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A loan of $6,325 helped a member to buy batteries, tapes, cardboard, soap, room fresheners, cologne, shampoo, and diapers.

Norte Grande Group's story

The Norte Grande communal bank is comprised of 18 entrepreneurs who carry out various lines of work among which are a bazaar store, stalls at fairs, selling salads, selling juices, making curtains, a bakery, a store, and providing services, among others. All of the members belong to the Renca commune in the city of Santiago.

In the photo Adriana, a member of the communal bank, is standing in the first row, and she is the first person on the right. She is wearing a green sweater, her hair is dark brown, and she wears it down.

She has a variety store, and she has been working in this business for one year. She says that she works alone at her house. She works from Monday through Sunday from 3:00 p.m. until 12:00 a.m. She does not work in the morning because it is very slow, and she does not get much income.

She buys the merchandise she needs from distributors, grocery stores, and supermarkets. She buys at a low cost, which is financially desirable. She will use the loan to buy batteries, tapes, cardboard, soap, room fresheners, cologne, shampoo, and diapers.

One of Adriana’s goals is to continue with her business, to continue advancing, and to have her business stocked as much as possible. She also wants to buy a photocopier to be able to get more customers. She will do this to generate greater income and to have a better quality of life.

Adriana lives with her husband and a nine year old granddaughter. Her dream on a family level is to be able to finish fixing up her house in order to give her family a good life. On a work level her dream is to grow and to sell more each day in order to continue buying merchandise to stock.

She is very happy and grateful for the opportunity that Fondo Esperanza has given her. It has allowed her to invest in her business. She feels very comfortable in the company of the other entrepreneurs in her communal bank. They share different activities and interests, which have served to pass the time pleasantly. In regards to the trainings at the meetings, she has learned to run her business in a different manner.

Renca is a commune (municipality) located in the northwest area of the Santiago Metropolitan Region (Santiago is Chile's capital). It is a commune with a strong community focus, highlighted by the community television channel, Renca TV, created with the aim of promoting the commune's cultural and artistic activities.

In this group: Adriana, Rene, Romina, Eduardo, Gladys, Roxina, Juana, Luisa, Salome, Veronica, Joel, Ximena, Alex, Claudia, Rosa, Rosa, Edith, Marisol

Translated from Spanish by Kiva volunteer Ginny Kalish

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