A loan of $4,825 helped a member to buy bundles of clothing for the spring season.

La Esperanza Ii Group's story

This communal bank is called “La Esperanza II” [Hope II] and is made up of 18 entrepreneurs who work in different businesses, including selling used and new clothing, selling plastic items, curtain-making, handicrafts, selling groceries and other services. They all live in the city of Talca.

Katherine is a member of the group, and she is standing in the first row of the photo, the fourth person from right to left, dressed in blue jeans, a black-and-white checked polo, a dark turquoise vest, with dark, chestnut-colored hair worn loose, large flower earrings and sunglasses on top of her head.

Katherine has been working for five years selling used clothing. She says that she works three days per week at open-air markets, selling women’s and children’s clothing in all sizes and different styles.

She buys her merchandise in the city of Santiago from clothing distributors that specialize in selling by the bundle and at low cost, which economically suits her business.

With this loan she will buy bundles of clothing for the spring season. One of Katherine’s dreams is to renovate a space in her house to install a store and therefore wait on her customers more comfortably. She says this would generate more income with which she could improve her quality of life.

Katherine lives with her husband and two children, ages 20 and 2. Her dreams for her business are for it to grow day by day in order to provide for her children. For her family, she dreams of one day being able to travel together.

She is very happy and grateful to Fondo Esperanza, since they have given her the opportunity to invest in and grow her business. Katherine gets along very well with the members of the group because they communicate very well with each other. As for the classes that are given, she has been able to incorporate all of the teachings relating to sales into her business.

Talca is in the Maule Region, located in the central area of the country. It is the administrative, economic and cultural center of the region and is the most important city of the Chilean Central Valley. There is a curious reference to Talca in the Chilean phrase “Talca, Paris and London”. Among the many legends relating to this phrase, some say it derives from words originally spoken by a person from England, which are “Talca parece Londres” [Talca looks like London], because of the abundant mist that frequently covers the city during the winter season, similar to the capital of the United Kingdom.

In this group: Katherine, Laura, Irma, Leonides, Denise, Ingrid, Carla, Susana, Hilda, German, Nicol, Miguel, Carolina, Joel, Victor, Fernanda, Luz, Cecilia

Translated from Spanish by Kiva volunteer Graham Robinson

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