A loan of $5,175 helped a member to buy a juicer, microwaves, dishes, amenities, and food.

Mayllen Group's story

This communal bank is called “Mayllen” and is composed of 19 entrepreneurs that make their living in different sectors which include selling meat pies, selling food, peddlers, selling clothing, selling vegetables, selling groceries, selling fish, services and more. All of them are part of the community of Conchali, located in the city of Santiago.

Silvana, a member of the communal bank, is sitting in the front row of the picture, the second adult from the right. Sitting next to her is her granddaughter. She is wearing black pants and a brown jacket. She had dark hair and she wears it up. Silvana makes her living in the food sector; specifically she sells lunch which she has done for 15 years. She says that she works alone from Monday through Sunday from 8am through 5pm because that is when she receives her last lunch order.

She buys her merchandise from different locations, wherever it’s cheapest, including supermarkets, distributors, and shops. With the loan she will buy a juicer, microwaves, dishes, amenities, and food.

One of Silvana’s goals is to have a bigger business and to buy an industrial oven in order to be able to make meat pies and sell them in larger quantities. Silvana lives with her husband, sister, nephew, and niece. Her dreams at work include to opportunity to buy an industrial oven so as to generate more income and in this way give her family a good life.

She is very happy and grateful for the opportunity that Fondo Esperanza has given her because it has allowed her to invest in her business. Additionally, she feels very comfortable in the company of the other entrepreneurs of the communal bank because they share different activities and interests which gives her a quick pastime. In regards to the trainings at these meetings, she has learned how to manage her business better.

Conchali is a municipality in the metropolitan area (located in Santiago, the capital of Chile) located in the northern region. It has a defined industrial area and has many economic and commercial activities of a smaller scale including street markets, craft workshops, garages, and bus terminals among others. The microenterprise sector is very relevant to her commercial activity.

In this group: Silvana, Edith, Adela, Denisse, Alejandra, Gioconda, Tatiana, Rosa, Daniela, Isabel, Miriam, Maria, Juana, Maria, Daniela, Maria, Olga, Paola, Paola

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Translated from Spanish by Kiva volunteer Diana Gonzalez

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