A loan of $3,425 helped a member to buy stakes and wire.

Produciendo Esperanza Group's story

This communal bank is called “Produciendo Esperanzas” (Producing Hopes) and it has 17 entrepreneurs who are in a variety of lines of work like crafts, turnover sales, chocolate shop, cream sales, honey sales, marmalade sales and services, among others. All of them are from the city of Temuco.

Myriam is group delegate and in the photo appears standing in the last row, fifth from left to right wearing a black jacket. Her hair is curly, dark brown and she wears it loose. She’s been selling marmalade for five months. She comments that she works making marmalade Wednesdays. On Mondays, Tuesdays, Thursdays and Fridays she works in her orchard located at home; sometimes she also works weekends depending on demand for marmalade. She prepares the marmalade at a school and her work schedule is according to her availability.

She buys the supplies and ingredients she needs in hardware stores because she needs wire for the fruit; she also buys at supermarkets at low cost which is advantageous economically. She will use the loan to buy wire and stakes to prepare the fruit for marmalade production. One of Myriam’s goals is to surge forward in her line of work and to attain a good level of marmalade production and more customers. Myriam lives with her mother, 24-year-old niece and 17-year-old daughter who is attending school. Her dream at the family level is to have a house of her own and to give her daughter good wellbeing.

She is very happy and grateful for the opportunity Fondo Esperanza has given her to invest in her business. She also feels very comfortable in the group she participates in because they are united; there is respect and trust among them. With respect to the training provided at the meetings, she’s learned how to manage her business better.

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, Villarrica) and very eye-catching flora and fauna concentrated in nearby natural parks. It’s worth noting that 50% of the Mapuche indigenous population existing in the country lives in this region.

In this group: Myriam, Claudia, Mabel, Blanca, Monica, Liliana, Iris, Ana, Marta, Margarita, Marta, Luz, Maria, Lina, Maria, Vania, Nancy

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Translated from Spanish by Kiva volunteer Polliz

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