A loan of $3,700 helped a member to purchase vests of various sizes and designs for resale to customers.

Vecinas Y Amigas Group's story

The Community Bank, “Vecinas Y Amigas” (Neighbors and Friends) is made up of 15 entrepreneurs who work in various trades, including clothing sales, toilet repair products, perfume sales, catalog clothing sales, general store sales, honey sales, etc. All the members belong to the community of Colina, in the city of Santiago.

Paula is the president of the Community Bank, and in the photo, she is standing in the center of the second row, and is dressed in a white shirt with her hair up. She makes a living selling new clothing, and she has worked in this industry for three years. She buys her merchandise in Santiago or custom orders it from the city of Ligua.

With the support from this loan, Paula plans to purchase vests in various sizes and designs for resale to her customers. Her goal and dream in life is to eventually have her own store, so that she can generate more income and improve her quality of life. She lives with her husband, who is a mine worker. Their three children are in school.

Paula is very happy and grateful for the loan and services provided for her by Fondo Esperanza. She also comments that she has felt very comfortable in the bank meetings, as the people there are generous and unified in their goals.

Colina is a community in the greater Santiago metropolitan area (where Santiago, the capital city of Chile, is located). Colina is currently an important hub for investments, especially in the agro-industrial sector, since large companies have recently started up operations there and employ a large number of people from the community. It is also an area of subdividing and development, which has led to an increase in the number of inhabitants. Colina has tourist attractions, too, including thermal hot springs, water sports at Laguna Piedra Roja (Red Rock Lagoon), and mountaineering in the mountains nearby.

In this group: Paula, Ana, Rosa, Erika, Ximena, Irene, Jose, Tamara, Paola, Cristina, Maria, Ively, Marinka, Maria, Ana

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Translated from Spanish by Kiva volunteer Gillian Goodrich

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