A loan of $7,825 helped a member to buy fresh fruits and vegetables.

Jasmin Group's story

The communal bank "Jazmin" is comprised of eighteen entrepreneurs who are involved in a variety of business activities. These include knitting and sewing businesses, restaurants, businesses that sell jewelry, clothing and fast food, as well as other types of businesses. All of the members are from the city of Chillán.

Gloria, the president of the communal bank, is standing in the third row of the photo and is the first person on the left. She is wearing blue jeans and a black shirt with markings. Her hair is dark brown, and she has bangs. There is a pair of sunglasses on top of her head.

Gloria has been selling fruits and vegetables for two years. She reports that she works every day in the city center of Chillán in a stall where she offers good, fresh merchandise. She buys her produce and supplies from markets or distributors where she can find all the fresh fruit and other merchandise she needs to offer to her customers. With this loan she will buy fresh fruits and vegetables.

One of Gloria's goals is to establish her business in the rear of her house, where she will be able to serve her customers in a more comfortable environment. She will also be able to add other types of merchandise and thus be able to generate more income for her family.

She lives with her husband, who supports her a great deal in her business. Her dream is to have her business in her home, since she very much enjoys the work. She also hopes that her family will have good health.

She is very grateful to Fondo Esperanza since they have given her the opportunity to invest in and grow her business. She has a very good relationship with the members of her community bank. She has learned a lot from the courses offered and has been able to apply what she has learned to her business.

Chillán is a community in the southern central zone of Chile. The name means "Seat of the Sun" in Mapudungun, the language of the indigenous Mapuches. It is also known as "The Cradle of the Country" or "Land of the Artists", owing to the fact that distinguished individuals in the history of Chile have come from here, such as the well-known pianist Claudio Arrau.

In this group: Gloria, Ruth, Patricia, Erika, Juanita, Erika, Elvira, Yamaly, Ana, Monica, Carolina, Yolanda, Maria, Daniela, Pilar, Alejandro, Luis, Maria

Translator profile picture

Translated from Spanish by Kiva volunteer Kevin Bohnert

Loan details

Lenders and lending teams

Loan details