A loan of $4,925 helped a member to buy ingredients to prepare her confectionery products.

El Salto De Pailahueque Group's story

This communal bank, called "El Salto de Pailahueque", is made up of 18 entrepreneurs who make a living in different fields among which crafting, dressmaking, painting, and food preparation, among others, can be found. They are all from the city of Temuco.

In the photo, Irma can be found in the first row, second spot from the right, wearing a beige short-sleeved shirt. Her hair is short and copper-colored. She makes a living in the confectionery field, specifically in the production of cakes and pastries of different flavors and sizes. She has worked in this field for 12 years, and says she took a course in a group which included her at that time. She says that she has equipped a small place in her house so that she can prepare her products; nevertheless, she still cannot use it to sell directly to her clients because she still needs to obtain the health permit, which she will receive this year. For now she only sells by asking door to door. She buys her ingredients in wholesale supermarkets every three months. With the loan she will buy ingredients to prepare her confectionery products. One of her goals is to formalize her location and business in order to sell directly to her clients.

Irma lives with her husband who is retired, and also with her 20 year old son who studies psychology. One of her dreams in her personal life is to travel or spend a few days of relaxation in some thermal baths (baths of hot mineral water). She is very happy and grateful for the opportunity offered by Fondo Esperanza since it will allow her to invest in her business. Furthermore, she feels very comfortable participating with the other entrepreneurs since it is a good, united, and committed group. With regard to the training, she says it has bettered her business through accounting strategies and organization.

Temuco is the capital of the Araucanía region. The city is located 670 kilometers south of Santiago (the capital of Chile). In its surrounding areas there are a series of lake resorts (Pucón, Villarrica) and very colorful native flora and fauna concentrated in nearby nature parks. It's worth pointing out that 50% of the Mapuches, an indigenous people that live in our country, live in this region.

In this group: Irma, Olga, Elsa, Mario, Guillermo, Flor, Luis, Alejandra, María Elena, Isabel, Danexa, Soledad, Regina, Daniela, Mireya, Iris, Elizabeth, Prosperina

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Translated from Spanish by Kiva volunteer Stephanie Sawyer

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