A loan of $3,375 helped a member to buy stock merchandise for her store.

Sol De Cayumanqui Group's story

This communal bank is called “Sol de Cayumanqui” and is composed of 17 entrepreneurs who are in a variety of occupations. Among them are: children’s clothing sales, grocery sales, running a kiosk, pastry making and services. All of them are from the city of Chillán.

Sandra, who in the photo is in the middle wearing a gray jacket, black pants and purse and has her hair gathered up, runs a kiosk in her front yard where she sells groceries and snacks. She’s been in this line of work for two years. She buys her merchandise from suppliers and wholesale supermarkets. She comments that she sells lots of snacks and that’s kept her business well. However, selling groceries has been somewhat difficult because of competition. Her work schedule is all day, every day of the week. This way she does not lose any customers or any sales. She will use the loan to buy candy, cookies, flavorings for milk, peaches and canned fish. Her business goals are to prosper and to generate higher income to provide for her home economically and attain a better quality of life.

Sandra lives with her husband and two children who are 19 and 9 years of age. Her oldest daughter is taking classes at a university prep school to get ready to take her university admission test. Her dream is that she’ll be able to study a university career and attain a professional degree. Another of her dreams is to go on vacation with the entire family to various places in the country.

Sandra is very happy with and grateful for the services obtained from Fondo Esperanza and stresses proudly the values that are instilled in the institution, like honesty and solidarity, to incorporate into the communal bank group. She comments that she’s learned from the training sessions and is now generating strategies to innovate her business to acquire a larger number of customers. In this way she plans to incorporate home-made jams and pastry items that she herself makes.

Chillán is a commune in south-central Chile. Its name means “chair of the sun” in Mapudungun, the indigenous Mapuche language. Chillán is known as the “Nation’s Cradle” or “Land of Artists” because many outstanding figures in Chile’s history were born here, like the well-known pianist, Claudio Arrau.

In this group: Sandra, Edith, Yenny, Gladys, Priscila, Paulina, Ximena, Ramón, Priscila, Orlando, Richard, Héctor, María, Blanca, Nieves, Marcelo, Bárbara

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Translated from Spanish by Kiva volunteer Polliz

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