A loan of $3,775 helped a member to buy perfumes to stock her business.

Norte Grande Group's story

This communal bank is called "Norte Grande," and is made up of 19 entrepreneurs, who work in various areas, that include a grocery store, curtain-making, selling ice cream, selling new clothes, and other activities. They all live in Renca commune (municipality) in the city of Santiago.

Adriana is a member of the communal bank, and appears in the photo, sitting in the first row. She is the first person going from right to left, wearing a flowered lilac and black T-shirt and black pants. She has light brown hair, worn loose to her shoulders.

She has been selling perfumes for approximately a year. She buys her products at wholesale from a distributor in the Meiggs neighborhood of the city of Santiago. In addition, Adriana has her own store, which she makes good use of in selling the perfumes. With the loan, she will buy perfumes for stocking her business.

Adriana lives with her husband, and one of her personal dreams is to remodel her home. The motivation for starting the business and keeping it going, is that Adriana needs to contribute to her family's household expenses.

She is very happy and thankful for the opportunity offered by Fondo Esperanza, as it will allow her to invest in her business. She also says that she makes her home available for the meetings of the communal bank, which has also been useful for bringing the group closer together, and creating greater trust.

Furthermore, through the training, she has learned new strategies for keeping accounts and for investment, which will be useful in her business.

Renca is a commune (municipality) located in the northwest area of the Santiago Metropolitan Region (Santiago is Chile's capital). It is a commune with a strong community focus, highlighted by the community television channel, Renca TV, created with the aim of promoting the commune's cultural and artistic activities.

In this group: Adriana*, Jacqueline, Alcides, Gladys, Joel, Betsabé, Patricia, Jacqueline, Juan, Marlene, María Victoria, Romina, Mariza, Luisa, Rosa, Mónica, René, Jeniffer, Margarita
*not pictured

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Translated from Spanish by Kiva volunteer Jeff Goldie

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