A loan of $575 helped to purchase ice cream, cigarettes, and pastry products.


Teccia's story

Teccia is a member of the communal bank named "Newen" in the city of Penco. She sells pastries, tobacco products, and ice cream from a store. She rents this store and it is located in the downtown area of the city of Concepcion. Teccia has been in this business for 7 years. Her sales in general have declined and it is a challenge for her business. The profit she earns from the sale of her products is only enough to purchase her daily merchandise. She purchases her merchandise directly from providers, wholesale markets and distributors. With this loan she will purchase ice cream, cigarettes, and pastry products. Her goal for her business is to supply her store with merchandise. But in order to meet her objective she needs to have greater income with which to reinvest. Teccia lives with one of her aunts and her eldest sister. She sent her nieces and nephews to school when her sister changed address. Her dream is to travel and to see other countries (cities and countries outside of Chile). Her motivation to keep up her business rests on helping her nieces and nephews socio-economically. Teccia is very happy and very thankful for the loan and for the support granted to her by Fondo Esperanza (Kiva Field Partner). She has also gotten to know very friend people through the meetings and she has been able to share experiences. With respect to the training provided at each meeting it has helped her reinforce her knowledge of sales. She has managed to successfully integrate this knowledge into the management and operation of her business. Penco is a nearby community to the city of Concepcion in southern Chile, in the region of Biobio. The name comes from the Mapudungun language, meaning "Peumo water". (Peumo is a tree native to Chile). It is one of the largest communities in the region, having industrial centers and a sea port.

Translated from Spanish by Kiva volunteer



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