Ismael Maturana and his company Tecnoseal is one of 20 companies benefiting from the Emerge Programme
In 2004, Chilean entrepreneur Ismael Maturana started Tecnoseal,
a small company that manufactures and maintains hydraulic and
pneumatic components for machinery.
With the help of a micro-loan from Chilean government
organisation FOSIS, Ismael was able to grow his business. By 2006,
he had more than 30 clients, invested in new machinery and created
three new jobs in Antofagasta, in the north of Chile, where he is
Then his business faced a new challenge. To become a supplier to
the mining industry, he needed to take the next step up. Ismael had
the capacity and expertise to do this, but he needed the money and
a clear business plan to succeed.
And that is where Anglo American Chile comes in.
In 2007, Anglo American Chile's new small and medium-sized
enterprise (SME) development project, the Emerge Programme,
invested $30,000 in Ismael's business and provided him with
hands-on management and business planning support.
Tecnoseal is one of 20 companies that is benefiting from Emerge,
which has been inspired by Anglo Zimele, our successful SME
development programme in South Africa, but tailored to meet the
specific social and economic needs of Chile.
It was through the SEAT process - where Anglo American
operations talk to local stakeholders about their perceptions of
the company and its impact on their communities - that our Chilean
operations first realised the potential for a small business
To support business development in the poorest sectors of the
communities around their operations, Anglo Chile also formed a new
alliance with non-profit organisation (NPO) Fondo Esperanza, which
provides micro-credit for more than 10,000 clients in Chile using
the Nobel-prize winning Yunus method of community banking.
Between now and 2010, it has agreed to extend its activities to
communities around our Chilean operations, making small business
loans available to 6,000 entrepreneurs living near Las Tortolas,
Chagres, El Soldado, Mantoverde and Mantos Blancos.