A loan of $3,700 helped a member to buy a mixer, a blender and a kneader.

Los 21 Quemados Group's story

This communal bank is called “Los 21 Quemados” and has 16 entrepreneurs who are in various lines of work among which are: barber shop, bakery, pastry shop, candy sales, metal shop, store, detergent sales, clothing sales, bazaar, soap sales and services, among others. All are from Conchalí commune located in the city of Santiago.

Carolina is bank president and in the photo is standing fifth from left to right wearing black pants and shirt; her hair is dark brown and she’s wearing it gathered up.

She’s been making pastry for six years. She comments that she works at home every day and distributes her schedule according to her availability. For the movement, she works with her husband since he’s saving up money to buy some machinery for his business.

She buys her merchandise and ingredients as needed in places that specialize in selling pastry-making supplies at low cost which is advantageous economically. She will use the loan to buy a mixer, a blender and a kneader.

One of Carolina’s goals is to continue in business and to sell cakes and turnovers at wholesale to earn higher income and be able to opt for a better quality of life.

Carolina lives with her grandmother, mother, aunt, husband and two children who are 7 and 1 year old. Her dream on a personal level is to travel and on a business level is to have a business abroad.

She is very happy and grateful for the opportunity being provided by Fondo Esperanza to invest in her business and she also feels very comfortable in her group because they are very united and they trust each other.

Conchalí is a commune in the Santiago Metropolitan Region (where Santiago, Capital of Chile is located) located in the north part of it. It has a specific industrial neighborhood and many economic activities, small businesses, book fairs, crafts shops, garages and bus terminals, among others. The micro business sector is a big part of its economic activity.

In this group: Carolina, Susana, Carolina, Karina, Camila, Jocelyn, Loreto, Veronica, Hernan, Pedro, Hector, Erika, Felipe, Rosa, Carol, Fabiola

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Translated from Spanish by Kiva volunteer Polliz

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