A loan of $2,650 helped a member to buy building materials and supplies.

Emprendedores Group's story

This communal bank is called “Emprendedores” (Entrepreneurs) and is composed of 15 entrepreneurs belonging to the Colina Commune located in the city of Santiago. Each is in a different line of work, specifically clothes sales, food sales, cleaning supplies sales and businesses in farmer’s markets.

Ana, who appears in the photo seated in the front row, second from the right, sells fast food, specifically “compuestos” (Chilean hot dogs), turnovers, sopaipillas (fried flat dough) and pizzas. She prepares and sells the food from home. She’s been in business for four years and has done very well in her business. Her work schedule is Tuesday through Saturday from 6pm until midnight and on weekends this schedule can lengthen.

She will use the loan to buy building materials and supplies to furbish her locale in her yard so that she can get the corresponding health permit.
Her goals are to put her business in optimal conditions so that she can be open all day since she’s only able to operate at night now because she lacks the permit. Besides, she hopes to remodel the locale so that customers can consume their food there.

Ana lives with her husband and 3-year-old son. Her dreams are to make her business more lucrative so that she can also hire personnel and become economically independent.

She is very grateful to Fondo Esperanza. She enjoys participating in the meetings very much because of the good relationship she has with the other communal bank members.

Colina is a commune in the north part of the metropolitan region (where Santiago, capital of Chile is located.) It is currently the focus of important investments especially in agro business due to the arrival of large and important firms which, by the way, generate a large number of jobs in the community. It is also an area of “parcelaciones de agrado” (farmland turned into residential use) that has contributed significantly to the population increase. In addition, it has places that are ideal for tourism, like hot springs, sports at Piedra Roja Lagoon and mountaineering.

In this group: Ana, Teresa, María, Walter, Eliana, Dominga, Carlos, Luis, Debora, Marcela, Victor, Ruth, Angela, Carola, Mario

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Translated from Spanish by Kiva volunteer Polliz

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