A loan of $3,850 helped a member to buy merchandise to stock her store.

Los Poetas Group's story

This communal bank is called “Los Postes” and is made up of 18 entrepreneurs who work in different fields, such as transporting fruits and vegetables, barber, toiletries sales, clothing sales, and slot machine management. All of them live in the city of Temuco.

Macarena, shown with dark hair, a beige jacket, and jewelry in the photograph and who is standing in the middle of the first row, sells groceries, drinks, and milk products in a small store. She’s been working in this line of business for six months and does it from a rented location. She tells us that things have gone well since she began her business.

She will use the money from this loan to buy merchandise to stock her store. Her goals are to continue with her business so that she can increase her income and invest in her own dreams.

Macarena lives with her grandparents and uncle. She hopes to get her own home, so she applied to the housing authority.

She is very happy and grateful about the loan granted through Fondo Esperanza. She is an active participant in the meetings and is president of the communal bank to which she belongs. She has a good relationship with the other members of the group and supports them in their activities.

Temuco is the capitol of the Araucanía region, and the city is located 670 km south of Santiago (capitol of Chile). It is surrounded by lake spas (Pucón, Villarrica) and some very attractive flora and fauna in the nearby parks. 50% of the Mapuche indigenous people, native to the country, live in this region.

In this group: Macarena, Fabiola, Cristina, Margareth, Sandra, Angelica, Luisa, Patricia, Jessica, Elizabeth, Deisy, Antonella, Carlos, Cristian, Walda, José Luis, Margarita, Silvia

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Translated from Spanish by Kiva volunteer Hugo Reyes

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