1st Female Winemaker In Argentina Survived Major Scam And Husband’s Depression To Build Successful Winery

[ad_1]

It was a mountain of difficulties that would break many people – a mother with a 2-year-old girl and a 4-year-old boy struggling daily to place food on the table during a time of hyperinflation in Argentina, witnessing her husband’s clinical depression spiraling out of control. She had moved her family from her husband’s hometown of Salta, in Argentina, to her family’s hometown of Mendoza as she hadn’t been paid for almost a year at the Salta winery where she was employed. Since she was the only one able to work, she reached out to her father for a loan and moved back home to work for her parents. Depression was not understood back in the 1980s and even though she knew her husband was paralyzed by his mental illness, her family only saw him as lazy and not living up to his responsibilities. It was already like “climbing Mount Everest” to be upheaved from the only home he had ever known but further humiliation by his illness not being recognized threw him into the darkest mental hole his wife had ever witnessed.

She decided that the only way to protect her husband while also providing for her family was to stop working for her parents and to open her own winery, so out of desperation, they sold everything: apartment, car, tractor, cows and with the addition of a loan from her brother-in-law, she was able to gather $40,000 to buy an old winery. And because of her Italian heritage, she secured a loan from the Italian government that assisted small businesses which allowed her to purchase the newest technology. She was very aware that Argentina was behind the times when it came to modern winery equipment as she had worked several harvests in California early in her career, during Argentina’s off-season.

This woman, Susana Balbo, ended up starting her own winery, twice, helping to bring better practices and treatments into Argentina’s wine world, assisting other smaller wineries to establish export markets and revolutionizing the white wine Torrontés by unlocking its elegance and making stellar Malbec red wines. All of this would be extremely impressive on its own but considering that Susana had to come back from having nothing twice, while taking care of her husband and children, as well as accomplishing all of these milestones, makes her journey that much more extraordinary.

Wiped Out By Scam

Once Susana started her first winery, around 1990, her family found some breathing room by selling 5,000 cases domestically. It was not a lot of money but enough to get by, so they didn’t have to worry about ending up on the street and it was worth it to create a mentally healthier environment for her husband. Since insurance was always needed regarding covering payments to suppliers, Susana got a type of business insurance that covered money lost if she didn’t get paid by a customer. And so, when a business organization came along and said that they would need 25,000 cases during summer months because all the restaurants and supermarkets they own on the coast would sell a lot during that time, she knew she could take the gamble of laying out a tremendous amount of money to significantly gear up her production as she had the insurance to protect herself.

The company agreed to pay her in installments of eight checks after each delivery yet after not receiving both the first and second checks, she contacted her agent at the insurance company and he said that she could not claim the money to cover her loss of revenue until after the eighth check wasn’t received. After she delivered all eight shipments and did not receive any of the eight payments, she called the insurance company and to her dismay, was told that no such insurance exists in Argentina (even though it did in other countries), so the policy was non-existent. Her agent no longer worked there and had only been employed at the company for four months. She ended up selling her winery to pay back her suppliers and swore she would never have her own business again.



[ad_2]

Source link