A loan of $3,275 helped a member to buy hatpins, underwear, toys and perfume.

Esperanza Group's story

This communal bank is called “Esperanza” (Hope) and it has 16 entrepreneurs all with different lines of work among which are: tea sales, ring sales, street merchants and services, among others. All are from the Renca commune located in the city of Santiago.

Katherine is a member of this communal bank and in the photo she appears in the first row, third from right to left, wearing a black shirt. Her hair is dark brown and she wears it gathered up.

She has been selling varied merchandise for two months. She comments that she works in the free street markets some days a week according to her availability; she sells items according to the season and for the moment is selling Christmas merchandise.

The merchandise she needs she buys from various stores and suppliers where she finds variety and novelty at low cost which is advantageous economically. She will use the loan to buy pins, underwear, toys and perfume.

One of Katherine’s goals is to have a larger business set up so she can have everything for her customers.

Katherine lives with her mother-in-law and her husband and the future child she’s expecting. Her dream at the business level is to have a nice, spacious shop and on the family level is to earn good income to provide well for her future child.

She is very happy and grateful for the support provided by Fondo Esperanza to invest in her business and she also feels very comfortable in her group because they communicate well.

Renca is a commune located in the northwest part of Santiago (capital of Chile) metropolitan region. It’s a commune with strong community action among which stands out the “Renca TV” community television station that was created to promote the commune’s cultural and artistic activities.

In this group: Katherine, Luzmira, Rosa, Mitha, Rita, Alejandra, Mariana, Blanca, Monica, Noelia, Jocelyn, Eva, Carolina, Elcira, Maria, Fabian

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Translated from Spanish by Kiva volunteer Polliz

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