A loan of $2,850 helped a member to fix her truck, which is her means of transporting metal. She has always been unable to work for two months because her vehicle is in bad condition.

El Arca De La Fe Group's story

This communal bank is called El Arca D. L. Fe. It is maD. up of 18 enterprising individuals who work in different fields, among which are commerce, small meal preparation, fast food preparation, and private businesses. They are all residents of the City of Chillán.

Ivon is the communal bank member who is fifth from the left in the second row. She wears her hair long and has on a black jacket.

She has been in commerce for three years. She buys scrap metal in the field then sells it to a metallurgical business. Her daily load of metal sold is 1,500 kilos. She notes that her business is going well and that she works with her husband.

With his loan she will repair her truck, which is her means of transporting the scrap metal. She has already had to go two months with working because her vehicle is in bad condition.

Her goals are to expand her business and to buy another vehicle to make this happen since she also wants to begin selling food and beverages.

Ivon lives with her husband and her 5 year-old son. Her personal dream is to own her own home. For this to happen she will have to make a proposal to the housing subsidy.

She is very happy with and thankful for the services Fondo Esperanza offers, as the financing allowed her to begin her business and to reinvest in it.

Ivon is very comfortable with the communal bank group she belongs to since they are available to work together and each and every one of the entrepreneurs is dedicated to his or her business.

Chillán is a town in the central region of Chile. It's name means "sun chair" in Mapundungun, the language of our native people, the Mapuches.

Chillán is known as the "cradle of the country" or the "land of the artists" because important figures in Chilean history, such as the well-known pianist Claudio Arrau, were born here.

In this group: Ivone, Nathalia, Alejandra, Elba, Ester, Javier, Cindy, Silvia, Katherine, Doris, Sandra, Ana, Liliam, Elba, Iris, Claudia, Jessica, Jeanette

Translated from Spanish by Kiva volunteer Alyson Trowbridge

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