A loan of $4,950 helped a member to buy clothes, and fabrics and patterns in order to make new designs.

Los Microempresarios Group's story

This communal bank called Los Microempresarios has twenty entrepreneurs who work in different fields some of which are hairdressing, cutting firewood, and clothing sales, among others, with all of them located in the city of Temuco.

Diana, who in the photo is at the bottom and middle of the group, is wearing a purple and pink striped scarf. She is a seamstress and her business has done well during her last loan period and now she can invest in her business.

This loan will give her the opportunity to buy clothes, fabrics and patterns in order to make new designs. She also comments that she also works designing an exclusive line of clothing.

Her goal continues to be that of establishing herself in her business in order to open a clothing boutique. Regarding her personal life and especially her dreams to have her own home, Diana is saving money in order to apply for a housing subsidy in order to buy her own house.

Diana is president of the communal bank and is very grateful for the loans granted through Fondo Esperanza, which have allowed her to invest in her business and which has increased her earnings. Furthermore, she says that with the training she has learned how to manage her income better.

Temuco is the capital of the Araucanía region. The city is located 670 kilometers south of Santiago (the capital of Chile). In the surrounding area are a string of lakeside resorts (Pucón, Villarrica) and stunning native flora and fauna, flourishing in the nearby parks. It should be mentioned that 50 percent of the indigenous people known as the Mapuche that exist in the country live in this area.

In this group: Diana, Laura, Roxana, Fernando, Ramón, Arlette, Macarena, Juan, Iris, María, Tatiana, Carola, Margarita, Angelica, Elsa, Nathalie, Rodrigo, Denisse, Pierett, Jimena

Translator profile picture

Translated from Spanish by Kiva volunteer Gail LeGrand

Loan details

Lenders and lending teams

Loan details