Mercado Solidario Group
Paula, the president of this group, is located in the center of the photograph just behind and to the right of the woman holding the doll with red hair. She has been making cloth dolls, paintings on wood and decoupage for the past 10 years. For the past 2 years she has had a site at the market in Talca, which was unfortunately destroyed in the earthquake that occurred this past February 27th. For this reason, she now only sells her products from her home or door-to-door.
She will use this loan to buy cotton and used fabrics to make her dolls. In November, she will open a locale located in a new gallery, where she will work with her mother’s help as she also participates in Fondo Esperanza and is in the same business as Paula. Her goal is to have her handicrafts recognized for their quality and originality.
She has 2 daughters, ages 18 and 15, who live with her. It has been very pleasant for Paula to participate in Fondo Esperanza and with her associates in the group. Talca belongs to the Maule region, in the central part of the country. The majority of the population is involved in agricultural economic activities. The area is known for its beautiful handicrafts and its colonial architecture. The principal attractions are the flora, fauna, and vineyards. Despite the fact that the workforce has increased, the last census indicates that it continues to be one of the poorest areas in the country.
Paula es la presidenta de este grupo y en la foto se encuentra por el centro de la foto, justo detrás y a la derecha de la señora que tiene la muñeca de pelo rojo en la mano. Ella hace muñecas de tela, pinturas sobre madera y decoupage, hace 10 años. Desde hace 2 años tenía un local en el mercado central, en el centro de Talca, el cual lamentablemente quedo destruido por el terremoto del pasado 27 de febrero, por lo que ahora vende solo en su casa y a domicilio. Con este préstamo comprará algodón y telas usadas para hacer las muñecas. En noviembre abrirá un nuevo local, ubicado en una galería nueva, en donde atenderá con su mamá, quien también participa en Fondo Esperanza y tiene el mismo rubro que ella.
Su meta es que sus productos sean reconocidos por su calidad y originalidad. Tiene 2 hijas, de 18 y 15 años, quienes viven con ella.
A Paula le ha sido muy grato participar en Fondo Esperanza y con sus compañeros de grupo.
Talca pertenece a la región del Maule, ubicada en la zona centro del país. La mayor parte de la población habita en el sector rural, la cual se dedica principalmente a las actividades económicas propias del campo. Se caracteriza por su hermosa artesanía y arquitectura colonial. Sus principales atracciones son la flora, la fauna, y sus viñedos. A pesar que la fuerza de trabajo se ha incrementado, esta región sigue siendo, según el último censo, una de las más pobres del país.
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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