A loan of $4,375 helped a member to buy spun yarn and fleece.

Camino Al Mar Group's story

This community bank is called "Camino al Mar" and it is made up of 20 entrepreneurs who work in different fields including handicrafts, selling firewood, selling clothing, processing fleece (sheep skin or wool), etc. All of the bank's members live in the city of Puerto Montt.

Marina is a member of this community bank. She is in the second row of the photo, in the middle. She is smiling, has short hair, and is wearing a coffee-colored sweater. She is in the craft business. In particular, she makes Mapuche [Indian] woven items and knitted items.

Marina has been in this business for one and a half years. She is mainly self taught but has also taken some craft courses in weaving and sewing. She says that it is always good to learn as this means that she is able to continue innovating with exclusive products. She sells her products in a municipal craft fair where she rents a stall and canopy. In addition, her daughter sells her products on the Internet. She says that her peak season is during the summer as this is when there are a lot of tourists and cruises. She buys her merchandise from a small wholesaler's where they specialize in processing yarn. Marina will use her loan to buy spun yarn and fleece.

Marina's goals for her business are to have her own premises which will give her financial stability. Marina lives together with her husband and her two children who are 28 and 16 years old. Her dreams on a personal level are to continue doing well in her business so that she can provide her family with better well-being and a better quality of life.

Marina's motivation to continue making her handicrafts is that she really enjoys what she does. She is very happy and thankful for the services provided by Fondo Esperanza and, above all, for the good service and welcome.

As far as her community bank is concerned, she tells us that it has been a good experience for her and that the other entrepreneurs have been committed to both the group and each of their businesses. The training sessions have helped her to run her business well.

Puerto Montt is a city in the south of Chile, in Los Lagos region. Some of the city's attractions are its beautiful green landscapes, its quiet beaches, its cuisine, the reputation of its fish and seafood, and its handicrafts. It is also an entry point to Isla Grande de Chiloé which is rich in tradition and legends.

In this group: Marina, Nancy, Miriam, Maria, José, Luis, Ximena, Osacar, Luz, Miriam, Graciela, Maria, Olga, Patricia, Maria, Veronica, Yasna, Teresa, Nicole, Liset

Translated from Spanish by Kiva volunteer Linda Oxnard

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