A loan of $3,950 helped a member to buy an industrial oven.


Juntos Podemos 2.0 Group's story

This communal bank is called “Juntos Podemos”. It consists of 20 entrepreneurs who work in different businesses which include selling groceries in stores, selling clothes and trinkets at street markets, fast food production and sales. They all live in Conchali in the city of Santiago. Palmenia, a member of the communal bank, who in the photo is seated in the middle of the first row and is wearing brown pants and a shirt emblazoned with black and grey colours, makes and sells fast food, such as icecream, sopaipillas (deep fried dough) and completos (hotdogs topped with tomato).

She works Mondays to Saturdays in the mornings at a school and at a street market. She sells from a food cart. She says that she is doing well with her business as she also has regular clients. She buys her products in the valley (a market dedicated to the sale of products especially for retailers). With the loan she is going to buy an industrial oven. Her goals are to obtain a fully equipped food cart that is set up so as to obtain a health permit. She already has a deep fryer and food storage cabinet.

Palmenia lives with her husband and 2 sons, 20 and 12 years of age. In addition she is expecting a third child as she is 6 months pregnant. Her dreams are to apply for a housing subsidy to obtain their own home. With this investment Palmenia can install the business in her own home so as to make her work schedule more flexible and thus spend time both at work and with her children.

Palmenia is very happy and grateful for the opportunity given her by Fondo Esperanza as it has allowed her to invest in her business. She also says that there is a good relationship of trust with the communal bank group.

Conchalí is a part of the metropolitan area (where Santiago, the capital of Chile is located), located to the north. It has a defined industrial area, and multiple economic activities and small businesses, including street markets, craft workshops, garages, bus terminals, among others. The microenterprise sector is very relevant to the commercial actvity of the area.

In this group: Palmenia, Carmen, Stephanie, Patricia, Eduardo, Alexandra, Karen, Patricia, María Angelica, Yenny, Rodrigo, Mónica, María Teresa, Jorge, María, Betzabé, Ismael, María Fabiola, Carlos , Margarita

Translated from Spanish by Kiva volunteer Maria Blyth



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