A loan of $7,475 helped a member to buy an electric scale, ingredients, napkins, potatoes and cement.

Esperanza Y Fe De Lampa Group's story

This communal bank is called “Esperanza y Fe de Lampa” (Lampa Hope and Faith) and it has 16 members in a variety of lines of work like fast-food sales, donut sales, cake sales, bicycle repair shop, mechanic, cushion sales, knitting and services, among others. All are from Colina commune in the city of Santiago.

Clara is a communal bank member and in the photo is standing in the second row, second from right to left, wearing a green jacket, gray earrings and her hair is dark brown and gathered up.

She’s been in the fast-food business for six years. She comments that she works every day in the evening outside her house selling sopaipillas, hot-dogs, and fried potatoes. She also comments that she has two carts she uses to offer her food to her clientele. She buys supplies and merchandise as needed from various suppliers where she finds quality products at low prices which is economically advantageous. She will use the loan to buy an electric scale, ingredients like oil, napkins, potatoes and cement to finish her locale.

One of Clara’s goals is to finish building her locale, install her equipment and tend to customers and also to work alongside her husband and her son in order to earn higher income to provide better well-being for the family.

Clara lives with her husband and 24-year-old son. Her dream on a work level is to have her locale ready as soon as possible and to work together with her family. She’s very happy with and grateful for the opportunity provided by Fondo Esperanza to invest in her business and she also feels very comfortable in her group.

Colina is a commune in the metropolitan region of Santiago (Capital of Chile) located in the northern sector. It’s currently seat of important investments, especially in the industrial sector because large, important firms have settled here which provide a large number of employment opportunities for the community. It’s also an area that’s been subdivided for housing which has contributed significantly to the increase in the number of residents. It also has places that are attractive to tourism like thermal spas, sports in Piedra Roja Lagoon and mountaineering.

In this group: Clara, David, Lucia, Patricia, Carolina, Isabel, Zoila, Luis, Damaris, Patricia, Maria, Erica, Cesar, Olivia, Veronica, Jose
*not pictured

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Translated from Spanish by Kiva volunteer Polliz

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