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A loan of $6,725 helped a member to buy wool.

Manitos Magicas Group's story

This communal bank is called “Manitos Mágicas” (Magic Hands), and is made up of 18 entrepreneurs who work in various sectors, including selling fruit and vegetables, jewelry, clothing, pastries, a hair salon and other services. They are all from the Chiguayante commune, located in the city of Concepción.

Katty belongs to the comunal bank and is the chairperson. In the photo she is seen in the box at the upper left. She works in the woven handicraft sector and has run her business for seven years. She works Mondays to Friday. She is the one who sometimes goes to visit her customers' homes.

She buys the merchandise she needs in the city of Concepción, and other times in the city of Puerto Montt. With the loan she will buy wool. Her business goals are to have her own shop for better serving her clientele.

Katty lives with her husband and her four children, and one of her dreams is to fulfill herself as a woman and to give her children a very good education.

She is very happy and grateful for the opportunity that Fondo Esperanza has offered her, as it has allowed her to invest in her business. As well, she feels very comfortable in the company of the other entrepreneurs in the communal bank group, as they share various activities and interests. It has also served as an enjoyable activity for her. With the training provided in the meetings she has learned to run her business better.

Chiguayante is a commune located in the south of Chile, near the city of Concepción, in Biobío region. Its name comes from mapudungun (mapuche language) and means “sun through mist". Due to its mountainous surroundings it has a temperate maritime climate. Its economic activity is mainly commercial.

Chiguayante had been created as a commune in 1925, but for various reasons it later joined with Concepción. Its existence in that period lasted less than two years. In 1996 it was again created as a commune, and remains so to the present day.

In this group: Katty, Beatriz, Cecilia, Agustina, Honoria, Marcela, Marcela, Jessica, Nancy, Carmen, Ingrid, Hilda, Hilda, Henilde, Sandra, Maria, Isabel, Laura

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Translated from Spanish by Kiva volunteer Jeff Goldie

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