A loan of $5,950 helped a member to buy a vehicle for delivering her goods.

Esperanza Y Fe De Lampa Group's story

This Communal Bank is called "Esperanza y Fe de Lampa" and consists of 15 entrepreneurs who engage in different trades that include producing handmade cushions, selling "pan amasado" (Chilean kneaded bread), making handcrafted articles, and selling clothes. All of the members are from the community of Colina, which is located in the city of Santiago.

Patricia, the president of the Communal Bank, appears in the photo standing in the first row in the second position, going from left to right. She is wearing a blue fleece vest and has brown hair that is pulled down. Patricia sells cream-filled donuts, cupcakes, and other products. She has been in this business for six years. Patricia says that she works alone, but sometimes she has help from her daughter or her husband. The supplies and ingredients that she needs are purchased from distributors and supermarkets at low cost, which is convenient for her financially. With this loan, she will purchase a vehicle so that she can deliver her products to her customers and to different areas. One of her goals is to acquire a truck so that she can perform her work more easily. This will help her stay out of the cold during the winter and avoid the heat during the summer.

Patricia lives with her husband who works with her on occasion by driving his car to sell the completed products. Her 16-year-old daughter is studying. One of her personal goals is to have dental work done to fix her teeth. She also wants to prosper her business and increase her income in order to raise her family's standard of living. Patricia feels comfortable being a part of her Communal Bank since they are very unified and supportive.

Colina is a community in northern section of the region of Metropolitana (where the Chilean capital of Santiago is also located). This area is currently a center of major investment, primarily in the agro-industrial field. Due to the presence of many large and important companies, a great number of jobs have been created in the community. There are also recreational areas, which have contributed to the considerable increase in the number of residents. Colina also has adequate spaces for tourism, including spas, sports events at Laguna Piedra Roja, and mountain climbing.

In this group: Patricia, Jeannette, Luis, Olivia, Selmira, Isabel, Selmira, Carmela, Guendalina, Jose, Clara, Gianina, David, Carolina, Paricia

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Translated from Spanish by Kiva volunteer Ronan Reodica

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