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La Gran Familia Group
In this Group: Mónica , María Teresa , Angélica , Ximena , Gloria , Miguel , Carolina , Marta , María Isabel , Clara , Oscar , Mónica , Isabel , Griselda , Julia , Jacqueline , Iris , Verónica
This communal bank is called La Gran Familia, and it is comprised of 18 members of La Granja commune. La Granja is a commune, which is located in the area south of the great Santiago, the capital of Chile. It belongs to an urban territory with houses and important businesses having to do with wood, factories, and metals.

These members work at different independent businesses like making clothes, a bakery, a pastry shop, handicrafts, decoupage (decoration of objects like wooden boxes, bottles, and pictures), greengrocery, grocery store, hair salon, making and repairing footwear, and preparing and selling fast food.

Carolina was the member that was interviewed. She is the secretary of this group. In the photo you can find her in the last row to the right. She is wearing a short sleeve orange t-shirt. She sells vegetables and prepared salads in her house. She will use the loan to buy bags for the salads and vegetables. Also, she will save to buy a used light truck to purchase merchandise.

Her dreams are to have a kiosk, which would also serve as a convenience store within the same field (greengrocer), and to have a stall in a fair. Her great desire is to improve her quality of life, increase her earnings, and contribute to the family expenses. For example, she would like to help buy her mother’s medications. Her great motivators are her small son and a small niece that she is raising.

Carolina told us that when she first started working with Fondo Esperanza she was afraid of being a guarantor for people she did not know (the colleagues in her group because this is the Fondo Esperanza’s system). Driven by her projections and dreams, she dared to participate in these loans. The results have been very satisfactory because she has felt supported and secure. She also says that there is a great deal of solidarity among the members of the group.
View original language description ↓
Este banco comunal es llamado La Gran Familia y está conformado por 18 socios, pertenecientes a la comuna La Granja. La Granja es una comuna ubicada en la zona sur del gran Santiago, capital de Chile. Corresponde a un territorio urbano con viviendas e importantes empresas relacionadas con la madera, manufacturas y metales.
Estos socios se dedican a diversos negocios independientes tales como confección de ropa, panadería, pastelería, artesanía, coupage (decoración de objetos como cajas de madera, botellas y cuadros), verdulería, almacén de abarrotes, peluquería, fabricación y reparación de calzados y preparación y venta de comida rápida.
La socia entrevistada fue Carolina, quien es la secretaria de este grupo. En la foto se encuentra en la última fila, a la derecha y viste polera (camiseta manga corta) naranja. Ella vende verduras y ensaladas preparadas, en su casa. Invertirá este préstamo en bolsas para las ensaladas y en verduras, además ahorrará para comprar una camioneta usada para comprar mercadería. Sus sueños son tener un Kiosco, que sirva también de bodega, con el mismo rubro (verdulería) y tener un puesto en una feria. Su gran anhelo es mejorar su calidad de vida, aumentar sus ingresos, contribuir con los gastos de su familia, como por ejemplo comprar los medicamentos de su madre. Sus grandes motivaciones son su pequeño hijito y una sobrina pequeña que está a su cargo.
Carolina nos contó que su experiencia de trabajar con Fondo Esperanza al principio fue el temor de ser aval de personas desconocidas (sus compañeros de grupo, ya que ese es el sistema de Fondo Esperanza), pero que impulsada por sus proyecciones y sueños se atrevió a participar de estos préstamos y sus resultados han sido hasta el momento muy satisfactorios, ya que se a sentido apoyada y segura. También comenta que se manifiesta mucha solidaridad entre los miembros de su grupo.


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
  • 521.3
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Gran Familia Group's $2,675 loan helped a member buy vegetables and bags.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 5, 2010
Listed
Mar 15, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010