Jazmines De Los Lagos Group
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.
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.
About Fondo EsperanzaFondo 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.
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Success!! The loan was 100% repaid