A loan of $3,925 helped a member buy merchandise for her store; especially cookies, chocolates, juices, and milk, among other products.

Confianza Y Fe Group's story

This communal bank, called “Confidence and Faith,” is composed of 19 entrepreneurs dedicated to different trades. Among them you will find a used clothing merchant, a street vendor, a perfume seller, and a grocer. They all come from the city of Temuco.

Alma, is in the second row in the photo, wearing a blue cap and has short wavy hair, She has been a merchant for 10 years. Specifically, she has a candy store with some game machines. The store is located in her house, which was modified to include her store.

She comments that the business has been doing well and her earnings have served to pay for her children's studies and invest in the candy store. Some time back, she installed glass cases. She buys her merchandise directly from proveyors.

With this loan she will buy merchandise for the candy store, specifically cookies, chocolates, juices, and milk, among other products. Alma's goal is to increase the store's merchandise in order to capture a larger number of customers. To do this, she needs to buy a refrigerator with a freezer to keep ice cream, drinks, and yogurt.

Alma lives with one of her children who hopes to pursue a university career and become a professional.

She is very content and grateful for the aid offered by the Esperanza Fund. Alma is very comfortable with her communal bank group. They carry out activities together and this generates good relations among them. The training sessions have served to better prepare them to run their businesses.

Temuco is the capital of the Araucanian region. The city is located 670 kilometers south of Santiago, the captail of Chile. In the surrounding area there is a series of hot springs (including Pucon, Villarrica) and a very attractive native flora and fauna, concentrated in nature parks nearby. It's worth mentioning that 50% of the regions' residents are Mapuche, an indigenous people of our country.

In this group: Alma, Claudia, María Ivette, Sonia, María Isabel, Elizabeth, Miriam, Nancy, Nelly, Jeanette, María José, Elsa, Nelda, Sandra, José, Nicole, Claudia, María, Tito

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Translated from Spanish by Kiva volunteer Harold Dana Sims, PhD

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