A loan of $2,875 helped a member to purchase baking supplies and ingredients.


Mirar Al Futuro Dichato Group's story

Noelia is a member of the Communal Bank “Mirar al Futuro Dichato” (Look to the Future – Dichato), which consists of 18 entrepreneurs who work in activities such as making crafts, baking, and cooking. They live in the city of Tomé.

Noelia, who appears in the top corner photo, works as a baker. Specifically she makes cakes, cream puffs, and whole grain bread. She started this business in her home five years ago. Her regular customers are her neighbors who come to her house to place orders. However, she also sells baked goods door-to-door so that she can generate publicity for her business. Noelia buys all of her baking ingredients from the wholesale supermarket since the prices are cheaper. She works alone in her business, but she also gets help from her daughters (ages 18 and 10) who clean the used cooking utensils. With this loan, Noelia will buy supplies and ingredients for her business, specifically a cylinder of natural gas, flour, flaxseed, sugar, pastry cream, butter, and other products.

Noelia dreams of having a shop in her home where she can display the goods that she prepares so that she can be recognized for her baking. In this manner, she hopes to generate income to help her obtain a better quality of life. Her motivation to continue her business stems from her love of desserts. She also likes having income to cover the household expenses and the university studies of her oldest daughter. Noelia is extremely grateful to Fondo Esperanza. She enjoys attending the meetings because of the communication, friendship, loyalty, and trust that she has developed with the other entrepreneurs in her group. This explains why the other members selected her to be the president of the Communal Bank. The funding she has received from Fondo Esperanza has been a great help to her business since she is able to invest more and increase her earnings.

Tomé is a community in southern Chile, located near the city of Concepción in Bíobío region. The local economy is sustained primarily by the textile industry, which has its origins in the late nineteenth century. These factories produced wool cloth. The Bellavista Oveja Factory in Tomé shut down in 2007, creating high unemployment which has since been eased by new business activities.

In this group: Noelia, Ana , Myriam, Susana, Gabriela , Emilia , Yesenia, Valeria , María , Ana , Clara , Elianira , Susana, Beatriz, Tatiana, Constanza, Angela , Marta
*not pictured

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Translated from Spanish by Kiva volunteer Ronan Reodica



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