A loan of $3,625 helped a member to buy a gas regulator, a gallon of gas, cheese, flour, olives, dough, oil, pizza boxes, and wool of different colors.

Nuevos Frutos Group's story

This communal bank is called "Nuevos Frutos" (New Fruits). It is composed of 17 entrepreneurs who work in different areas, among which are weaving, pedicures, greenhouse, mechanic, clothing sales, bazaar, internet , selling coveralls, and services, among others. All of them are from the city of Talca.

Ana, a member of this communal bank group, is standing in the first row of the photo, in the third place going from left to right. She is wearing a black jacket and a light-colored scarf. Her hair is brown, short, and loose. She has been working in handicrafts and has been crocheting (this is the art of creating through repeated interlacing of one or various fibers, using a needle with the form of a hook) for 10 years. She comments that in addition to doing crocheting, she also sells pizzas. She works from Thursday through Sunday selling pizza, and the rest of the week she works at her crocheting. She does all her work at home, and she distributes her work schedule according to her availability.

Sometimes she buys the merchandise and supplies that she needs in the city of Santiago and in places where they sell wool, and for preparing her pizzas, she buys in low-cost supermarkets, which are therefore economically convenient. With the loan she will buy a gas regulator, a gallon of gas, cheese, flour, olives, dough, oil, pizza boxes, and wool of different colors.

One of Ana's goals is to have a place to set up a pizzeria in parallel with her crocheting and to join up with her sister and her niece, to thus generate greater income and opt for a better quality of life.

Ana lives with her husband, her mother, and her three children, ages 8 and 7 (twins). Her dreams at a personal and family level are to have her own house and give a good standard of living to her children, and at a business level, to grow as a microentrepreneur.

She is very happy and thankful for the opportunity that Fondo Esperanza has offered her, since it has allowed her to invest in her business. In addition, she feels very comfortable in the company of the other entrepreneurs in her communal bank group, since they share various activities and interests. From the training offered at the meetings, she has learned to manage her business better.

Talca belongs to the Maule region, located in the central part of the country. It is an administrative, economic, and cultural center of the region, being the most important city of the Chilean Central Valley. With regard to Talca, there is a curious reference in Chile, the phrase "Talca, Paris, and London." Among the myths regarding the phrase, some say that it is derived from the original saying by an Englishman, "Talca parece Londres" (Talca resembles London), because of the abundant clouds that frequently cover the city in the winter season, similar to the capital of the United Kingdom.

In this group: Ana Luisa, Luis, Margarita, Erika, Marta, Vilma, Teresa, Vviviana, Silvana, Maria, Nataly, Ingrid, Francoise, Joselyn, Romina, Maria, Evita

Translated from Spanish by Kiva volunteer Pam McMurry

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