A loan of $3,325 helped a member to buy merchandise to stock her store.

Los Apachetas Group's story

This communal bank is called “Los Apachetas” and it has 17 entrepreneurs who carry out a variety of businesses, among which are cheese sales, ‘cuchufli’ [traditional Chilean candy] sales, clothing sales, kite sales, shipping services and other services, among others. All of them are from the city of Temuco.

Patricia is the president of this communal bank and in the photo is seated in the first row, second from right to left, wearing a brown jacket, beige cap; her granddaughter is in her lap.

She has been selling groceries for 8 months. She comments that she works together with people form the communal bank. She works every day from 8am until 10pm and her store is located near her house. She buys the things she needs in various supermarkets, supply centers and low-cost street markets which is advantageous economically. She will use the loan to buy lentils, sugar, rice, oil, fried potatoes, candy, notebooks, scissors, glue and underwear to stock her store. One of Patricia’s goals it to be able to enlarge her store to make it more eye-catching and attract more customers since she sells everything.

Patricia lives with her two children who are 26 and 25 years of age. Her work-related dream is to own the machines she uses in her business that she currently leases (meat slicer, freezer) and her goals for her family is to provide them with wellbeing.

She is very happy and grateful for the opportunity Fondo Esperanza is giving her because she’ll be able to invest in her business. With respect to the communal bank she’s a member of, she comments that there is very good communication among them. On the other hand, the training has taught her new sales and bookkeeping strategies.

Temuco is the capital of the Araucanía Region. The city is located 670 kilometers south of Santiago (Capital of Chile). There are several lakeside resorts nearby (Pucón and Villarrica) and it has very flamboyant native flora and fauna concentrated in nearby natural parks. It’s important to point out that 50% of the native Mapuche, indigenous people of Chile, live here.

In this group: Patricia, Nolfa, Felicinda, Damari, Marco, Joel, Jorge, Andrea, Monica, Andrea, Ruth, Angelica, Marisol, Sandra, Pabla, Julia, Gladys

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Translated from Spanish by Kiva volunteer Polliz

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