Funded

Total loan: $4,975
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Los Conquistadores Group

Chile
Recoleta, Chile / Food Production/Sales

A loan of $4,975 helped a member to buy a stove and supplies such as dough, oil, bags, napkins, garlic, mustard, mayonaise, ketchup, and cheese.


Los Conquistadores Group's story

This communal bank “Los Conquistadores” [The Conquerers] comprises 19 entrepreneurs dedicated to different professions including: making wood handicrafts; running a stall or grocery store; dressmaking; selling dough; making chocolates; selling tools and parts, and other services. All the members live in the community of Recoleta, located in the city of Santiago.

Johana, president of the communal bank, is seen in the photo in the second position from left to right in the front row, wearing a blue polo with her brown hair worn down. For the past year, she has been selling dough and fried pastries. She makes the products at her home and sells them to businesses located nearby. She works Monday to Saturday on a flexible schedule.

She purchases needed merchandise and supplies in the central market (wholesale and retail fruit and foods market) at low cost to generate higher profits. With the loan, she will buy a stove and supplies such as dough, oil, bags, napkins, garlic, mustard, mayonaise, ketchup, and cheese. One of Johana's goals is to have a local grocery store and continue to sell her fried pastries so that she can earn more income and have a better life. Johana lives with her husband and two children ages 13 and 4. Her personal dream is to have her own home because she now lives in her parents' home and would like to have more privacy for her family.

She is happy and grateful for the opportunity offered by Fondo Esperanza, since it allow her to invest in her business. She says that training has been crucial for her business and personal development, and she has learned to organize, spend her income, and invest better..Recoleta is one of 34 communities in Santiago (the capital of Chile) and is located in the central north section of the Santiago metropolitan area. It has a lively business section, including the Patronato area, which at first was home to many Arab business people and now has many Korean business owners.

In this group: Johana, Maria, Roberto, Viviana, Maria, Elvira, Delia, Enriqueta, Mario, Estela , Vanessa, Francesca, Wilson, Olga, Veronica, Ana, Berta, Alejandra, Oscar
*not pictured

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Loan details

Loan length:

5 months
Disbursed date: August 13, 2012
Facilitated by Field Partner: Fondo Esperanza

Lenders and lending teams



Loan details

Loan length:

5 months
Disbursed date: August 13, 2012
Facilitated by Field Partner: Fondo Esperanza