A loan of $3,075 helped a member to buy wool for knitting.

Artesanias Del Sur Group's story

This Communal Bank is called “Artesanías del Sur” (Crafts of the South) and consists of 18 entrepreneurs who engage in different businesses such as making knitted crafts, woodworking, selling perfumes, and other activities. All of them are from the city of Puerto Montt.

Gladys is a member of this Communal Bank group. In the photograph, she is on the first row. Gladys is kneeling, wearing a black jacket and jeans, and holding a document and a mobile phone in her hands. She is in the craft business, specifically making knitted items such as scarves, hats, clothes, and other items. Gladys also sells crafts made of wood and leather. She rents a shop in Angelmó (an area known for its artisan fairs and being frequented by tourists). Gladys has been working in this field for 25 years and inherited this business from her mother. Her materials are purchased from different islands in southern Chile. She will use this loan to purchase wool for knitting so that she can take advantage of the season when there is much higher demand as a result of tourism. This period is from November to February.

Gladys says that throughout most of her life she has been able to achieve many goals in her business. She lives with her husband and her 29-year-old daughter who is in the same line of work. Gladys says that all of the members of her family are merchants. Her dreams on a personal level include expanding her house. She is very pleased and grateful for the services provided by Fondo Esperanza. With respect to her group, she says that the meetings have helped her get to know the other entrepreneurs and they have already bonded.

Puerto Montt is a city in southern Chile that is located in the region of Los Lagos. The attractions of Puerto Montt include its beautiful green vistas, but there is little activity on its beaches. The cuisine is well-known for its fish and seafood. The local handicrafts also have a reputation. Puerto Montt also serves as the gateway to Isla Grande de Chiloé, which is rich in traditions and legends.

In this group: Gladys, María Elena, Gastón, Josefina, Jessica, Carmen, Lidia, Yessica, Jacqueline, Lilian, Elsa, Mirta, Shirley, Rita, María Eugenia, Edith, Daniela, Emilio

Translator profile picture

Translated from Spanish by Kiva volunteer Ronan Reodica

Loan details

Lenders and lending teams

Loan details