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Jazmines De Los Lagos Group
In this Group: Viviana , Lilian , Francisco Inostroza, Julia , Nelly , Rosa , Marcela , María Angélica , Sergio , América , Rosa , Olga , Sandra , Margarita , Marta
The “Jazmines de los lagos” (Lake Jasmines) Communal Bank consists of 15 members from the community of Los Lagos, located in the city of Angol, an hour and a half from Temuco. For the most part, the members sell fruit, humita (a type of corn cake), French fries, clothing, linens, but some of them paint (houses, rooms, etc.), make clothes, and repair bicycles.

Viviana is president of this communal bank, and in the photo is in the last row to the left, wearing a brown t-shirt. She makes and alters garments and household furnishings. She will use this loan for fabric, thread, needles, and sewing-machine oil, to make furnishings, for example, bathroom sets and curtains. Her dream is to have a business in the center of town, motivated by the wish to cover the cost of studies in social work, which she will begin this year. Viviana has found her work with Fondo Esperanza to be significant, for its business education and team work have benefited her in her personal development.

Temuco is the capital of the Araucania region. The city is located 670 km. south of Santiago (Chile’s capital), and offers lake resorts as well as interesting native flora and fauna. It should be mentioned that 50% of the country’s Mapuches (indigenous people) live in this region.
View original language description ↓
Este banco comunal es llamado “Jazmines de los lagos” y es conformado por 15 socios, pertenecientes a la población de Los lagos, ubicada en la ciudad de Angol, a una hora y media de Temuco. Ellos se dedican principalmente al comercio de frutas, venta de humitas, papas fritas, ropa, lencería, al trabajo de pintor (de casas, piezas, etc.), confección de vestuario y arreglos de bicicletas.

Viviana es la presidenta de este banco comunal, en la foto se ubica en la última fila a la izquierda y viste polera café. Ella hace confección y composturas de ropa y accesorios del hogar en su casa. Invertirá este préstamo en géneros, hilos, agujas y aceite para su máquina de cocer, para fabricar accesorios para el hogar, como por ejemplo juegos de baño y cortinas. Su sueño es tener un negocio en el centro de la ciudad, y su motivación es pagar sus estudios de trabajo social, que empezará este año. Para Viviana ha sido muy importante trabajar con Fondo Esperanza, ya que le ha servido mucho la educación emprendedora que recibe y el trabajo en equipo para su desarrollo personal.

Temuco es la capital de la región de la Araucanía. La ciudad se ubica a 670 kilómetros al sur de Santiago (capital de Chile) y posee una serie de balnearios lacustres y una flora y fauna nativa muy llamativas. Cabe destacar que en esta región habita el 50% de los mapuches, pueblo indígena, existente en nuestro 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
  • $2,637,700
    Funds lent in using Kiva
  • 529.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Jazmines De Los Lagos Group's $1,975 loan helped a member fabric, needles, thread, sewing-machine oil.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 4, 2010
Listed
Feb 18, 2010
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2010