A loan of $3,175 helped a member to purchase merchandise to stock her business.

Las Pioneras Group's story

This communal bank called Las Pioneras ("The Pioneers") is formed by 16 entrepreneurs who work in commerce, specifically in the sale of bread and empanadas, groceries, candy, fruits and vegetables, and services, among others. They all live in the neighborhood of La Florida, located in the city of Santiago.

Belinda is a member of the communal bank and can be found standing second from the left in the second row of the photo, dressed in blue pants, lilac vest, with her hair up and using glasses. She works in the area of textiles. She has done this work for the last five years. She works alone out of her house and also gives weaving classes on Tuesdays and Thursdays.

She buys the materials she needs for her weavings from wool distributors. With this loan she will buy merchandise to supply her business. The goals of her business are to continue teaching weaving and to enlarge her business.

Belinda lives together with her husband and her son and one of her dreams is to be able to offer services to large stores in the city of Santiago.

Belinda is very happy and thankful for the loan and services offered by Fondo Esperanza. In addition, she says that she feels very comfortable with the group and the meetings of the communal bank, since they are unified and generous.

La Florida is a community located in the southeast of Santiago, in the metropolitan area of the capital of Chile. Its population is very diverse, representing all the socioeconomic sectors (upper, upper-middle, middle, and lower-middle). The area has an active commercial life, which can be seen in the existence of various new commercial centers. It is a sector that has had explosive demographic growth in recent years.

In this group: Belinda, Marianela, Nancy, Gabriela, Ana, Graciela, Helia, Claudio, Teresa, Nelson, Gloria, Mirna, Monica, Carmen, Catherine, Sonia

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Translated from Spanish by Kiva volunteer Dan Fulwiler

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