Funded

Total loan: $6,325
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El Remolino Group

Chile
Quilicura, Chile / Retail

A loan of $6,325 helped a member to buy Christmas items and packaging products.


El Remolino Group's story

This communal bank, El Remolino, is made up of 21 entrepreneurs who make a living in various businesses, including market stall, clothing sales, toy sales, lingerie, vegetable sales, household items sales, services, and other areas. All are from the community of Quilicura in the city of Santiago.

Jacqueline is the president of the communal bank group. In the photograph she's seated in the first row, the first from the left, wearing a black-and-white shirt. Her hair is dark brown and she's wearing it back with sunglasses on her head.

She has made a living in the open-air market and packaging business for two years. She says she sets up her stall in an open-air market, selling everything to her customers. She works Friday, Saturday, and Sunday according to her availability. She buys the merchandise and supplies she needs in the city of Santiago, where she finds a wide variety of articles and novelties at economically advantageous low costs.

With the loan she'll buy Christmas items and packaging products.

One of Jacqueline's goals is to grow and always have current merchandise to sell to her customers so she can generate greater income and have a better quality of life.

Jacqueline lives with her husband and her children, ages 10 and 9. Her dream for her family is to have her own house to give her children a good home; for work, to continue with her job and grow every day.

She's very grateful for and happy about this opportunity from Fondo Esperanza because it lets her invest in her business. She says the trainings have been fundamental for her business as well as her personal development because she has learned to better organize and distribute her income and investments.

Quilicura is a commune in the capital of Chile, located in the far northeast part of the metropolitan region. The origin of the name is from Mapudungun (the Mapuche language): "kila" 'three' and "kura" 'rock.' So the name Quilicura means "Three Rocks," the name given by the first inhabitants of this valley to the three hills that are perfectly visible.

In this group: Jacqueline, Luis, Rosa, Edith, William, Katherine, Claudia, Oscar, Laura, Solange, Lilian, Karen, Jose, Claudia, Jacqueline, Catherine, Paola, Nancy, Pamela, Maria, Rosa
*not pictured

Translator profile picture

Translated from Spanish by Kiva volunteer Catharine Wall



Loan details

Loan length:

5 months
Disbursed date: December 7, 2012
Facilitated by Field Partner: Fondo Esperanza

Lenders and lending teams



Loan details

Loan length:

5 months
Disbursed date: December 7, 2012
Facilitated by Field Partner: Fondo Esperanza