A loan of $6,775 helped a member to buy shool supplies and some warm winter clothes.

Fénix De Asís Group's story

This communal bank is called “Fénix de Asís” and is composed of 15 entrepreneurs who are in a variety of lines of work among which there is clothes making, barber shop, pastry shop, crafts, clothing and perfume sales via catalogue. All of them are from the city of Rancagua.

Sara is communal bank president. In the photo she’s seated in the first row occupying the first spot from right to left. She’s wearing a white printed blouse and her hair is gathered and is dark brown.

She’s a merchant tending to a general store selling stationery and packing items; she’s also added used clothes sales. She’s been in this business for three years together with her two children who are also her partners. She works Monday to Sunday from 10am until 10pm. She buys her merchandise from distributors in the city of Santiago and she comments that she does so according to each season.

She will use the loan to buy school supplies and also some warm winter clothes. Her goals are to expand her store’s infrastructure and to start selling beverages and ice cream since her store is located in the center of the city and many people pass by.

Sara lives with her two children. The oldest works independently as a topographer and her younger son will start to study a career as a renewable energy technician.

She is very happy and grateful for the opportunity provided by Fondo Esperanza because it will allow her to invest in her business. She comments that the training has been fundamental for her business and also for her personal development because she’s learned how to organize and better distribute her income and investments.

Rancagua belongs to the Libertador Bernardo O’Higgins Region. It’s a modern city that regulates Chile’s main fruit and wine industry’s processes and export. It is also a mining city because the world’s largest underground mine, “El Teniente,” with 4500 kilometers of tunnels is found in its mountain range.

In this group: Sara, Edmundo, Marisol, Rubén, Alejandra, Guillermina, Mireya, Claudia, Myriam, Liliana, Rosa, Alicia, Alejandra, Ana María, Magdalena

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Translated from Spanish by Kiva volunteer Polliz

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