A loan of $3,425 helped a member to buy clothes.

Chacabuco Group's story

This communal bank is called “Chacabuco” and has 15 enterprising members who carry out different lines of work among which are: pastry making, turnover sales, kiosk, manicure, clothes sales, ice-cream sales, cake sales and services, among others. They all are from Recoleta Commune located in Santiago Commune.

María José is a communal bank member and in the photo she’s squatting down in the first row, first from right to left, wearing blue jeans and a beige sweater, her hair is dark brown and she wears it up and she's carrying her daughter in her arms.

She has been selling clothes for two years. She comments that she works at home, in street markets and street fairs to sell her merchandise. Her work schedule is determined by her availability. She only sells women’s clothes. She buys merchandise as needed from stores and suppliers where she finds different styles and sizes of clothes at low cost which gives her an economic advantage. She will use the loan to buy shirts, pants, dresses and skirts for women.

One of María's goals is to open a store at home, to set aside specific space to tend to her customers and offer her products more in peace. In this way she’ll be having better quality of life.

María José lives with her husband and two daughters who are 4 and 1. Her personal and family goal is to own a house to provide the best for her daughters.

She is very happy and grateful for the opportunity Fondo Esperanza is providing because it’s made it possible for her to invest in her business. She also feels very comfortable in the company of her fellow entrepreneurs in her communal bank group because they share different activities and interests which has also served as a means of recreation for her. The training provided at the meetings has taught her to better manage her business.

Recoleta is one of the 34 communes making up Santiago (Capital of Chile) and is located in Santiago’s north-central sector, metropolitan region. It’s active commercially and the commercial Patronato neighborhood stands out mainly for having welcomed Arab merchants (initially) and Korean ones (currently).

In this group: Maria Jose, Juan, Jasmin, Andrea, Carolina, Roxana, Leonarda, Maria Angelica, Julio, Daniela, Juana, Alejandra, Roxana, Marta, Margarita

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Translated from Spanish by Kiva volunteer Polliz

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