A loan of $3,625 helped a member to purchase articles to sell such as earrings, rings, headbands, and clothing such as hosiery and underwear.


Union Y Esperanza Group's story

The Unión y Esperanza community bank is made up of 17 entrepreneurs who work in different areas including: street vendor, sales at a market stall, sales at a bazaar, department store, vegetable sales, bread sales, household goods sales, services, and others. They all live in the city of Talca.

Marjorie is a member of the group. In the photo, she is standing in the back row in the first spot from right to left. Her dark brown hair is worn down. She has worked as a street vendor for ten years. She works from Monday to Saturday and sometimes works during festivals and other times at high schools and gardens offering her merchandise to adults and children. She purchases her merchandise in the city of Santiago where there she can purchase items at wholesale and find a large variety of products at low cost, which is convenient economically. She will use the loan to purchase bazaar items such as earrings, rings, headbands, and clothing such as hosiery and underwear. One of Marjorie's goals is to have a bazaar in her home so that she can attend to her customers more calmly and show all of her merchandise and generate more income so that she can have a better quality of life.

Marjorie lives with her husband and their four children who are 3, 5, 10, and 12 years old. Her dream for her business is to have her bazaar, and her dreams for her family are that her children do well and have a good future so that they can get a good job after their studies. She is very happy and thankful for the opportunity that Fondo Esperanza has provided since it has allowed her to invest in her business. She feels very comfortable with the company of the other entrepreneurs in her community bank since they share different activities and interests which have served as a moment of distraction. She has learned how to administer her business better in the trainings provided at meetings.

Talca is part of the Maule region, which is located in the central part of the country. It is the administrative, economic, and culture center of the region and the most important city in the Chilean Central Valley. In Chile there is a curious reference to Talca in the phrase "Talca, Paris, and London". Some say this is a derivation of the original phrase spoken by an Englishman, "Talca seems like London" because of the abundant fog that frequently covers the city in the winter, similar to the capital of the United Kingdom.

In this group: Marjorie, Cesar, Doralisa, Delta, Marlene, Ivonne, Ana, Angelina, Lorena, Jenifer, Alejandra, Jeannette, Margarita, Maria, Carmela, Rosa, Karen

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Translated from Spanish by Kiva volunteer Eileen Lloyd



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