A loan of $3,400 helped a member to buy spare parts, filters, and belts to repair washing machines.

Full Equipo Group's story

This communal bank is called "Full Equipo." It consists of 17 entrepreneurs who work in different areas, among which are bazaar sales, selling french fries, selling roasted chicken, selling kites, selling empanadas, selling homemade bread, selling underwear, street market vendors, bakery, selling hot dogs, selling salads, and services, among others. All the members are from the community of Puente Alto, located in the city of Santiago

Alejandra is the treasurer of the communal bank group. In the photo she is seated in the first row, in the first seat going from left to right. She is wearing white pants, a black T-shirt, and a white sweater. Her hair is short and is light brown. She has been working in the area of installing, repairing, and accessories for automatic washing machines for 8 months. She comments that she works with the help of her husband at the Feria Libre market and sometimes in customers' homes, other times in her home. They work all week, and they plan their schedule according to their availability.

She buys the merchandise and supplies that she needs to repair washing machines from distributors and importers, where they have spare parts specifically for washing machines. With the loan, she will buy spare parts, filters, and belts to repair washing machines. One of Alejandra's goals is to have an established location where she can have a regular workshop, her customers can come, and she can help them in a peaceful atmosphere. Alejandra lives with her husband and three children, ages 6, 6, and 2. Her dream with regard to her work is to be able to be independent and to have the necessary documents to have a shop to repair automatic washing machines.

She is very happy and thankful for the opportunity offered by Fondo Esperanza, since it will allow her to invest in her business. With regard to the communal bank group of which she is a part, she comments that in it there is very good communication. In addition, the training has helped her to learn new strategies for sales and accounting.

Puente Alto is a community located in the north of Santiago, the capital of Chile. It was founded as a small rural town at the end of the 19th century, but given its demographic growth, it is now one of the communities in Chile with a large population, surpassing 600 thousand inhabitants. It is the port of entry to one of the mountain slope sectors of the metropolitan region, known as the Maipo River Canyon, an area with spaces for walking, horseback riding, and rafting, among other activities, and accommodation and food services.

In this group: Alejandra, Laura, Hilda, Liliana, Yemmi, Karen, Maria, Maria, Veronica, Diana, Gloria, Sandra, Marcela, Margarita, Jessica, Dayan, Rosa

Translated from Spanish by Kiva volunteer Pam McMurry

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