A loan of $4,650 helped a member to buy meat, onions, cooking oil, and some Christmas decorations, toys, and underwear.

Cascada De Esperanza Group's story

This communal bank is called ‘Cascada de Esperanza’ [Waterfall of Hope]. It is comprised of 18 entrepreneurs who are in different lines of work. Among those you will find selling perfume, selling clothes, selling wallets, selling fast food, organizing events, selling bread, selling home accessories, and services, among others. All of them are from the city of Valparaíso.

Maria is a member of the communal bank. In the photo she is seated in the first row, and she is the first person on the right. She is wearing pants and a brown jacket, and her black purse is on her lap. Her hair is light brown, and she wears it short.

She has been selling food for three years. She says that she works at her house, and she sells all types of food. In addition to making empanadas, she works Mondays through Mondays. Her schedule is made according to her availability. She also sells perfume and general merchandise in her business, which is set up in part of her house.

She buys the merchandise and supplies that she needs for her food sales at various places like supermarkets, butcher’s shops, mills (flour at a very good price), and grocery stores. She buys the clothes, perfume, and accessories for a low cost in the city of Santiago, which is financially desirable.

She will use the loan to buy meat, onions, cooking oil, and some Christmas decorations, toys, and underwear. One of Maria’s goals is to continue with the business and to grow even more. This way she can opt for a better quality of life.

Maria lives with her husband. Her dream on a personal and familial level is to have a beautiful and large vacation with her husband in order to relax and enjoy new scenery.

She is very happy and grateful for the opportunity given to her by Fondo Esperanza because it will allow her to invest in her business. Regarding the communal bank she belongs to, she says that there is very good communication. The trainings have taught her new strategies for selling and book-keeping.

Valparaiso is located 120 kilometers Northeast of Santiago. It is the regional capital and also host of the country's legislature. It is the nation's first port and offers a variety of landmarks both beautiful and picturesque. For example, the house of Pablo Neruda, winner of the Nobel Prize, is located here.

In this group: Maria, Paula, Marcela, Alejandra, Orietta, David, Monica, Gladys, Mariela, Ximena, Juan, Oscar, Katherine, Luis, Nicole, Giovanna, Julio, Maria

Translated from Spanish by Kiva volunteer Ginny Kalish

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