A loan of $2,525 helped a member to buy a freezer.

Las Farkas Group's story

This communal bank is called “Las Farkas” and it has 15 entrepreneurs who are in a variety of lines of work among which are: Internet access service, room rentals, street merchants, toy sales, clothes sales, sausage sales, perfume sales, vegetable sales and services, among others. All are from the city of Puerto Montt.

Marcia, a communal bank member, appears standing in the rear of the group in the photo; she’s fourth from right to left with her hair gathered up.

She’s been a merchant for the last five years. She comments that she set aside space at home for her store and to take care of customers. She sells a little bit of everything: soft-drinks, meats, dairy products, cakes, pies and assorted merchandise. She opens at 9:30 am and closes at 11pm.

She buys the merchandise she needs in various supermarkets and suppliers where she finds the merchandise at low cost which is advantageous economically. She will use the loan to buy a freezer.

One of Marcia’s goals is to grow day to day and that the business continues growing and to attract more customers in order to generate higher income and good family well-being. Marcia lives with her husband and two children who are 20 and 10 years of age. Her dream for her family is to go on a family trip.

She is very happy and grateful to Fondo Esperanza because it has given her the opportunity to invest and surge forward in her business. Marcia has a very good relationship with the group members. She’s been able to integrate everything she’s learned in the training courses into her store’s sales.

Puerto Montt is a city in southern Chile located in the Los Lagos Region. One of Puerto Montt’s attractions are its beautiful green scenery, its almost deserted beaches, its cuisine especially fish and seafood and its crafts. It’s also the entryway to the Great Island of Chiloé which is rich in tradition and legends.

In this group: Marcia, Yarela, Luisa, Paulina, Blanca, Guillermina, Catherine, Yoana, Priscila, Blanca, Nelly, Maria, Ximena, Palmenia, Natacha

Translator profile picture

Translated from Spanish by Kiva volunteer Polliz

Loan details

Lenders and lending teams

Loan details