A loan of $3,225 helped a member to purchase an electric oven, a blender and food to make meals.

Santa Rosa De Pelequén Group's story

This community bank is called “Santa Rosa de Pelequén” and is made up of 17 members from the city of San Fernando. They all work in different fields, selling underwear, groceries and jewellery and making brushes and bread.

Balbina, who is pictured in the centre of the photo at the back, makes and sells fast food, including set lunches, soups and chips. She makes her food in a deep fryer which she sells in a kiosk that she has set up in front of her house. Balbina works all day, every day, seven days a week. In summer and on weekends there is a higher demand for her meals as her customers come more often. Balbina buys her groceries in her preferred big supermarket chains, although she also shops at the supermarkets she usually goes to as the prices are comparable.

Balbina has worked in this business for the last three years. She began by selling tortillas and salads from a cart, but one year ago she decided to set up a more stable kiosk. With this loan she will buy an electric oven, a blender and products to make meals. Her goals are to expand her kiosk and fit it out so that her customers can eat their meals there in greater comfort. She would also like to stock up her kiosk with a great variety of meals.

Balbina lives with her husband and her three children who are 15, 11 and 6 years of age. Her dream is to offer her children a quality education so they can become professionals. Balbina would also like to study at university.

Balbina is very grateful to Fondo Esperanza and she really likes to take part in their meetings, since all the entrepreneurs get along well together. The loan that Fondo Esperanza has given her has contributed a lot to her business.

San Fernando is a city located in the region of Libertador General Bernardo O´Higgins in the central area of Chile. The city's economy is based in agriculture (vineyards, beetroot, fruit trees, tobacco, wheat and crops), agribusiness (exports of fruits, jams and dairy products) and trade.

In this group: Balbina, María, Sara, Juana, Rosa, Luis, Rosa, Eliana, Ana, Juan, Julia, Cinthia, Ana, Isabel, Natalia, María, Claudia

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Translated from Spanish by Kiva volunteer Suzanne Grasso

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