A loan of $6,550 helped a member to buy towels, hair color, gloves, hair pins and scissors.

Estrellas Group's story

This communal bank is called “Estrellas” (Stars) and it has 20 entrepreneurs who are in a variety of lines of work among which are vest sales, sewing, pastry making, clothes sales, barber shop, marmalade sales and services, among others. All of them are from the city of Talca.

María Paz is a member of the communal bank. In the photo she’s standing in the front row, first from left to right, wearing a black shirt, brown pants, red shoes and has black purse; her hair is dark brown and it’s gathered up. She’s wearing a scarf around her neck.

She’s been working as a barber for two years. She works from place to place. She heads out to her customers’ homes to cut, style and color hair. She sets up her work schedule according to her availability since she’s also studying. The merchandise and supplies she needs she buys from suppliers and locals who specialize in selling barber products. She will use the loan to buy towels, hair color, gloves, hair pins and scissors.

One of María Paz’s goals is to have a large, stable business to be able to work in peace and meet her customers’ needs. María Paz lives with her mother and older brother. Her dream on a professional level is to finish her career and exercise her profession and at a work level she’d like to own a barber shop.

She’s very happy and grateful for the opportunity Fondo Esperanza is giving her because she’ll be able to invest in her business. She comments that the training has been fundamental for her business and also for her personal development because she’s learned how to organize and better distribute her income and investments. With respect to the communal bank group she’s part of she’s very comfortable because they are unite and respectful.

Talca belongs to the Maule Region in the center of the country. It’s the administrative, economic and cultural center of the region and the most important city in the Chilean Central Valley. There is a curious play on words in Chile about Talca: “Talca, París y Londres.” Among the myths concerning it, some say it’s derived from something originally said by an Englishman: “Talca parece Londres” because of the thick fog that frequently blankets the city in winter like in the United Kingdom ‘s capital.

In this group: Maria Paz, Jacqueline, Marcela, Rosa, Carmen, Carolina, Luisa, Cecilia, Luis, Carlos, Bernardita, Jeorgina, Luis, Hernan, Maria Eliana, Juana, Jacqueline, Teresa, Maria Clara, Maria Teresa

Translator profile picture

Translated from Spanish by Kiva volunteer Polliz

Loan details

Lenders and lending teams

Loan details