A loan of $3,950 helped a member buy products for resale.

Los Sueños Group's story

The Los Suenos community bank has 19 members, all from the Chilean city of Temuco. The members own a range of businesses: selling clothing; making sweaters for sale; hair-dressing; kiosk sales; salad sales; sales of seasonal foods (humitas, empanadas); and confectionery sales.

Sandra is one of the members of the group. She is in the third row, on the left, in the photo, just behind her daughter (22 years old) who is wearing a black coat. Sandra comes from a family of merchants. Her daughter and her mother are also members of Los Suenos. Sandra has a kiosk in her house and she will use most of the loan to buy charge cards for cell phones and cigars. Her goal is to create a business selling "colaciones" (a local snack). Her dream is to establish a family micro-business, possibly a store with her sister, something that would help them get ahead and enjoy a better quality of life.

Sandra very much likes working with Fondo Esperanza because it provides loans at very low interest rates. Temuco is the capital of the region of Araucania. The city is located 670 kilometers south of Santiago (the capital of Chile) near a chain of beautiful lakes. The region boasts a unique environment of plants and animals. Another interesting fact is that 50% of the population of the region is Mapuche, the indigenous people of Chile.

In this group: Susana , Polonia, Avelina , María Inés , Crisse , María Teresa , Axel , Yuri , Karina , Claudia , Francisco , Gisela , María Cristina , Mery , Angely , Sandra , Liboria , Edith , Clementina

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Translated from Spanish by Kiva volunteer Jere Wiseman

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