A loan of $5,525 helped a member comprará fardos de ropa para abastecer su negocio.


Renacer Ii Group's story

This communal bank is called "Rebirth II" and consists of 17 entrepreneurs who are engaged in different areas of sales, among which are the selling of jewelry, crafts, buns, pies, fries, yarns and needles, furniture, jams, condiments, cosmetology, podiatry, as well as an in-home banquet, knitting, and other services. All group members live in the city of Curico. Liliana is the secretary of the Communal Bank, and in the picture she is standing in the center of the group wearing a dark colored jacket. Her hair is dark brown and she wears it long and loose. She has been dedicated for the past two years to selling clothing and fabrics for home use such as tablecloths, towels, sheets, and curtains. She notes that she also works in food service preparing meals for a builder. She works from home Monday to Friday and her schedule is determined based on availability. Her clothing sales are made to people that she knows or to family members or via internet. The goods and supplies that she needs for her different jobs she acquires in the city of Santiago, and she purchases food for the preparation of her lunches in different supermarkets at low cost. It is thus economically convenient. With the credit she will buy bundles of clothes. One of Liliana's goals is to have an established stall for selling her clothing products, and with that generate more income and find a better quality of life. Liliana lives with her husband, her mother, and two daughters aged 12 and 5 who are in school. Her dream for the family is to have their own home, and her dream for work is to have her own successful business, since with the income she would be able to give her children a good quality of life. She is very happy and grateful for the opportunity provided by Fondo Esperanza, since it permits others to invest in her business. She says that the trainings offered have been fundamental for her business and also for her personal development, since she has learned to organize and distribute in a more effective way her income and investments. With respect to her group she feels comfortable, which motivates her to keep participating. Curicó is located in the Maule region, in the central zone of the country. Curico's climate is Mediterranean and is considered one of the nicest in the country. It is also characterized by its culture centered on wine and surrounding natural beauty. Although the labor force has increased, this area remains, according to the last census, one of the poorest in the country.

In this group: Liliana, Laura, Jaime, Jesus, Diolinda, Cecilia, Silvia, Irma, Silvia, Silvia, Manuel, Patricia, Carlos, Erika, Veronica, Ximena, Inelia
*not pictured

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Translated from Spanish by Kiva volunteer Debra McMahon



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