A loan of $3,475 helped a member to buy items for the Fiestas Patrias (independence day celebrations), specifically flags, kites, packaged goods, and undergarments.

Hermandad Group's story

This communal bank is called "Hermandad" and is composed of 16 entrepreneurs who have different businesses, including a new clothing store, retail sales, a hardware store, selling perfume, and selling prepared food. All the members live in the neighborhood of Independencia, in the city of Santiago.

Astrid, a member of the communal bank, who is in the photo on the very right in the second row, wearing a fuchsia scarf. She works serving customers and selling packaged goods in a shop that has been located in her home for 6 months. There she has a sign and a shop window. Her work schedule is every day, Monday through Sunday. She says that there isn't competition in the area where she lives, so her business is doing very well.

She began in the business of retail sales, selling perfume from a catalog.

She usually buys her merchandise in the Meiggs neighborhood, a popular place for selling to merchants.

With the loan, she will be items for the Fiestas Patrias (independence day celebrations), specifically flags, kites, packaged goods, and undergarments.

Her goal is to have a kiosk located outside her house, supplied with merchandise. Some weekends, she also prepares empanadas to order, so another goal would be to establish this business, which also provides income.

Astrid lives together with her husband and their four children, who are 22, 20, 14, and 7 years old, as well as two nephews. Her dream is to provide her family with a better quality of life.

She is very satisfied and thankful for the services offered by Fondo Esperanza, for the help and transparency provided by the institution.

She comments that the communal bank to which she belongs is united and caring. Regarding the trainings, they have helped her manage her business better.

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 area and grew at the end of the nineteenth century as a traditional part of the city. Its main street is Avenida Independencia, which follows the old Inca Trail, the northern entry to the city of Santiago. Given its ample indigenous population, the Centro Cultural Indigena de Chile (Chilean Indigenous Cultural Center) is located in Independencia. It also has important historical monuments, among them 6 of Chile's historical monuments.

In this group: Astrid, Valeria, Carlos, Marta, Esmeralda, Adriana, Carmen, Maritza, Jocelyn, Leandra, Leandra, Veronica, Cristian, Paola, Miguel, Alejandra

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Translated from Spanish by Kiva volunteer Rachel McRoberts

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