A loan of $4,675 helped a member to buy jewelery, rings, and weights for gold.

Quinahue Group's story

This communal bank is called “Quinahue” and is comprised of 19 entrepreneurs who dedicate themselves to different business, such as store-keeping, hairdressing, selling vegetables, preparing artisanal products, preparing baked goods, etc. They all come from the commune of Recoleta.

Elizabeth is a member of the communal bank, who is seen in back of the photo in the third row, second from the right. Use her short hair, glasses and sporty shirt to spot her. She has been selling jewelery for 22 years. She orders and makes original jewelery from gold, silver, and surgical steel, as well as costume jewelery. She sells her products by catalog, and already has a fixed clientele in the city of Temuco. Her work schedule is flexible, but she does work every day of the week. Elizabeth purchases her merchandise from distributors and has a workshop she uses for the jewelery she sends to be made or repaired. She will use this loan to buy jewelery, rings, and weights for gold. One of her business goals is to buy a computer, which would make it possible to promote her products. Her most long-term goal is to establish a permanent location for her business.

Elizabeth lives with her husband and one of her dreams is for them to marry in the church, as they currently have only a civil marriage. She is motivated to continue with her business due to the economic independence and work schedule.

She is very happy and grateful for the support offered by Fondo Esperanza, as it has made it possible for her to invest in her business, learning new strategies for organizing expenses. On the other hand, she has also greatly enjoyed the company of the other entrepreneurs. The communal bank is an honest, respectful, and committed group.

Recoleta is one of the 34 communes of Santiago (the capital of Chile) and is located in the north-central sector of the Santiago metropolitan region. Commerce there is active, especially in the commercial neighborhood of Patronato, which has hosted primarily Arabs (in the beginning) and Koreans (nowadays).

In this group: Elizabeth, Norma, Carlos, Norma, Eloisa, Natalia, María, María, Daisy, Sonia, Valeria, Mario, Rafael, Sonia, Alicia, Aurora, Rosario, Margarita, Margarita

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Translated from Spanish by Kiva volunteer Katie Kavanagh

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