A loan of $1,700 helped to buy flour, sugar, tea, rice, beverages, and dairy products.

Maria Angelica's story

María Angélica is part of Pequeño Emprendedor Communal Bank in the town of Puente Alto, located in the city of Santiago. She has made a living for three years with a general store. She says she works at home, where she fixed up a space to serve her customers. She works Tuesday through Sunday and arranges her schedule according to her availability. She buys her merchandise from distribution companies that specialize in selling food at low cost, so it's financially advantageous.

With the loan she's going to buy merchandise such as flour, sugar, tea, rice, beverages, and dairy products.

One of María Angélica's goals is to grow with her store and to have a convenience store to earn more income and to have a better quality of life.

María Angélica lives with her daughter and her grandson, age 8. Her dream for her family is to have her own house so she and her daughter and grandson can have a good quality of life.

She's very grateful for and happy about this opportunity from Fondo Esperanza because it has allowed her to invest in her business. In addition, she's comfortable with the other entrepreneurs in her communal bank group because they communicate well and share various activities and interests, which also has served as a distraction. With regard to the training that's given in the meetings, she has learned to better manage her business.

The Puente Alto community is located to the north of Santiago, the capital of Chile. It was founded at the end of the nineteenth century as a small rural community, but given its demographic growth, currently it's one of the biggest municipalities in Chile, with a population of more than 600,000. It's the gateway to one of the foothill areas of the metropolitan region known as Cajón del Maipó, an area with space for walking, horseback riding, rafting, and other activities and lodging and dining services.

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Translated from Spanish by Kiva volunteer Catharine Wall

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