A loan of $4,650 helped a member to buy a percentage more of newspapers, ice creams and candies.

Dama Y Obrero Group's story

This Communal Bank is called "Ladies and Workers" and is made up of 20 entrepreneurs who work in different fields. Among them are the following: Handicrafts, school transport, honey sales, fast food, clothing sales, beauty products, firewood, knick-knacks, hair-dressers, weaving, sewing drapes and tablecloths, sewing in general, and other services. All of the members live in the city of Puerto Montt.

Maria Teresa is one of the members of the Communal Bank. In the photo she can be found standing in the first row in the first place looking from left to right, and dressed in a red colored vest and a grey jacket with brown clear fringes. Her hair is dark brown and she wears it loose.

She works in a kiosk and has been doing this for 9 years. She comments that she works from Monday to Monday beginning at 9am and working until midnight. She sells daily papers, magazines, ice cream, candies, and soft drinks.

The products that she needs like the papers are brought directly to her kiosk by an agency. The magazines she purchases in the market of Puerto Montt, along with the ice creams, drinks, and candies, which she buys at different supermarkets at a low cost. That makes them convenient economically.

With the loan she will buy one percent more of the newspapers, ice creams and candies.

One of María Teresa's goals is to grow the business and be able to put up another kiosk in another zone, and in that way generate greater income in order to improve her quality of life.

María Teresa lives together with her husband and a 13 year-old son. Her dreams for the family are to give her son the best education so that in the future he will have a profession.

She is very happy and thankful for the opportunity offered by Fondo Esperanza, since it will allow her to invest in her business. With respect to the Communal Banking group that she forms a part of, she comments that in her group they have very good communication. Also, the trainings have helped her learn new strategies for sales and accounting.

Puerto Montt is a city in the south of Chile, located in the region of The Lakes (Los Lagos). Some of the attractions of Puerto Montt are the beautiful green landscapes; It's beaches are very secluded; It is also known for its food, especially the fish and seafood, as well as for its handicrafts. It is also the port of entry to the Island "Grande de Chiloé," which is rich in traditions and legends.

In this group: Maria Teresa, Sonia, Roland, Ingelore, Jacqueline, Gilda, Maria, Letuina, Marcia, Viviana, Veronica, Margarita, Angela, Maria, Elisa, Lorena, Evelyn, Angela, Ana, Corina

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Translated from Spanish by Kiva volunteer Debra McMahon

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