A loan of $3,850 helped a member to buy socks, T-shirts, and undergarments of various sizes.

Juntos Podemos Confluencia Group's story

This Communal Bank called “Juntos Podemos Confluencia” (We Can Join Together) consists of 17 entrepreneurs who engage in different trades such as selling firewood, weaving, sewing, selling marmalade, preparing fast food, selling provisions, providing services, and other business activities. All of the members are from the city of Chillán.

Katerine, the president of the Communal Bank, is seen in the photo seated in the first row. She is in the second position going from right to left and is wearing blue jeans, a gray jacket, and has chestnut brown hair that she is wearing down. Katerine has a bazaar where she sells household goods and clothing. She established this business three months ago. Katerine says that her business is located in a section of her house where she works four days per week. Her distribution schedule is determined by her availability. The merchandise and supplies that she needs are purchased in the city of Santiago from different distributors. With her loan, she will purchase socks, T-shirts, and undergarments of various sizes, especially extra-large garments and articles targeted at young people. Her goals are to continue her business and relocate it to an area where she can serve her customers more comfortably. This will help her achieve a better quality of life and generate more income for her family.

Katerine lives with her mother, her sister, and her four-year-old daughter. Her dream on a personal level is to study for a degree so that she can become a professional. Katerine is very pleased with and appreciative of the opportunity provided by Fondo Esperanza to invest in her business. In addition, she feels very comfortable with the group in which she participates since the members are unified and demonstrate respect and trust.

Chillán is a community in south-central Chile. Its name means “Seat of the Sun” in Mapudungun, the language of the indigenous Mapuche people. Chillán is also known as “The Cradle of the Nation” and “Land of Artists” because many leading figures in Chilean history were born here, such as the famous pianist Claudio Arrau.

In this group: Katerine, Isabel, Nancy, Fabiola, Nathaly, Margarita, Graciela, Teresa, Carolina, Amelia, Robinson, Olfa, Roberto, Valeria, Susana, Patricia, Cinthia

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Translated from Spanish by Kiva volunteer Ronan Reodica

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