A loan of $1,975 helped a member purchase coal.

Las Golondrinas Group's story

This Communal Bank is named “Las Golondrinas” (The Swallows) and consists of 13 members who are from the city of Temuco. They engage in different businesses that include baking desserts, sewing, selling clothes, making “humitas” (a traditional dish similar to tamales), and making empanadas.

The member who was interviewed was Blanca, who is the group president. In the photograph, she is standing on the second row to the left, wearing a black jacket and red sweater. She sells fruit, vegetables, and coal from a truck that her husband drives. Blanca wants to invest her loan in coal because it is a good business since the weather is cold. Her dream is to have an established business in her home or at some other location. Blanca has served on several entrepreneurial workshops provided by Fonda Esperanza that help the members better manage their money.

Temuco is the capital of the Araucanía region and is located 670km to the south of Santiago (the capital of Chile). It has several lakeside resorts where the flora and fauna are absolutely striking. Half of the residents of this region are of Mapuche descent, an indigenous people who live in Chile.

In this group: Blanca, Valeria, Nirsa, Margarita, Silvana, Carmen, Pascuala, Juana, Olaya, Zunilda, Marcela, Magdal, Alejandra

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Translated from Spanish by Kiva volunteer Ronan Reodica

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