A loan of $3,900 helped a member to buy supplies and merchandise for her business.

Eclipse Group's story

The communal bank called Eclipse is made up of 21 entrepreneurs who work in different fields among which are care of a store, bazaar, parcel service, vegetable merchant, artisan in precious stones, gold and silver, craftsman in precious metals, craftsman in wood, and used clothing. All the members live in the area of Colina in the city of Santiago.

One member of the communal bank is named Angelica, who in the photo is sitting at the end of the front row, with her little 3 year old son in her lap. She is a craftsman with wood and sells mostly items for the house. She has been doing this work for 15 years. Her products are sold in the open markets. She buys her merchandise from distributors located in the area of Estación Central in Santiago. With the money from the loan she plans to buy merchandise and supplies for her business.

She has clear business goals of having a small family business. Her husband is also an artist working in wood, mainly making toys. In order to achieve her goal she needs more working capital.

Angelica works together with her husband and her three children of 20, 12, and 3 years old. Her particular dreams are to have stable work and earnings in order to give her family a better quality of life.

Angelica is very happy and grateful for the loans and services provided by Fondo Esperanza for giving many enterprising people the chance to invest in their businesses. She says that this group is very supporting and enthusiastic with successful businesses.

Colina is a town in the metropolitan area located north of Santiago, capital of Chile. Right now it is the center of major investments, mostly in the agro-industrial area, due to the installation of large and significant companies, who provide a large number of jobs to the community. It is also an area of popular subdivisions, which has contributed to a marked increase of residents. Also, there are many tourism spots such as spas, sports on the Laguna Piedra Roja, and mountain climbing.

In this group: Angelica, Nadia, Andres, Irma, Linda, Angelica, Cristian, Ada, Angela, Solange, Marcela, Marco, María, María Magdalena, Gloria, Bonnie, Andrés, Cecilia, Nayaret, Arturo, Mónica

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Translated from Spanish by Kiva volunteer Gail LeGrand

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