A loan of $2,675 helped a member buy vegetables and bags.

La Gran Familia Group's story

This communal bank is called La Gran Familia, and it is comprised of 18 members of La Granja commune. La Granja is a commune, which is located in the area south of the great Santiago, the capital of Chile. It belongs to an urban territory with houses and important businesses having to do with wood, factories, and metals.

These members work at different independent businesses like making clothes, a bakery, a pastry shop, handicrafts, decoupage (decoration of objects like wooden boxes, bottles, and pictures), greengrocery, grocery store, hair salon, making and repairing footwear, and preparing and selling fast food.

Carolina was the member that was interviewed. She is the secretary of this group. In the photo you can find her in the last row to the right. She is wearing a short sleeve orange t-shirt. She sells vegetables and prepared salads in her house. She will use the loan to buy bags for the salads and vegetables. Also, she will save to buy a used light truck to purchase merchandise.

Her dreams are to have a kiosk, which would also serve as a convenience store within the same field (greengrocer), and to have a stall in a fair. Her great desire is to improve her quality of life, increase her earnings, and contribute to the family expenses. For example, she would like to help buy her mother’s medications. Her great motivators are her small son and a small niece that she is raising.

Carolina told us that when she first started working with Fondo Esperanza she was afraid of being a guarantor for people she did not know (the colleagues in her group because this is the Fondo Esperanza’s system). Driven by her projections and dreams, she dared to participate in these loans. The results have been very satisfactory because she has felt supported and secure. She also says that there is a great deal of solidarity among the members of the group.

In this group: Mónica, María Teresa, Angélica, Ximena, Gloria, Miguel, Carolina, Marta, María Isabel, Clara, Oscar, Mónica, Isabel, Griselda, Julia, Jacqueline, Iris, Verónica

Translated from Spanish by Kiva volunteer Ginny Kalish

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