A loan of $5,100 helped a member to buy clipping machines used for men's haircuts.

Emprendedores De La Juan Antonio Ríos Group's story

This Communal Bank is called "Emprendedores de la Juan Antonio Ríos" (Entrepreneurs of Juan Antonio Ríos), which consists of 19 members who engage in different trades such as grocery stores, sewing and dressmaking, and other retail businesses that involve selling various products at the open fairs. All of them are from the community of Independencia, which is located in the city of Santiago.

Bernarda is seen in the photo standing in the second row (first person going from right to left) and wearing a black t-shirt. Her hair is dark chestnut brown and she is wearing it down. Also, she is holding a Fondo Esperanza folder in her arms. Bernarda has operated a beauty salon for the past three years. She offers her services from her home Monday through Sunday and works on a flexible schedule. Her customers include neighbors, acquaintances, and relatives. She said that she completed a course at a recognized institution. Her merchandise is purchased at a shopping center that specializes in selling beauty products at low cost to retail customers. With this loan, she will buy machines used for men's haircuts. One of her goals is to expand her clientele so that she can open a salon in an established location.

Bernarda lives with her husband and three children (ages 19, 12, and 1). Her dreams are to provide her family a better quality of life. She is very pleased and grateful for the opportunity provided by Fondo Esperanza, which has been a great help to her business and for her family. Bernarda says that her Communal Bank group is very responsible and the training classes have taught her new investment strategies and accounting techniques. All of these tools will help her have a successful business.

Independencia is one of 34 communities that make up Santiago, the Chilean capital. It is located in the north-central section. In the 19th century, Independencia emerged as one of the more traditional sectors of the city. The main thoroughfare is Independencia Avenue, which served as the old Incan Road and the gateway to the north from the city of Santiago. Given the growing indigenous population, Independencia is known as the "Indigenous Cultural Center of Chile". It also has important historical sites, including six Chilean historical monuments.

In this group: Bernarda, Mónica, Julia, Jessica, Sonia, Marisol, Katerine, Fernando, Francisco, Susana, Claudia, Luis, Beatriz, Mary, Nicole, Liza, Juan, Elena, Elena

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Translated from Spanish by Kiva volunteer Ronan Reodica

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