A loan of $4,600 helped a member purchase merchandise for a bookstore & parcel shipping business.

Querer Es Poder Group's story

The Communal Bank “Querer de Poder” is comprised of 17 members from the city of Rancagua.

Palmenia is the group president. In the photograph, she is seated on the third row to the left wearing a white jacket with red and black bands. She operates a parcel shipping center and bookstore out of her home. In addition, she sells fast food next to her house which she is renting. Her 15 year old son and her husband, when he comes home from work, help manage her businesses. Palmenia has three more children, 9 year old twins and a 4 year old daughter. She and her husband began these businesses two years ago when her husband began losing vision in one eye, which is essential for his job as a systems analyst. He then quit his job and both of them decided to start these business with financial assistance from her father-in-law. Fortunately, her husband later returned to his job but she continued to manage both businesses. With this loan, Palmenia will by merchandise for her businesses.

Her dream is to buy the house that she is renting and expand it so that she can develop her businesses. She is very happy with the support she has received from Fondo Esperanza and her Communal Bank. Palmenia has learned from the experiences of her fellow group members.

Rancagua is part of the Libertador Bernardo O’Higgins region. This modern city is one of the main producers and exporters of fruits and wine in Chile. It is also a mining city because it is the home of “El Teniente”, one of the largest underground mines in the world with 4500km of tunnels.

In this group: Pamenia , Carol, Cecilia, Mary, Carmen, Marina, Elena, María , Francisca , Teresa, María Isabel , Rosa, Juana, Carla , Constanza, Carmen , Gladys

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Translated from Spanish by Kiva volunteer Ronan Reodica

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