A loan of $2,950 helped a member purchasing charcoal and pineapples.

Nueva Vida Group's story

The “Nueva Vida” ("New Life") communal bank has a total of 19 members. They live in the community of Labranza, near the city of Temuco. The most common businesses in the group are pastry-making, selling tortillas, selling new and used clothing, selling jewelry, making photocopies and running a bazaar.

Marianela is the president of this communal bank. In the photo, she is in the 2nd row, dressed in a sky-blue blouse, with her arms open. Her business is buying and selling charcoal, which she sells out of her home. She has 2 adolescent children. Marianela will invest this loan in buying charcoal as well as pineapples to sell, and in remodeling the roof of her storage room, so that her products do not get wet. Her dream is to have a permanent store in her home. Her great motivation is to provide her children with economic stability and a good education, so that they will not lack the necessities in the future.

One of the things Marianela enjoys very much about working with the Fondo Esperanza (Hope Fund) are the entrepreneurial training workshops provided by the Fund.

Temuco is the capital of the Araucanía Region. The city lies 670 kilometers south of Santiago (Chile's capital) and has a number of lakeside beaches and very striking native flora and fauna. Another noteworthy fact about the area is that 50% of Chile's Mapuche people, an indigenous group, live there.

In this group: Marianela , Ana , Becsabel , Claudia , Verónica, Nolvia , Maricela , Eliana, Erica , Ingrid , Macarena , Sandra , Ana , Marianela , Morelia , Ruth , Sandra , Gabriela , Lorena

Translator profile picture

Translated from Spanish by Kiva volunteer Patricia Linderman

Loan details

Lenders and lending teams

Loan details