A loan of $3,075 helped a member purchase wool for her fabrics and knits..


Ruka Rayen Group's story

This communal bank is called “Ruka Rayen”. It is made up of 18 entrepreneurs that work in different professions, mainly wood and fiber crafts. They all live in the city of Temuco.

Miriam is a member of the communal bank and is located standing in the middle of the front row. She is wearing a beige jacket and has short, wavy hair.

She has been working as an artisan for 30 years, specifically in wood carving and woolen fabrics and knits. She usually buys her materials at a market in the city of Cauquenes. There she buys wool, wood and tools. She says that she has a large number of customers that she knows. She makes her sales during the year from her house, but during the summer season she sets up and sells her products at a craft fair located in a municipal gymnasium.

With the loan she will buy wool for her knits and fabrics. Her goal is to have an established local for her business in a tourist area where she can offer and sell her crafts year-round.

Miriam lives with her husband and three children, ages 22, 20 and 7. Her older children work in a dependent manner. She would have liked to have studied for a career in business administration, but she says that now it is too complicated as she has to work. She is motivated to continue working at her business as her income helps her family and will allow her to give her children a better quality of life.

She is very happy and grateful for the services that Fondo Esperanza has given her, especially the loan, since it has helped her to invest in her business. She says that the group relationship is good since they are very supportive and committed to the other entrepreneurs and the training has helped her to allocate her income.

Temuco is the capital of the region of Araucanía. The city is located 670 km to the south of Santiago (the capital of Chile). There are a series of lakeside resorts located on the outskirts (Pucón, Villarrica) and very striking native flora and fauna concentrated in the nature reserves nearby. It is also worth noting that 50% of the Mapuche, indigenous people, that exist in our country live in this region.

In this group: Mirian, Nancy, Juana, Ruth, Patricia, Marisol, Mirian, Veronica, Valeria, Juan, Maritza, Filomena, María, Veronica, Patricia, María Inés, Ruth, Carolina
*not pictured

Translated from Spanish by Kiva volunteer



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