A loan of $1,525 helped to buy pepper, mustard, and ketchup to stock his business.


Jose's story

Jose is part of the communal bank "Nuestros Inicios", in the city of Temuco.

For the past 5 years he has worked in the sale of food products. He sells his merchandise to his clients by moving about door to door on his tricycle, Mondays through Saturdays following his own schedule and distributing according to his availability. He buys his products in the city of Temuco, from supermarkets and distributors, as these are places where he finds his merchandise at low cost and therefore it is economically convenient. With this loan he will buy pepper, mustard, and ketchup to stock his business.

One of Jose's goals is to buy himself a vehicle in order to move around without problems, avoid the cold during the winter and the heat during the summer, and to comply with all of his clients' orders, which up until now has been going very well.

Jose lives alone. His dream is to prosper with his business, in order to generate greater income and in this way improve his quality of life.

Jose is very happy and grateful for the loan and services provided by Fondo Esperanza. Additionally, he tells us that he feels very comfortable with the meetings and communal bank group, as there is a sense of generosity and unity which serves as motivation for him to continue participating with the institution. He tells us that the trainings provided in the meetings have helped him to better invest in his business.

Temuco is the capital of the region of Araucania. The city is located 670 kilometers to the south of Santiago (the capital of Chile). Nearby there are many lake resorts (Pucon, Villarrica), and there is very attractive native flora and fauna concentrated in natural parks nearby. Also interesting to note is that 50% of the Mapuche people (an indigenous community) present in the country, are inhabitants of this region.

Translated from Spanish by Kiva volunteer Kaitlyn Godfrey



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