A loan of $3,675 helped a member to buy socks.

Violeta Parra Group's story

The Communal Bank named “Violeta Parra” consists of 17 entrepreneurs who engage in various trades. The types of businesses represented include selling fast food, managing a vending stall, traveling sales, selling household goods, selling plastic goods, service trades, and other activities. All of the members live in the community of Lo Espejo, which is located in the city of Santiago.

Carla is the Communal Bank secretary. In the photo, she is one of the people standing and is the person who is second from the right wearing a pink striped sweater. She has dark brown hair and has it pulled back.

Carla has managed a vending stall for the past two years. She says that she works at the open market where her mother has a vending stall. Carla sells socks of all sizes and colors for various ages. Her work schedule is based on when she is available. Whenever she needs merchandise, she buys from distributors and shops that have a wide variety of socks. With this loan, she will buy socks for all ages. One of Carla’s goals is to develop and grow her business so that she can generate more revenue. This will enable her to have a better quality of life.

Carla lives with her husband and their one-year-old son. Her personal dreams and those for her family include having a house of her own. With regard to her work, she hopes to do a good job of supporting her son and providing stability for her family. Carla is very pleased and appreciative of the opportunity that Fondo Esperanza has given her to invest in her business. In addition, she feels very comfortable being around other entrepreneurs in her Communal Bank who are committed and responsible. She has learned how to manage her business better as a result of the training classes conducted during the meetings.

Lo Espejo is a community that is located in the southwestern section of the Metropolitana region (where the Chilean capital of Santiago is located). It should be noted that Lo Espejo is one of the most densely populated communities in Chile. The growth of its population started in the 1960s and 1970s with the arrival of immigrants from other parts of the country who were in search of better opportunities. This rise led to the establishment of important towns that exist today such as José María Caro, Santa Adriana, and Lo Valledor.

In this group: Carla, Ursula, Rosario, Angelica, Maria Bernarda, Viviana, Tatiana, Geraldine, Lorena, Adriana, Ana Maria, Elena, Erica, Maria Modesta, Jacqueline, Margarita, Soledad

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Translated from Spanish by Kiva volunteer Ronan Reodica

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