A loan of $3,400 helped a member to purchase an electric fryer, flour, eggs, oil, lard and seafood.


Volver A Nacer Group's story

This community bank is named “Volver a Nacer” and is made up of 21 members from the city of Talcahuano. All of them are involved in different businesses such as a stationary shop, tailoring and making clothing, beekeeping and selling groceries.
Leonor is the president of the bank and can be found in the photograph in the front row, she is in the middle wearing a blue sweater. Leonor has been making and selling empanadas and pastries for 12 years. Her shop is located in the commercial center of Dichato. However, due to the aftershocks of the tsunami in Japan, high waves devastated the coast of Dichato again, which has lowered the number of visitors and restaurant customers which sought her products wholesale. Despite this situation the weekends attract a lot people.
Leonor lives with her ​​4 children, 18, 16, 12 and 8 years of age, who help her in her business either at the cash register or in the kitchen to cook certain products. She also employs four people to serve the customers as waiters and the two remaining people are chefs.
Her dreams are that Dichato will be rebuilt and to obtain her own home because she was left with nothing after the tsunami that struck the area on February 27, 2010 and had to rebuild her life and her business. Currently, she is living with her children in a shack the city of Dichato provided for her. Regarding her business, Leonor intends to have her business independently, to obtain higher profits and build a microenterprise with her children. Her motivations are to provide her children with a better life and to fund their studies.
With this loan she intends to buy an electric fryer and supplies to make empanadas such as flour, eggs, oil, lard and seafood.
Leonor is very grateful for the loan granted by field partner Fondo Esperanza because of the ease in making payments. She is very happy with the community bank because their is a lot of support and solidarity among its members. The trainings have been very useful for her business. She has internalized the lessons in income distribution in her business.
Talcahuano is a municipality and port city in the Bíobío region in southern Chile. It is known as one of the main ports in the country. Its name in Mapudungun (the Mapuche language) means "thundering sky. " It has a very attractive natural landscape due to the combination of rivers, sea, fertile plains and mountain meadows with a beautiful vegetation. Its economy revolves around its port, naval base and an important industrial district with steel companies, oil refining, petrochemical, cement, gas, etc.

In this group: Leonor, Rosa, Nelly, Yesenia, Rosa, María, Zulema, Sandra, Karen, María , Ingrid, Rosa, Laura, Carolina , Sandra, Eva, Soledad, Juvenal , Lucrecia, Margarita, Susana

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Translated from Spanish by Kiva volunteer Cindy Manzo



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