A loan of $2,975 helped a member buy scissors, shaving implements, capes, caps, gloves, among other supplies.

Sol Naciente Group's story

This communal bank, called “Emerging Sun”, is composed of 15 entrepreneurs who are dedicated to commerce, specifically selling clothing, doughy bread, sweets, breakfasts, services, and a stallholder, among others. They all live in the commune of Quilicura, located in the city of Santiago.

Yesinia, president of the communal bank group, is standing in the front row of the photo, first on the left, dressed in a white 'beatle', under a gray vest and a brown jacket. Her dark chestnut hair is worn loose.

Yesinia has offered hair care for some 2 years. She has taken specialized courses that helped improve her skills and facilitated her business. She works Monday through Friday from 10:00 am until 9:00 pm, and also visits her customer's residences.

Yesinia buys her merchandise from various distributors who specialize in selling products for the hair. With this loan she will buy scissors, shaving implements, capes, caps, and gloves, among other items. One of Yesinia's goals for her business is to have an opportunity to acquire her own shop where she can attend to her customers.

She lives with her husband, a taxi driver, and her 7-year-old daughter who is a student. Yesinia's personal dreams are to have her own house and her own beauty shop, to generate greater income and thus, obtain a better quality of life.

Yesinia is very content and grateful for the opportunity offered by Fondo Esperanza to invest in her business. In addition, she feels very comfortable with her group, since they are united, respectful, and confident.

Quilicura is a commune pertaining to Santiago, Chile's capital, located in the extreme northeast of the metropolitan region. The origin of the commune's name comes from “mapudungun” in the Mapuche language: “kila” means 3, and “kura” means stone, which we deduce makes the name “3 stones”. The name was chosen by the original inhabitants, with reference to 3 hills that are clearly visible and mark the boundaries of the commune.

In this group: Yesenia, Jorge, Camila, Susan, Carmen, Myriam, Carolina, Ruben, Ana, Maria, Marina, Virginia, Carina, Juana, Jessica

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Translated from Spanish by Kiva volunteer Harold Dana Sims, PhD

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