A loan of $3,100 helped a member to buy t-shirts, thermal fabric and towels to embroider.

Quince Mas Uno Group's story

This communal bank is called “Quince más Uno” (Fifteen plus One). It has 17 members who are in a variety of businesses. Among them are crafts making, commerce, dressmaking, barber shop, among others. They all live in the city of Santiago’s Independencia Commune.

Mónica is a member of the communal bank and she’s squatting in the photo, first from left to right and wearing sunglasses. She has been working embroidering clothes for the last year and a half.

Her business is called “Bordado con Sentimiento” (Embroidery with Feeling) because she writes poems, names and dedications on various articles of clothing according to the customer’s wishes. Some of these products are t-shirts and blankets.

However, she comments that demand for her products and/or services is irregular so it’s not a good idea to only have this single business. Therefore, she added to her services creating and making corporate logos for firms since these are produced at wholesale and are economically more convenient for her. Mónica publicizes her work through a blog she has on the Internet as well as providing her data to acquaintances and friends. She buys her supplies in the Independencia and Estación Central Communes. This loan is to buy t-shirts, thermal fabric and towels to embroider. Her goal is to expand the business and to make progress with it.

Mónica lives with her two children who are 18 and 13 years old. Her dreams on a family level is that her children are able to make their projects reality. Her daughter hopes to go to dental school at a state university so Mónica strives daily to generate new and better income to provide her children with the best possible economic wellbeing.

She is very happy and grateful for the loan provided by Fondo Esperanza because it will make it possible for her to invest in her business and generate higher profits. She comments that the group in the communal bank she participates in is very strong and they share similar goals of building projects on a large scale and to be able to make them happen.

Independencia is one of the 34 communes that make up the city of Santiago (Capital of Chile) and is located in the center-north sector. It arose at the end of the 19th-century as a traditional part of the city. Its main axis is Independencia Avenue which used to be the ancient Road of the Inca which was the northern gate of the city of Santiago. Because of its extensive indigenous population the Chilean Indigenous Cultural Center is found in Independencia. It also has important historical buildings among which are six historical Chilean monuments.

In this group: Mónica, Doris, Nelly, Patricia, Veronica, María, Francis, Joselyn, Katherine, Rosa, Chantal, Patricia, Irene, Fabiola, Vicente, Alejandra, Natalia

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Translated from Spanish by Kiva volunteer Polliz

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