A loan of $2,375 helped a member purchase Used Clothing to Sell.

La Union Group's story

“La Union” is a group of ten entrepreneurs seeking their third loan from Esperanza International. The group’s past loans have been successfully repaid, and the group hopes to use the additional loan funds for further business expansion. Sara is the president of this group in the city of Santiago.

Sara, mother of a two year old daughter, has used her past two Esperanza loans to fund her “colmado”, or small grocery store. With her first loan, Sara ran her own small colmado until a member of her microfinance bank became ill and could no longer run her colmado. Sara merged the two colmados and with her second loan was able to fund the joint effort. The previously ill member of the bank is now healthy and will be taking over the joint colmado and Sara will use her third loan to start a new business selling used clothing. Sara is able to buy used clothing in bulk packages and sell to her neighbors and neighboring communities. When asked about the dreams for her business and life, Sara declares that she intends to help those who are ill as she has in the past and to continue to provide a good life for her child.

Other members of Sara’s microfinance bank run similar entrepreneurial activities including a beauty salon, cake sales, and a small restaurant.

On behalf of Esperanza and this group of business entrepreneurs, we would like to thank you for your support!

In this group: Sara, Olga, Perfecta, Marina, Ana, Sara, Chanel, Crescenica, Ysabel, Josefina

Loan details

Lenders and lending teams

Loan details