Frutos De Vida Group
The member who was interviewed was María Magdalena, the president of the group. In the photo, she is seated in the first row, fourth from the left. She sells recyclable materials such as cardboard, bottles, metal, iron, and scrap (such as beverage cans). She has been at the business for 39 years. She has two adult children and her daughter also belongs to this group and sells fast food.
María Magdalena will invest this loan in merchandise, since she doesn't only collect but also buys whatever she needs. She also has the motivation to begin to sell french fries in a cart she outfitted a little with previous loans. The cart is at her house. For this she will buy oil, potatoes, paper, condiments (ketchup and mustard), and napkins.
For her it has been very important to work with Fondo Esperanza. It has been a big financial, moral and motivational support, thanks to the weekly meetings in which she shares with the other members and learns about how to manage her business. For María Magdalena, it is very important to stay busy and useful. Some time ago she was depressed and her business helped her to get better.
Temuco is the capital of the Araucanía region. The city is 670 kilometers from Santiago ( the capital of Chile). It has a series of lake beaches and very striking native flora and fauna. It's worth noting that in this region live 50% of the Mapuches, an indigenous group that exists in our country. This area was damaged by the recent earthquake that affected Chile, but this communal bank suffered no ill effects from it.
La socia entrevistada fue María Magdalena, quien es la presidenta de este grupo. En la foto se encuentra sentada en 1º fila, en el 4º asiento de izquierda a derecha. Ella vende materiales reciclables como cartón, botellas, metales, fierros y chatarras (como las latas de bebida), negocio al cual se dedica desde hace 39 años. Tiene 2 hijos ya adultos y su hija también pertenece a este grupo y vende comida rápida.
María Magdalena invertirá este préstamo en mercadería, ya que ella no solo recolecta, sino que también compra lo que necesite. Además tiene la motivación de comenzar con la venta de papas fritas en un carrito que armó de a poco con préstamos anteriores, el cual se ubica en su casa. Para ello comprará aceite, papas, papel, aderezos (ketchup y mostaza) y servilletas.
Para ella ha sido muy importante trabajar con Fondo Esperanza, ya que ha sido un gran apoyo económico, moral y motivacional, gracias a las reuniones semanales de grupo en donde comparte con sus compañeros y aprende sobre cómo debe administrar su negocio. Para María Magdalena es muy importante mantenerse ocupada y útil, ya que hace un tiempo tuvo depresión y su negocio le ayudó a recuperarse.
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. Si bien esta zona fue dañada por el reciente terremoto que afectó a Chile, este Banco Comunal no sufrió graves efectos por el mismo.
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