A loan of $3,150 helped a member to buy make up, clothing, hair accessories (clips, hairbands and ponytail holders).

Cecarcon Group's story

This Communal Bank is called Cecaron and is made up of 19 entrepreneurs who are dedicated to different trades, among which are: the sale of fried pastries, sale of school supplies, seamstress work, furniture shop, sale of empanadas, services and others. All of them belong to the city of Concepción.

Karina is the member of this communal bank who is found seated in the first row, second from the right in the photo, wearing glasses, a white polo shirt and a black sweater over it, and black pants. Her hair is dark chestnut and is worn loose.

She makes a living selling various good by traveling around her area and has done this for two months. She says that she works from Monday to Sunday and at times on Sundays her schedule has to be made based on her actual availability.

The merchandise that she needs for her sales is purchased at distributors and in storerooms where they specialize in wholesale and retail for accessories and clothing. She is able to buy at low cost, being economically convenient for her. With the credit she will buy make up, clothing and hair accessories (clips, hairbands and ponytail holders).

One of Karina's goals is installing her sales at her house in order to attend to it with more ease, offer her merchandise in a tranquil setting and at the same time be closer to her children.

Karina lives with her husband who supports and helps her in her busines, and her three children of 10, 8 and 6 years of age. Her children are all in school. Her personal dream is to be independent in her business and to install it in her house to generate greater earnings. She already is in need of more economic resources for the home because her children are growing and at the same time the need grows to give them good chances.

She is very thankful and happy with the opportunity brought by Fondo Esperanza because it has opened for her a door to work and allows her to invest in her business. She says that the trainings have been fundamental for her business and also for her personal development. She has learned to organize and distribute her earnings and investments in a better way.

Concepcion is located at the river mouth of the Biobio River, one of the country's largest, at the south of Chile in the Biobio region. It has had an important role in Chile's history, being the home of important battles and an important settlement, especially during the Arauco War, as it is located on the border with Mapuche territory. The city currently has importantant economic and demographic development, becoming one of the most important urban areas in terms of demographics, administration, finances and trade for Chile after Santiago and Valparaíso.

In this group: Karina, Alex, Carlos, Robinson, Ivan, Betzabe, Manuel, Jaime, Isabel, Rosa, Lidia, Luis, Rosa, Nelson, Julio, Edith, Osvaldo, Fernando, Eugenio

Translated from Spanish by Kiva volunteer Gina Cappuccitti

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