A loan of $2,500 helped a member to buy items to stock her stationary store.

Renacimiento Group's story

This communal bank is called “Renacimiento” . It consists of 16 entrepreneurs who each work in different business sectors such as: grocery stores; bakeries; used clothes sales; fast food production and other businesses. They are all belong to the town of Chillán.

Ana is a member of the communal bank and in the photo can be seen standing on a chair which is why she stands out. She is wearing a dark jacket and a floral shirt. Her hair is shoulder length and dark brown and is waving with her left hand. She has been selling stationary in a bazaar for the last 7 years. Her business is located in her backyard patio. She says that she started her business with very few items and currently her business has expanded and is well stocked which why she is doing well. In addition her bazaar is close to 2 schools which during the high seasons, from March onwards, gives her the edge despite having compettiion in the area.

She buys her merchandise from suppliers who visit her locale as it works out cheaper. She will buy items for her bazaar with the loan.

Her goals are to continue growing and expanding the infrastructure of her locale. In addition she says that she wants to start another business as Ana is also a hairdresser and would like to build another room and fit it out as a beauty salon. She has given herself a timeframe of 6 months to realize this project.

Ana lives with her mother and 2 daughters who study at the university. Her dreams are for her business to prosper to give her and her family a better quality of life.

She is very happy and grateful for the support given her by the Fondo Esperanza as it has allowed her to invest in her business. In addition, she also feels very comfortable at the meetings and with the group she is a part of as they have helped them know one another. With regards the training, these have helped her better administer her business income and expenses.

Chillán is a community in the centre of southern Chile. The name means "Chair of the Sun" in Mapudungun, the language of the indigenous Mapuches. Chillán is known as the "Cradle of the Nation" or "Land of Artists" due to the fact that the town has produced several leading figures in the history of Chile such as the concert pianist Claudio Arrau.

In this group: Ana , Angelica, Irma, María Eugenia, Jeannett, Estela , Bernardita, Margot, Miriam, Judith, Patricia, Claudia, Octavio, Patricia, Marisol, Patricia

Translated from Spanish by Kiva volunteer Maria Blyth

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