A loan of $3,850 helped a member comprará poleras, vestidos, faldas, ropa para grandes y chicos.

Cecarcon 2 Group's story

This communal bank is called "Cecarcon." It consists of 22 entrepreneurs who work in different businesses, among which are working at fairs, selling clothing, fast food, selling humitas (a traditional steam-cooked ground corn dish), selling handicrafts, selling plastic products, and services, among others. All the members are from the city of Concepción.

Teorinda, a member of the communal bank, is standing at the back of the group in the photo. She is in the third position, going from left to right. She is wearing a lilac-colored jacket and big hoop earrings. Her hair is short and worn loose, and it is light brown. She has been working in the area of clothing sales for eight months. She comments that she works from Monday to Sunday in her home. Other times she goes out to offer her merchandise outside of her home. Her working schedule depends on her availability.

She buys the merchandise that she needs for her business at low cost in various stores and clothing distributors in the city of Santiago, thus it is economically convenient. With the loan she will buy T-shirts, dresses, skirts, and clothing for the summer season. One of Teorinda's goals to set up a space in her house to arrange a bazaar for her clothing sales in order to attend to her customers in a more peaceful and comfortable manner, and in this way generate greater income for her family.

Teorinda lives with her two children, a granddaughter, and a nephew who are in her care and two brothers whom she also cares for since they are disabled. She is very happy and appreciative of the opportunity offered by Fondo Esperanza, since it will allow her to invest in her business. With respect to the communal bank group of which she is a part, she comments that there is very good communication in it. In addition, the training has served her to learn new strategies for sales and accounting.

Concepción is located at the mouth of the Biobio river, one of the largest in the country, in the south of Chile in the Biobio region. It has had an important function in Chilean history, being the site of important battles and relevant settlements, especially during the Arauco War, because of being on the border of the Mapuche territory. Now the city has important economic and demographic development, having come to be considered one of the urban, demographic, administrative, financial, and commercial centers of Chile, after Santiago and Valparaíso.

In this group: Teorinda, Damaris, Daniel, Clara, Cinthya, Luz, Jessica, Susana, Cecilia, Juana, Doris, Erika, Edita, Jacqueline, Nicol, Sandra, Norma, Sandra, Marcela, Doris, Jose, Delia

Translated from Spanish by Kiva volunteer Pam McMurry

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