A loan of $3,600 helped a member to buy towels, sheets, kitchen cloths, sweat socks (made of warm fabric) and t-shirts.

Banco Fe Group's story

This communal bank is called “Banco Fe”. It is made up of 18 entrepreneurs who work in different areas. Among these are kiosks, market sellers, clothes sellers, making school uniforms, selling bread, selling eggs, selling artisanal crafts, selling chocolates, service providers and more. All of them belong to the Quilicura community, located in the city of Santiago.

Maria is a delegate of the communal bank. In the photo she is seated in the first row first from the left. he is wearing a light purple jacket and in her hands is a Fondo Esperanza file. Her hair is light colored and she wears it short.

She sells new clothing. She has been doing this for 7 months. She says that she works door to door on Mondays, Tuesdays, Thurdays and Fridays. On Wednesdays, Saturdays and Sundays she has a locale at the market. She sets her schedule according to availablilty, since she has to care for her little granddaughter.

She buys the merchandise she needs from distributors and locales where there is low cost clothing so that it is financially convneient. With the loan, she will buy towels, sheets, kitchen cloths, sweat socks (of warm fabric), and t-shirts.

One of Maria's goals is to grow as a micro-businesswoman. She has a well stocked business to make more income and thus have a better quality of life. Maria lives with her 2 children, aged 15 and 10 and a 5 year old granddaughter. Her dreams for her family are to have a good situation to give a good life to her children and her granddaughter. Her work goals are to keep working to buy more merchandise and be able to have a stable locale at the market.

She is very happy and grateful for the opportunity offered by the Fondo Esperanza, since it will allow her to invest in her business. She remarks that the trainings have been fundamental for her business and also for her personal development. She has learned to organize and distribute her income and investments in a better way.

Quilicura is a community that belongs to Santiago, the capital of Chile, located in the extreme northeast of the metropolitan region. The origin of the community's name comes from Mapudungun (the Mapuche language). "Kila", means "three" and "kura" means “rock”. From this is can be deduced that the name Quilicura means "three rocks", the name given by the first inhabitants of this valley, referring to the three perfectly vivisble mountains that surround the community.

In this group: Maria, Nora, Marisol, Natalia, Silvana, Paula, Patricia, Amelia, Marley, Jose, Ester, Maria, Myriam, Luz, Yanina, Sylvia, Cecilia, Jeniffer

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Translated from Spanish by Kiva volunteer Ellen Donohue

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