A loan of $4,375 helped a member to buy thread, needles, school supplies, and packing materials.

Camino Al Exito Group's story

The communal bank “Camino al Éxito” [Road to Success] comprises 17 entrepreneurs who undertake a variety of activities, among which are: selling clothing, groceries, vegetables, and games; dressmaking; running a shop; preparing and selling fast foods, bread dough, raw and cooked salads; selling at fairs; and others. All the members live in Colina, a community in Santiago.

Érica is the member of the communal bank who is seated in the first row in the fourth seat from right to left of the photo, wearing blue jeans and a red shirt with black and grey lettering, holding a folder and purse in her hands, and whose hair is black and cut short. For 6 months, she has been selling at her shop. She says she works alone; her shop is located in her house, and she works Monday to Friday depending on her availability. She must purchase her merchandise from discount distributors so that her business is economically viable. She will use the loan to buy thread, needles, school supplies, and packing materials.

Her business goals are to build a space on her patio and obtain a city permit so that her merchandise can be displayed well and her customers are satisfied shopping there. Érica lives with her two daughters and a nephew. She dreams of having a stable business that will meet her financial needs and provide for her family's well-being. She is happy and grateful for the opportunity offered by Fondo Esperanza that will allow her to invest in her business. She says the training has been critical to her business and personal development, as she had learned to better organize, invest, and spend her income.

Colina is located in the north of a metroplitan area (Santiago, the capital of Chile is located here). Today it is an important business center, primarily in agribusiness as large companies have set up offices here and brought many employees to the community. Country homes are common in the area, which has increased the number of residents considerably. There are also tourist attractions such as hot springs, water sports at Laguna Piedra Roja, and mountain climbing.

In this group: Erica, Claudia, Gaudy, Margarita, Candy, Ruth, Maria, Raquel, Laura, Gloria, Fabiola, Flor, Karen, Maria, Angelica, Rosa, Elsi

Translated from Spanish by Kiva volunteer

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