Total loan: $3,375

El Amanecer Group

Flag of Chile
La Pintana, Santiago Metropolitan Region, Chile / Retail

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A loan helped to buy supplies such as soft drinks and new clothing to stock her business.

El Amanecer Group's story

The name of this communal bank is “El Amanecer” and it is made up of 18 entrepreneurs who make a living in different fields of work such as: selling fast food, selling in street markets, selling new clothing, selling plastic items, selling fried pastries, selling groceries, and other types of services. They all are from the town of La Pintana which is located in the city of Santiago. In the picture Lorena, the group president of the communal bank, is standing in the back row third from the left. She is wearing a black shirt with a light brown scarf around her neck. She has long, dark brown hair and is wearing it down. For the past year she has made a living selling clothing and soft drinks. She works from her home and sometimes she is the one that goes to her customers’ homes to sell her clothing and her work schedule depends on their availability. She buys her supplies from different stores and distributors at a low cost because it is much more financially prudent. With the loan she will buy supplies such as soft drinks and new clothing to stock her business. Her goals are to continue to run her business and hopefully be able to open a permanent business in her home to generate higher profits. That way she can have a better quality of life. Lorena lives with her husband and four children. Her 22-year-old daughter is currently working while the 16-,12-, and 8-year-old are in school. Her dreams are to have a good income from her business and good health so she can see her kids finish school and know that her work is done. Lorena is very happy and grateful for the loans and services she has received through Fondo Esperanza. She also feels very comfortable at the meetings for the communal bank because there is a lot of generosity and unity in the group. She has learned how to better manage her business through the trainings given in the meetings. La Pintana is a town that is located to the south of Chile’s capital, Santiago, in the metropolitan area. It is known for being a town with high levels of poverty. More than 10% of the inhabitants live in a state of poverty. For the future, the local authority (the municipality) has looked into developing various social programs focused on contributing to bettering the inhabitants’ quality of life.