A loan of $6,650 helped a member to purchase items such as french fries, cookies, candy, Chocman candy, and to fix the floor of her kiosk.

Agua De Peumo Group's story

The Agua de Peumo community bank is made up of 20 entrepreneurs who work selling rope, chocolates, cakes, knitted goods, have grocery stores, provide services, and other things. They all live in the city of Chillán.

Luisa is a member of the community bank. In the picture, she is standing in the first row, in the second spot from right to left. She has a black jacket and has a brown purse on top of her jacket. Her hair is dark brown. She has worked selling from a kiosk for three years. It is located inside a school in Chillán where the sales are very good. She says that sometimes her husband helps since he also has to do his work. Her schedule is from 8:00am until 5:00pm from Monday to Friday. She purchases her ingredients and merchandise at supermarkets and distributors at low cost, which is financially desirable. She will use this loan to purchase items such as french fries, cookies, candy, Chocman candy, and to fix the floor of her kiosk. Her goals are to continue with her kiosk business and to be able to expand it and begin selling fruit to the students.

Luisa lives with her husband, her two children (aged 1 and 5 years old), and her godmother. Her dreams are to expand her kiosk and generate other income by selling jewelry since her children are growing up, which increases the need to give them a a better quality of life.

She is very happy and thankful for the opportunity provided by Fondo Esperanza to invest in her business. She is also feels very comfortable with her community bank, since the people are united, respectful, and trustworthy. She also says the trainings that are provided have led her to invest more in her business.

Chillán is a town in the south-central area of Chile. Its name means "sun chair" in Mapudungun, the language of the indigenous Mapuches. Chillán is known as the "Cradle of the Nation" or "Land of the Artists", since many important people in the history of Chile have been born there, including the well known pianist Claudio Arrau.

In this group: Luisa, Maria, Monica, Marilyn, Claudia, Valeria, Monica, Ivone, Laura, Veronica, Rosa, Gullermo, Maria, Jenifer, Maria, Juana, Marta, Rodolfo, Angelica, Iris

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Translated from Spanish by Kiva volunteer Eileen Lloyd

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