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Jazmines De Los Lagos Group
In this Group: Viviana , Lilian , Francisco, Rosa, Marcela, María, Sergio , América, Rosa, Olga , Sandra , Margarita, Marta
This communal bank is called “Jazmines de Los Lagos”, and this is the second time they have had a loan published on Kiva. This communal bank comes from the city of Temuco, and the members dedicated themselves primarily to the businesses of carpentry, bicycle repairs, sewing, preparing lunches, selling used clothes, selling French fries, and selling cigarettes.

The group member we interviewed was Liliana, who is the bank’s secretary. You see her in the picture in the center of the second row with short hair, to the right of the man with the blue jacket. Liliana dedicates herself to door-to-door sales of undergarments and clothing for children and adults. She also makes desserts by special order, things like cakes and pastries.

When Liliana travels to Santiago to purchase merchandise she makes the most of her trip by bringing items from Temuco to sell in Santiago. She brings cheese, wheat products, and spicy peppers, thereby taking advantage of the contacts she has in Santiago and increasing her earnings.

Liliana will invest this loan in cheese and in clothes that are in fashion for this season (fall/winter).

Her goal is to rent store space to establish her clothing-sales business, and her big dream is to be a nurse – she would, without a doubt, study to be a nurse if she had the chance.

The part Liliana likes most about working with Fondo Esperanza is the group unity and their relationship with their loan officer, a relationship which makes them feel important and valued.

Liliana also feels very much supported and accompanied by her seven children, four of whom still live with her.

Temuco is the capital of the Araucanía region. It is located 670 kilometres south of Santiago (the capital of Chile) and possesses a series of lake-side spa resorts and striking native flora and fauna. This region is also noteworthy for being the region where 50% of Chile's existing indigenous Mapuche community live; some of whom are members of Fondo Esperanza communal banks.
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Este banco comunal es llamado “Jazmines de Los Lagos” y es la 2º vez que se publica en el sitio de Kiva. Estos socios pertenecen a la ciudad de Temuco y se dedican principalmente a negocios de carpintería, arreglo de bicicletas, costuras y venta de almuerzos, ropa usada, papas fritas y cigarrillos.

La socia entrevistada fue Liliana, quien es la secretaria del grupo. En la foto se encuentra en 2º fila, al centro, a la derecha del hombre con chaqueta azul y tiene el pelo corto. Ella se dedica a la venta, puerta a puerta, de ropa interior y de vestir para niños y adultos,. También se dedica a la repostería, pero solo por encargos, como por ejemplo tortas, kuchenes, etc.

Cuando viaja a comprar su mercadería a Santiago, aprovecha de llevar para vender queso, harina tostada y merquén, para de esta manera aprovechar sus contactos y aumentar sus ingresos.

Liliana invertirá este préstamo en quesos y en la ropa de moda esta temporada.

Su meta es arrendar una tienda, en donde pueda vender ropa de niño y adulto, y su gran sueño es ser enfermera, lo que estudiaría sin dudar si tuviera la oportunidad.

Lo que más le gusta a Liliana de trabajar con Fondo Esperanza es la unidad del grupo y la relación con la Asesora, lo que la hace sentir importante y valorada.

Liliana tiene 7 hijos, de los cuales 4 viven con ellos, por lo que se siente muy bien, apoyada y acompañada.

Temuco is the capital of the Araucanía region. It is located 670 kilometres south of Santiago (the capital of Chile) and possesses a series of lake-side spa resorts and striking native flora and fauna. This region is also noteworthy for being the region where 50% of Chile's existing indigenous Mapuche community live; some of whom are members of Fondo Esperanza communal banks.








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

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 552.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Jazmines De Los Lagos Group's $2,275 loan helped a member clothing and cheeses.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 20, 2010
Listed
May 26, 2010
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2010