A loan of $4,050 helped a member buy supplies for her artisanal woodwork business.

Newen Domo Group's story

This communal bank is called “Newen Domo” and is comprised of 19 entrepreneurs who are engaged in different fields, including carpentry and baking, among others. All of the members are from the city of Temuco.

Paola, the president of the bank, appears in the third row of the photo, in the second place from right to left. Her hair is brown and is worn up. She is wearing a brown vest and is one of the tallest members of the group. She works in pastries, and also artisanal woodwork. She has worked both jobs for two years. In the first job, she prepares kuchen, cakes and pastries. In the second trade of making handicrafts, she makes decorative trays, boxes, jewelry boxes, and wooden clothes hangers. She buys her ingredients and materials from different distributors and major supermarkets, depending on the price of the products. She also takes care to quote, so that it is economically efficient. She makes her dynamic sales by promoting her products by word of mouth in her inner circle of friends, acquaintances, neighbors and family. She says her busiest season is during summer, when she is able to produce a bigger quantity of products to sell. Her work schedule is Monday through Saturday mornings, which allows her to take care of her children. With the loan she will buy supplies for her woodworking business. One of her business goals is to establish a fixed location in a crafts fair. Paola lives with her husband and three children, ages 9, 5 and 1 years, as well as with her grandmother. One of her dreams is to establish a family business, since her husband is a carpenter, and be able to fuse and compliment each others’ woodwork. All of this is to improve the quality of life for her family. She is very grateful for the help from Fondo Esperanza, since the loan will allow her to invest in her business and reach her proposed goals. She says she feels very comfortable in her communal bank who have taught her to invest and better distribute her earnings.

Temuco is the capital of the Araucanía region. The city is located 670 kilometers south of Santiago, the capital of Chile. The surrounding area contains a number of lake resorts (Pucón, Villarrica) and very striking flora and fauna concentrated in nearby natural parks. Note that this region is inhabited by 50% of the Mapuche indigenous population of the country.

In this group: Paola, Paula, Sandra, Carmen, Yasmin, Herminia, Patricia, Hernan, Sandra, Fabiola, Luisa, María, Alexis, Andrea, Laura, Maribel, María, Lisbety, Juana

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Translated from Spanish by Kiva volunteer Molly Jones

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