A loan helped a member buy a professional hair dryer, plus cosmetology products for the hair for her beauty salon.

Ebenezer Group's story

This communal bank is called “Ebenezeer” and is composed of 18 entrepreneurs who are dedicated to different businesses, among these selling clothing, or jewelry, or a hair salon services, a bakery, selling cosmetics by catalog, or a cake shop, or selling clothing for the home. All the members live in the community of Independencia, in the city of Santiago.

Lorena, a member of the communal bank, is in the photo on the right edge with blond hair, wearing a gold jacket. She has been a beautician for 19 years. For 10 years, she worked as an employee but with the birth of her daughters, she began to work independently from home. Lorena's work schedule is Monday through Saturday, and she sometimes works on Sundays, when her customers request her hair services. Her salon is located in a room in the interior of her house, where Lorena only attends to known customers. Here she has all the equipment for her shop. She buys her merchandise from a distributor who sells specific cosmetology and hair products.

With this loan, Lorena will buy a professional hair dryer plus professional cosmetology products.

Her goals are to install her beauty salon in an established and more ample space so that she can attend to a larger number of customers. Also Lorena would like to supply her salon with more innovative products for this area. Lorena lives with her husband and 2 children aged 12 and 9, plus her mother. One of her dreams has been to obtain her own house and, fortunately, during the month of December she obtained her own home.

Lorena is very content and grateful for the services offered by Fondo Eslperanza. She comments that in addition to enjoying the meetings very much, she has learned a great deal, and has gotten to know the other members, plus enjoyed having a place to relax.

Independencia is one of the 34 neighborhoods that make up the city of Santiago (Chile's capital). It is located in the city's center-north and grew at the beginning of the 19th century as a traditional sector of the city. Its principal street is Avenida Independencia, which follows the old Inca highway, the northern entry to the city of Santiago. Given its ample indigenous population, the Centro Cultural Indigena D. Chile (Chilean Indigenous Cultural Center) is located here. It also has important historical monuments, among them 6 of Chile's historical monuments.

In this group: Lorena, Veronica, Lidia, Jeannette, Elba, Maria Luisa, Johanna, Patricia, Veronica, Nancy, Shirley, Myriam, Viviana, Pabla, María Isabel, Patricia, Isabel, Claudia

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Translated from Spanish by Kiva volunteer Harold Dana Sims, PhD.

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