A loan of $2,750 helped a member to buy merchandise like vests, track suits, and t-shirts of different styles and sizes.

Flor Nacional Group's story

This Communal Bank is named "Flor Nacional" and consists of 15 entrepreneurs who engage in different trades. These businesses include selling used clothing, selling new clothing, selling "pan amasado" (Chilean kneaded bread), selling flowers, managing a store, providing services, and other activities. All of the members are from the community of San Bernardo, which is located in the city of Santiago.

Lorena is the secretary of this Communal Bank group. In the photograph, she is seated in the second row and in the first position (from left to right). She is wearing a black jacket and has her hair down. Lorena is in the retail trade, selling a wide variety of new clothes to her customers. She has been in this business for two years. Lorena works with her husband. The merchandise she needs for her business is purchased from clothing distributors in the city of Santiago. She will use this loan to buy merchandise. Her goals for her business include continuing her growth so that she can open another vending post. Lorena lives with her husband and two children. She dreams of having a house of her own. Lorena is pleased with and appreciative of the opportunity Fondo Esperanza has given her to invest in her business. In addition, she feels comfortable participating in her group since the members are unified, respectful, and trustworthy.

San Bernardo is a city that is located 18 kilometers due south of the main square in Santiago (the Chilean capital). It is known as the folklore capital since it hosts the International Folklore Festival every January. This event highlights the various ethnic groups of the country and musical groups from all over South America gather there. Chilean artisans, as well as those from other countries nearby, also participate in the Traditional Craft Fair. In the month of April, an event called "Abril Cuecas Mil" celebrates the "cueca" (a traditional Chilean dance) throughout the entire community.

In this group: Lorena , Claudia, Maria, Paola, Virginia, Maria, Marianela, Camila, Magdalena, Regina, Angelina, Danilo, Sonia, Exilda, Karen

Translator profile picture

Translated from Spanish by Kiva volunteer Ronan Reodica

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