A loan of $3,775 helped a member to purchase a large vending cart.

Creando Futuro Group's story

This Communal Bank is called “Creando Futuro” (Creating the Future) and consists of 18 entrepreneurs. They are from the community of Independencia in the city of Santiago. All of them engage in businesses such as trade, selling fast food, selling used clothing, selling wool, selling baby clothes, selling school supplies, selling fruit, and offering sewing services.

In the photograph, Ximena is one of the women standing on the right side. She has short brown hair, but only her face is visible in the photo. Ximena prepares and sells sopapillas, empanadas, rolls, tea, and coffee. She has been in this business for two years. Ximena sells at an open market on Tuesdays and Thursdays. On the weekends, she has a business set up at a “persa” (a large fair).

During the spring and summer seasons, Ximena makes and sells tropical juices. To do this, she buys fruit twice a week so that she can stock her inventory. In the winter, Ximena buys her merchandise at stores because the cost of supplies is more affordable. With this loan, she will buy a larger cart. She needs to renovate the infrastructure of her business, and this cart will give her more space. Ximena is making this investment with her husband because he plans to use it to move his merchandise. He works at the open market selling other types of products. This new cart will allow her to obtain a permit so that she can sell her products without difficulty.

Ximena lives with her husband and two daughters. One of her daughters helps her on the weekends with generating sales for her business. She dreams of improving her family’s socioeconomic status and providing her daughters with an education.

Ximena has a perfect attendance record at the training seminars. The last course she took was in hairstyling and now she is enrolled in a computer course. Her motivation to learn and expand her knowledge will help her have a more stable business in the future. She is very pleased and grateful for the support that Fondo Esperanza has provided through the training classes and the loans.

Independencia is one of 34 communities that make up the city of Santiago, the Chilean capital. It is located in the north-central section. Independencia emerged in the late nineteenth century as a traditional section of the city. The main thoroughfare is Independencia Avenue, which intersects with the old Inca Trail, the gateway to the north and to the city of Santiago. Given the growing indigenous population, Independencia became the Indigenous Cultural Center of Chile. It also has major historical buildings, including six Chilean historical monuments.

In this group: Ximena, Evelyn, Pablo , Eliana, Nicole, Meliza, Edith, Ingrid, Paula, Vivian, Sergio, Angela, Luis, Maritza, Soledad, José, Jovel , María

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Translated from Spanish by Kiva volunteer Ronan Reodica

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