A loan of $3,350 helped a member to purchase merchandise for her grocery store.

Los Conquistadores Group's story

The Community Bank, “Los Conquistadores” (The Conquerors), is made up of 17 entrepreneurs who work in various trades, including: cake and pastry making, artisan crafts, food sales, grocery store sales, bazaar, flag making, and other services. All of the members belong to the community of Recoleta, which is located in the city of Santiago.

Verónica is the president of the Community Bank, and in the photo above, she is standing in the front row, the fourth person in from left to right. She is dressed in blue pants and a black jacket, and is wearing glasses. Her hair is short and is down.

She makes a living operating a general store, which she opened over two years ago. Her husband sometimes works in the store with her. She purchases merchandise from distributors and supermarkets for resale in her store. With the support from this loan, she plans to purchase additional merchandise to stock her business. Her goals for the business are to continue growing and generating increased profits, and to improve her quality of life.

Verónica lives with her husband, and dreams of growing and continuing in her business. She is very grateful for the opportunity given her by Fondo Esperanza, and for their investment in her business. She also is very pleased with the group at the Community Bank, and feels that it is a unified group where the members have respect for one another and confidence in one another.

Recoleta is one of the 34 communities in the greater city of Santiago (the Capital of Chile), and is located in the north-central sector of the Santiago Metropolitan Region. It has an active business and trade district, which is located in the neighborhood of Patronato. The area has welcomed Arab immigrants initially, and now is receiving an influx of Korean immigrants.

In this group: Veronica, Maria, Maria, Maria, Delia, Enriqueta, Estela, Rosa, Vanessa, Viviana, Francesca, Wilson, Olga, Johana, Ana, Berta, Oscar

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Translated from Spanish by Kiva volunteer Gillian Goodrich

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