A loan of $7,300 helped a member to buy groceries, drinks, ice cream, flour, sugar, tea, and comfort.


Millaray Group's story

This communal bank, named "Millaray", is made up of 19 entrepreneurs who are dedicated to different sectors, including clothing sales, beauty product sales, bulk sales, liquor sales, sewing, a body shop, a bakery, the service industry, and more. All of its members are from the city of Chillán.

Rita is the member of this group pictured above, standing in the first row, in the first spot from the right. She has dark brown hair and is wearing pants and a black shirt, holding a black purse, which she is pictured using. Rita has worked in her own small retail shop for three years. She runs her business out of her own house and works every day of the week. With this business, she is able to arrange her work schedule according to her availability, which allows her to attend to her husband and daughters. She buys merchandise to stock her store from different supermarkets, depending on where she finds the best prices.

With this loan, Rita will buy groceries, drinks, ice cream, flour, sugar, tea, and comfort. One of Rita's goals is to expand her business and open a mini-market in order to serve more customers and generate more earnings. Then she will be able to give her family a better quality of life.

Rita lives with her husband and three daughters, ages 28, 20, and 12. She dreams of growing her business and helping her family get ahead. She hopes to educate her daughters so that they will become tomorrow's professionals.

Rita is very pleased and grateful for the opportunity offered to her by Fondo Esperanza because this loan will allow her to invest in her business. She says that the trainings Fondo Esperanza offers have been very beneficial for her business as well as her personal development since she has learned to get organized and better distribute her income and investments. Rita is also pleased with the communication she has with her communal bank group.

Chillán is a town in the south-central zone of Chile. Its name means “silla del sol” or "seat of the sun" in Mapudungun, an indigenous language of the Mapuches. Chillán is known as “Cuna de la Patria” (Cradle of the Motherland) o “Tierra de Artistas” (Land of the Artists) because in this city, many distinguished persons in Chile's history were born, for example, the pianist Claudio Arrau.

In this group: Rita, Sandra, Evangelina, Hector, Gisela, Gladys, Americo, Katherine, Marcia, Marta, Sergio, Maurren, Elizabeth, Sandra, Luz, Nicole, Maximo, Marcela, Claudia
*not pictured

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Translated from Spanish by Kiva volunteer Ellen Craven



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