trading, confectioner, greengrocer, street vendors, selling cookware, selling salads. They are all from the city of Angol.

Carmen is a member of the group seen in the photo (second from the left in the first row), dressed in a dark colored shirt with white letters and a black hoodie with a red stripe with dark brown hair and seen here accompanied by her young son. She has worked in computer repairs for the last 8 years. She works with her husband; they do work in people's homes and sometimes work from home. They specialize in fixing keyboards, mouses, screens, hard drive information, adding programs and computer cleaning. They buy the goods and supplies they need from local shops and computer distributors at a low cost, which is economically advantageous.

With the loan she will buy a hard drive, get internet service (to download programs), and advertise the business. One of Carmen's goals is to have her own shop where she can attend to her clients more calmly, and this way opt for a better quality of life and be able to give her children economic stability.

Carmen lives with her husband (with whom she works) and their two children, ages 8 and 4. Her dreams are to pursue a course of study and that her husband improve in the computer field. She is very happy and grateful for the opportunity she has been awarded by Fondo Esperanza, as it will let her invest in her business. She says that the training has been critical for her business as well as for her personal development, as she has learned to organize and distribute her supplies and investments in a better way. With regard to the communal bank of which she is a member, she says that they have very good communication.

Angol is located 128 km. northwest of Temuco (capital of the ninth region) and 608 km. south of Santiago (capital of Chile). Its name means in Mapudungun (Mapuche language) "crawling upwards." The people work hard in agriculture and agricultural goods, areas that have now become important, particularly those related to fruit and vegetable production.

In this group: Carmen, Sussi, Nury, Maria Magdalena, Berlinda, Jacqueline, Amparo, Gladys, Erwin, Jose, Jose, Miriam, Juana, Daniela, Amalia, Johana, Dina

Translated from Spanish by Kiva volunteer LeeJay Victor



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