A loan of $3,750 helped a member to buy ingredients for her baked goods, especially, cookies, decorating products and wrapping.


Lican Rayen Group's story

This communal bank is called "Lican Rayen." It is made up of 19 entrepreneurs who work in different fields, including selling new and second-hand clothing, vegetables, haircare products, cheese, silver jewelry, perfumes, fabrics and fast food. They are all from Temuco city.

Marcela is a member of the communal bank. In the photo she can be seen in the second row, second from the left. Only her face and black jacket are visible.

Marcela works at preparing baked goods, including alfajores (sweet cookies with a filling), kuchen (German-style cakes), brownies, coconut candies, cakes, pastries and tarts. This has been her work for the last three years. She sells her goods to order, and for the last year she has been selling them as a street vendor, outside schools. All her baked goods are sold in portions, but she also caters for larger orders for events. She says that her business is doing very well.

She buys her supplies from a distributor.

She will use the loan to buy ingredients for her baked goods, especially, cookies, decorating products and wrapping, because the independence day holidays are approaching and she has to prepare lots of products.

Her business goals are to establish herself in business premises, so she would like to acquire a kiosk.
Marcela lives with her husband and two children, 12 and 3 years old, who attend school and kindergarten respectively.

Her dreams are to expand her business and have a bakery where she can sell her baked goods.
She is very happy and grateful for the services provided by Kiva Field Partner, Fondo Esperanza, because they have allowed her to invest in her business and come up with new sales strategies. This has also been made possible by the payment facilities offered to entrepreneurs.

Marcela is very comfortable and happy with the communal bank group to which she belongs, as the members have proved themselves to be committed and united.

Temuco is the capital of the Araucanía region. The city is located 670km south of Santiago (the capital of Chile). It is close to a number of lake resorts (Pucón, Villarrica) and there is outstanding native flora and fauna concentrated in nearby nature parks. Note that 50% of Chile's indigenous people, the Mapuche, live in this region.

In this group: Marcela, Eusebia, Viviana, Ingrid, Elisa, Clementina, Carmen Gloria, Adela, Elsa, Pamela, Perla, Erica, Claudia, Andrea, Pamela, María Angelica, María Fidelina, Paola, Priscilla

Translated from Spanish by Kiva volunteer



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