A loan of $3,500 helped a member to buy sheets, tablecloths and towels.

La Ilusion De Cholchol Group's story

This communal bank is called “Las Ilusiones de Chol Chol”. It is made up of 20 entrepreneurs who work in different areas. Among them are: selling clothes, selling shoes, pastries, selling merken peppers (a food condiment), selling metallic structures, services and more. All of them live in the city of Temuco.

Nancy is a member of the communal bank. In the photo she is standing in the first row, second from the right. She is wearing a black shirt with flowers. Her hair is dark brown and it is loose. She has sold linens for 3 years. She says that she sells sheets, bedspreads, comforters, towels, and tablecloths at her customers' homes. Her schedule is according to her availability.

She buys the merchandise and materials that she needs in the city of Santiago, because there is a lot of variety and quality of home products at a low price, so it works out financially. With the loan, she will buy sheets, tablecloths, and towels. One of Nancy's goals is to continue working in this areas and be able to have a locale where she can offer her merchandise to her customers. This way, she will generate more income and contribute for the family expenses and give her daughter the best.

Nancy lives with her 19 year old daughter. Her work dreams are to have a bigger locale where she can keep offering linens and other articles for the home. She is very happy for the opportunity offered by Fondo Esperanza to invest in her business. In addition, she feels very comfortable with the group she participates in, since they are close and there is good communication.

Temuco is the capital of the Araucanía region. The city is located 670 kilometers south of Santiago (the capital of Chile). Nearby are a series of lake beaches (Pucón, Villarrica) and very striking native flora and fauna concentrated in the nearby natural parks. It is worth noting that in this region lives 50% of the Mapuches, an indigenous people from our country.

In this group: Nancy, Maria Isabel, Yasna, Johanna, Claudia, Sylvia, Bernardita, Helia, Juan, Pedro, Ana Maria, Mirta, Girbet, Ines, Andris, Romina, Elisa, Cecilia, Yeny, Maria

Translator profile picture

Translated from Spanish by Kiva volunteer Ellen Donohue

Loan details

Lenders and lending teams

Loan details