A loan of $5,975 helped a member to buy charcoal and sunflower seeds.


El Exito Group's story

This communal bank is called "El Éxito" ("Success"). It is made up of 19 entrepreneurs who work in different fields, such as fast food, clothing, home goods, and jewelry sales, baking, knitting, and services, among others. All of the entrepreneurs belong to the city of Linares.

Maria is a member of the communal bank. In the photo above, she stands fifth from the left and is wearing a white vest and green shirt, with her dark brown hair tied up.

She has been working in charcoal sales for the past four years. She also sells sunflower seeds and ice cream. She has a small business in her house and works from Monday to Sunday. She arranges her schedule according to her availability.

She buys the merchandise and supplies she needs from a business in front of her house at a low cost, so that it is financially convenient.

With this loan, she will buy charcoal and sunflower seeds.

One of Maria's goals is to continue in this field and grow daily, in order to generate more income and have a better quality of life. She lives with her husband and her two children, ages 14 and 22. Her dream on the business level is to grow her business and sell other types of merchandise in addition to what she currently sells. In terms of her family, her dream is to provide a good living for her family.

She is very happy and grateful for the opportunity to invest in her business which has been granted to her by Fondo Esperanza. She also feels very comfortable with the group, because they are united.

Linares is an important urban center in the region of Maule, located in the central area of the country. In this area, agricultural production is very important, as well as wine growing, especially for export. Some important crops are grains (rice, wheat, corn, and oats), vegetables (beets, cabbage, lettuce, chard, and legumes), and fruit. Linares is the main province for the production of rice in Chile. In fact, 78% of the national rice production takes place in this province, especially in the town of Parral.

In this group: Maria, Daillana, Cecilia, Hugo, Maria, Erika, Maria, Cristian, Manuel, Maria, Angela, Maria, Patricia, Gabriela, Aurelio, Paula, Victoria, Ximena, Paloma

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Translated from Spanish by Kiva volunteer Amy Volz



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