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A loan of $3,275 helped a member comprará confites, galletas, papas fritas, dulces.

Cien Porciento Esfuerzo Group's story

The communal bank "Cien Por Ciento Esfuerzo" (One-Hundred Percent Effort) is comprised of 17 entrepreneurs whom make a living in commerce. Specifically, in auctions, sewing, the sale of clothing, fast foods, perfumes, duvets and sheets, snacks, and undergarments among others. All the entrepreneurs reside in the community of Peñalolén located in Santiago.

Nidia, the only woman squatting in the photo, is President of the comunal bank. She has been making a living in her retail store for the last 2 months. She works at home with her mother during the week and in the evening she works as a cashier for the store. Nidia purchases her merchandise at supermarkets and low-cost distributors, whichever is economically convenient. With this loan she will purchase snacks such as cookies, french fries, and sweets in general.

Her goals are to continue with her business and expand part of her home for the store so that she can generate higher revenues. This way she can have a higher quality of life. Nidia lives with her parents, a brother, a niece, and her eight year old son. She wishes to purchase her own home and give her son the best.

She very much appreciates and is happy for the opportunity brought to her by Fondo Esperanza (Hope Fund) that will permit her to invest in her business. Now that she has learned to better organize her business and manage her capital she realized the training provided has been fundamental for her business and her personal development. In addition, she feels very comfortable with the other entrepreneurs of the communal bank because of the respect, unity, and confidence that exists among the members.

Peñalolén is located east of the metropolitan region. It has attractive points of interest such as vines, buildings considered heritage sites, and natural sites which are transforming the community into a new tourism landscape within the metropolitan region.

In this group: Nidia, Elizbeth, Margarita, Estefania, Rosa, Barbara, Fabian, Margarita, Patricia, Michel, Claudia, Georgina, Sara, Thamara, Maria, Gonzalo, Rafael

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Translated from Spanish by Kiva volunteer Christian Lopez

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