A loan of $3,725 helped a member to buy shoes.

Compromiso Y Lealtad Group's story

This community bank is called “Compromiso y Lealtad” ('Commitment and Loyalty"). It is made up of 20 entrepreneurs who work in different fields, including selling clothes, shoes, cleaning items, helium balloons, roast chicken, inflatable toys for children, used clothes, tools; and services installing windows, confectionery, woven handicrafts, and other things. They all live in the community of Conchalí.

Jessica is a member of the communal bank, who is in the second row of the photo, second from the left. She is wearing a black sweater and holding a Fondo Esperanza folder. She has been working buying, repairing and selling shoes for the last eleven years. Her work consists of buying old or no longer used shoes, mainly at the markets, which she then repairs and makes like new, so she can sell them later on. She learned this trade from her father. She sells at a stall in a bazaar with a permit, which her father transferred to her.

She comments that her business has been going well for her since the start; she holds on to her old customers as they are loyal. Jessica works Fridays and weekends.

She buys her merchandise in the Victoria neighborhood of Santiago city, where they sell leather and thread among other things. She will buy shoes with the loan.

Her goals for her business are to buy a van for transporting her merchandise.

Jessica lives with her husband and two daughters, aged 15 and 7. Her dreams are to pay for high-school education for her daughters so that they can one day become professionals.

She is very happy about the services provided by Fondo Esperanza and grateful for them, as they allow her to invest in her business. In terms of the group, she has very good interpersonal relationships with the other entrepreneurs. She also has very high expectations of the trainings. The member who appears in the upper left hand corner had to be absent the day the photo was taken for personal reasons.

Conchalí is a community in the metropolitan region of Santigao, the capital of Chile, and is located in the northern part of that region. It has a demarcated industrial neighborhood, and many small-sized economic and commercial activities including open markets, craft workshops, parking garages, bus terminals, among other things. The micro-enterprise sector is very relevant with its commercial activity.

In this group: Jessica, Ana María, Yahana, Roxana, Vitalia, Yasna, Celia, Sergio, Mirta, Opoldina, Sergio, Yessenia, Ana , Elizabeth, Veronica, Julio, Patricia, Arcadio, Nancy, Sandra

Translated from Spanish by Kiva volunteer Arabella Pollack

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