A loan of $4,650 helped a member to buy fabrics, thread, wool and needles.

Yiret Group's story

This communal bank is called “Yiret”. It is made up of 21 entrepreneurs who work in different areas. Among them are selling firewood, selling cheese, selling meals and empanadas, a mechanic's garage, selling clothes, and selling fast foods, as well as services. They are all from the city of Villarrica.

Fabiola is a member of the communal bank. In the photo she is in the front row first from the right. She is wearing a dark gray vest, gray boots, and carrying a purse. Her hair is dark brown. long and loose.

She has been a seamstress for 4 months. She works from home making cushions and whatever her customers order. She also does weaving. Her daily schedule varies according to availability.She buys the materials she needs for her sewing at locales and distributors where she finds fabrics and wool at a low cost, therefore it is good for her financially.

With the loan, she will buy fabric, thread, wool and needles. One of Fabiola's goals is to continue with her business to generate more income and have a better quality of life. Fabiola lives with her husband and her three children, 13, 10 and 6. All of them are in school.

She is very happy and grateful for the opportunity offered by Fondo Esperanza, because it will allow her to invest in her business. In regards to the communal bank she belongs to, she says that there is very good communication there. The trainings have been useful for her to learn new strategies for selling and accounting.

Villarrica is a city in southern Chile, located in the Araucanía region. It is a small city, but has all of the basic services and tourist attractions. It is one of the main cities in the mountain region as well as one of the main tourist attractions along with Pucón. During the summer, there are many activities and cultural, art and sports events. There is also a lot of eco-tourism, adventure tourism and ethno-tourism.

In this group: Fabiola , Richard, Ingrid, Ricardo, Karenn, German, Nancy, Maria , Carolina, Aurelia, Maria Teresa, Evelyn, Hugo, Irma, Lidia, Luz, Mabel, Roxana, Pamela, Adelaida, Luisa

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Translated from Spanish by Kiva volunteer Ellen Donohue

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