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Las Golondrinas Group
In this Group: Blanca, Valeria, Nirsa, Margarita , Silvana , Carmen , Pascuala , Juana, Olaya , Zunilda, Marcela, Magdal, Alejandra
This Communal Bank is named “Las Golondrinas” (The Swallows) and consists of 13 members who are from the city of Temuco. They engage in different businesses that include baking desserts, sewing, selling clothes, making “humitas” (a traditional dish similar to tamales), and making empanadas.


The member who was interviewed was Blanca, who is the group president. In the photograph, she is standing on the second row to the left, wearing a black jacket and red sweater. She sells fruit, vegetables, and coal from a truck that her husband drives. Blanca wants to invest her loan in coal because it is a good business since the weather is cold. Her dream is to have an established business in her home or at some other location. Blanca has served on several entrepreneurial workshops provided by Fonda Esperanza that help the members better manage their money.


Temuco is the capital of the Araucanía region and is located 670km to the south of Santiago (the capital of Chile). It has several lakeside resorts where the flora and fauna are absolutely striking. Half of the residents of this region are of Mapuche descent, an indigenous people who live in Chile.

View original language description ↓
Este banco comunal es llamado “Las Golondrinas” y está conformado por 13 socias, pertenecientes a la cuidad de Temuco. Ellas se dedican principalmente a negocios de repostería, costuras, venta de ropa, humitas y empanadas.
La socia entrevistada fue Blanca, quien es la presidenta de este grupo. En la foto se encuentra en 2º fila, en 1º lugar de izquierda a derecha y viste chaqueta negra y chaleco rojo. Ella vende frutas, verduras y carbón en una camioneta que maneja su esposo. Quiere invertir este préstamo en carbón, ya que en esta época de frío es un buen negocio.
Su sueño es tener un negocio establecido en su casa o en otro lugar.
A Blanca le han servido los talleres de educación emprendedora que entrega Fondo Esperanza, para organizar mejor su dinero.
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
  • $2,587,775
    Funds lent in using Kiva
  • 526.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Golondrinas Group's $1,975 loan helped a member purchase coal.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 30, 2010
Listed
May 6, 2010
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2010