A loan of $4,825 helped a member to purchase wood and white melanin to make kitchen furniture.


Futuro Group's story

This communal bank is called "Futuro” (Future). It is made up of eighteen entrepreneurs who make their livings in different areas, including "colectivo" service (a transportation service), small groceries, bakeries, hotdog sales, clothing sales, handicrafts, confectionery and other services. All of them live in the city of Valparaíso.
Mauricio, a member of the communal bank, is seated in the first row in the above picture. He is second from the right and wearing jeans, a white shirt and a black jacket. He has a wool hat on his head.
Mauricio makes his living in furniture making. He has been making various types of household furniture for the last five years. He works form Monday to Friday in a workshop that he adapted for furniture making. In addition, he advertises his services on the Internet.
He buys his merchandise and materials from a large distribution center that specializes in selling all kinds of wood at low cost, which is financially advisable.
With the loan, Mauricio will purchase wood and white melanin to make kitchen furniture.
One of Mauricio's goals is to grow his business and keep up with the sales and meeting his customers' needs. Sometimes he works with special orders, which gives him better earnings and allows him a better quality of life.
Mauricio lives alone. His professional dreams are to become independent and to keep making household furniture.
He feels very happy about and thankful for the opportunity offered by Fondo Esperanza, as it opened a door for him that allowed him to invest in his business and also his personal development. He has learned a better way of organizing and distributing his income and investments.
Valparaíso is situated 120 km. to the northeast of Santiago. It is the regional capital and also the legislative seat of the country. Valparaíso was the country's first port and offers a great variety of beautiful and picturesque areas, for example, Nobel Prize winning Pablo Neruda's home.

In this group: Mauricio, Maria, Maria, Maria, Alejandra, Daniel, Andrea, Claudia, Luciano, Margarita, Macarena, Hernaldo, Eduardo, Luisa, Juan, Pierina, Patricio, Mario

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Translated from Spanish by Kiva volunteer Marni Siegal



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