A loan of $3,900 helped a member to buy silver- and gold-plated jewelry.

Los Copihues De Malleco Group's story

The “Los Copihues de Malleco” community bank has 18 members who mainly work in sales, selling clothes. They are all from the city of Temuco.

Rodrigo is the man on the far right of the photo who is standing on a chair. He is wearing a coffee-colored jacket. His business is selling gold- and silver-plated jewelry. He buys his merchandise from a jewelry distributor in the city of Temuco who sells wholesale. This is financially convenient for Rodrigo. He has been in this field for five years and makes his sales door to door. He has quite a lot of customers and things are going very well. His goals for his business are to set himself up in some premises and start a jewelry store where he can sell his jewelry wholesale and retail.

Rodrigo lives with his wife and 5 year-old daughter who is in kindergarten. He says that his dream is to go on holiday with his family so that they can relax.

Fondo Esperanza have been a great source of support as Rodrigo did not have the capital he needed to invest in his business. The capital has helped him to make more income. For this reason, he is very grateful. The training sessions have been useful in helping him to record his incomings and outgoings. The community bank to which he belongs is very organized and united.

Temuco is the capital of Araucanía region. The city is located 670km to the south of Santiago (the capital of Chile). There are a series of lakeside resorts in the surrounding area (Pucón, Villarrica) and very striking native flora and fauna can be found in nearby nature reserves. 50% of the Mapuche (indigenous people) in our country live in this region.

In this group: Rodrigo, Juan, Nataly, Sandra, Angela, Margarita, Andrés, Fresia, Elizabeth, Segundo, Eulalia, Elsa, Mónica, Quela, Vilma, Domingo, Jacqueline, Roberto

Translated from Spanish by Kiva volunteer Linda Oxnard

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