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Estrellita Group
In this Group: Manuel , Albina, Elsa , Patricio , María Flor , Carolina , María Alicia , Héctor , María Raquel , Claudia , Magali , Carmen , Jacqueline , Anita , Mónica , Cecilia , Paulina
This communal bank is called "Estrellita" and is maD. up of 17 members. They are from the city of Talca and they have businesses selling new and used clothing, making uniforms and bathing suits, making handcrafted earrings and accessories, selling food according to the season of the year, and selling hot dogs and pastries.

Claudia is the secretary of the communal bank, in the photograph she is found in the center of the last row, on the left siD. of the man who is seen in the blue shirt. She sells underwear for men, women and children. In addition, she works in food handling for an institution. Claudia joined the Fondo Esperanza after separating from her husband, and she tells us that for her this meant new hope for a better quality of life. She has 2 children, who are 17 and 15 years old. She is motivated to work hard for her children, as well as her own personal development, since this year she is beginning to study social work at a local college. Her dreams are to have her own house, since she now lives with a relative, and to have a business in her home. Claudia will use this loan to buy clothing for the coming fall season, such as, for example, vests and long sleeved shirts.

Talca is in the Maule region, located in the central area of the country. The majority of the population lives in the rural areas, and they work principally in economic activities found in the countrysiD.. This area is known for its beautiful handicrafts and colonial architecture. The main attractions are the flora, fauna and vineyards. In spite of the fact that the workforce has increased, this region continues to be, according to the last census, one of the poorest in the country.
View original language description ↓
Este banco comunal es llamado “Estrellita” y se conforma por 17 socios. Ellos son D. L. ciudad D. Talca y se dedican principalmente a negocios D. venta D. ropa nueva y usada, confección D. uniformes y ropa D. baño, fabricación D. artesanías en aros y accesorios, venta D. alimentos según L. época del año, venta D. hot dogs y repostería.
Claudia es L. secretaria del banco comunal, en L. foto se encuentra por el centro al final, al lado izquierdo del hombre que viste polera celeste. ElL. venD. ropa interior D. hombre, mujer y niño. Además trabaja en manipulación D. alimentos en una institución. Claudia se unió a Fondo Esperanza, luego D. separarse D. su esposo, y nos comenta que para elL. esto significó una nueva esperanza para una mejor calidad vida. Tiene 2 hijos, D. 17 y 5 años. Su motivación son sus hijos y su propia realización personal, ya que este año comienza a estudiar técnico en asistencia social. Sus sueños son tener una casa propia, ya que ahora vive D. allegada, y tener un negocio en su misma casa. Claudia invertirá este préstamo en ropa para L. época que se aproxima (otoño), como por ejemplo chalecos y poleras manga larga.
Talca pertenece a L. región del Maule, ubicada en L. zona centro del país. L. mayor parte D. L. población habita en el sector rural, L. cual se dedica principalmente a las actividades económicas propias del campo. Se caracteriza por su hermosa artesanía y arquitectura colonial. Sus principales atracciones son L. flora, L. fauna, y sus viñedos. A pesar que L. fuerza D. trabajo se ha incrementado, esta región sigue siendo, según el último censo, una D. las más pobres del país.

Additional Information

About Fondo Esperanza

Fondo Esperanza (FE) is a private non-profit organization that supports entrepreneurship by providing micro-credit and training to people living in poverty in well over 100 cities throughout Chile. By providing these services, FE aims to improve the living conditions of the entrepreneurs and their families. In 2010, FE provided loans to more than 41,000 entrepreneurs. It utilizes a communal banking model in which groups of 18 to 25 clients meet on regularly and guarantee each other’s loans. The members use their portion of the loan to create or expand their own businesses. In the group meetings, clients receive training though the FE Entrepreneurship School, which enhances clients’ personal and business skills and ability to work in groups.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Chile

  • $14,900
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,587,775
    Funds lent in using Kiva
  • 541.8
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Estrellita Group's $3,150 loan helped a member to buy merchandise (fall clothing).
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 9, 2010
Listed
Feb 10, 2010
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2010