A loan of $4,325 helped a member to buy butter, flour, eggs, and oil as well as clothing to sell.


Nueva Oportunidad Group's story

This Communal Bank is named “Nueva Oportunidad” (New Opportunity) and consists of 15 entrepreneurs who engage in various trades such as selling clothing, managing a vending stall, selling tools, operating a bakery, weaving, providing services, and other activities. All of the members are from the city of Talca.


Elsa is a member of this Communal Bank group. In the photo, she is standing in the back row in the third position from right to left. She is wearing a coffee-colored blouse and has dark brown hair that is pulled back. Elsa has been selling clothes and managing a bakery for five years. She says that she works Monday through Saturday and her distribution schedule is determined by what she has available. Elsa offers her products from her house and she has many customers. The merchandise and supplies that she needs are purchased from supermarkets and shops that sell at low cost, which is financially convenient for her. She will use her loan to buy butter, flour, eggs, oil, and clothing.


One of Elsa’s goals is to continue her businesses and buy an industrial electric oven so that she can generate more income. This will help her achieve a better quality of life. Elsa lives with her two children, a 14-year-old and a 10-month-old. Her dreams for her family and for herself include owning a house so that she can provide for children’s welfare.


Elsa is very pleased and appreciative of the opportunity that Fondo Esperanza has given her. She says that there is good communication within the organization. With regard to the training, Elsa has learned new sales strategies and accounting techniques.


Talca is in the region of Maule and is located in the central part of the country. It is the administrative, economic, and cultural center of the region and is one of the most important cities in the Chilean Central Valley. One curious reference to Talca that is used in Chile is the phrase, “Talca, Paris, and London”. Some say that the phrase was originally attributed to an Englishman who said, “Talca feels like London” because of the abundant fog that frequently covers the city during winter, just like in the United Kingdom.

In this group: Elsa, Lorena, Maria, Ximena, Maria Del Carmen, Alamias, Jacqueline, Cecilia, Maria, Victoria, Maria, Paola, Jorge, Jeannette, Claudia

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Translated from Spanish by Kiva volunteer Ronan Reodica



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