Rosa is the president of this group and in the photo she is seen sitting down in the first row from left to right. She cooks and sells bakery goods, like pastries and “kuchen” (pies), twice a week at a fair near her house. She makes made-to-order cakes and other products in her house. She also sells artisan ice cream on cones, and she tailors clothes in her house every day of the week. Finally, using her industrial oven that she bought with the other loans from Fondo Esperanza, she makes and sells empanadas (meat-filled pastries) and sometimes pollo asado (grilled chicken).
With this loan she will buy chickens to make asados and to prepare meal plates to sell in the fair. With the loans she received from FE as well as from the industrial oven, Rosa acquired a freezer for her ice creams and a refrigerator for her mother’s house, where she lives with her two children ages 13 and 7. They, together with her 21 year old son (who is in a drug rehabilitation facility) are her motivations for pushing forward with her business. Rosa receives only a tiny bit of economic help from the father of one of her children.
Her dream is to own a bakery where she can sell baked goods, grilled chicken and ice creams in a part of her own house that she will get subsidized at the end of next year.
Rosa has very much enjoyed working with Fondo Esperanza, for the good attention she has received from the loan officer and for the quick disbursement of her loans. She also thanks the politeness of the administration of her business.
La Cisterna is a community in Santiago, located in the “centro-sur” (south central) sector of the Chilean capital, and inside of a completely urban zone. It is primarily a residential and commercial town.
Rosa es la presidenta de este grupo y en la foto se encuentra sentada en 1º fila de izquierda a derecha. Ella cocina y vende productos de pastelería, como por ejemplo pasteles y kuchenes, 2 veces a la semana en una feria cerca de su casa. Por encargos hace tortas y otros productos, en su casa. Además vende helados artesanales con barquillos y, a lo que se suma la confección de ropa en su casa, todos los días de la semana. Finalmente, aprovechando su horno industrial, el cual compró con otros préstamos de Fondo Esperanza, hace y vende empanadas y a veces pollo asado.
Con este préstamo comprará pollos para hacer asados, y para preparar platos de colaciones y venderlos en la feria. Con los préstamos recibidos de FE además del horno industrial, Rosa adquirió su hielera para sus helados y un refrigerador para la casa de su mamá donde vive con sus 2 hijos menores, de 13 y 7 años, quienes junto a su hijo mayor de 21 (quien está en un internado de rehabilitación de drogas) son su motivación para seguir adelante con su negocio. Rosa recibe solo una pequeña ayuda económica de parte del padre de uno de sus hijos. Su sueño es tener una panadería, en donde pueda vender productos de pastelería, pollos asados y sus helados, en una parte de su casa propia que le entregarán por subsidio a fines del próximo año.
A Rosa le ha gustado mucho trabajar con Fondo Esperanza, por la buena atención que ha recibido de parte de su asesora y por la pronta entrega de sus préstamos. Además agradece la educación sobre la administración de su negocio.
La Cisterna es una comuna de Santiago, ubicada en el sector centro-sur de la capital chilena, y comprendida totalmente dentro del área urbana. Es una comuna esencialmente residencial y comercial.
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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