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Ave Fenix Group
In this Group: Margarita , Liliana , Margot , Héctor , Teobaldo , Luis , María , Ana , Estrella , Guacolda , Myriam , Sandra , Juan , Adriana , Sandra , Ruth, Magnolia, Tailor
Margarita is part of the Communal Bank “Ave Fénix” (Phoenix) which consists of eighteen entrepreneurs. They engage in businesses such as manufacturing shoes, managing hair salons, selling gifts, herbal medicines, bicycle parts, clothes, spices, eggs, fruits, and vegetables. The members live in the city of Concepción.


In the photo, Margarita is seated in the second row holding up a white calendar. She sells condiments, dried fruit, honey, and legumes. For the past eight months, she has had a shop established in the market called “Frutos del País” (Fruits of the Country). Margarita buys her goods at the market wholesale and acquires honey from a distributor. The location of her shop is temporary, so she has already started looking for her own piece of land. With this loan, she will purchase honey in bulk.


Margarita dreams of seeing her children continue their studies and become professionals. She also hopes to keep prospering in her business. Her reason for continuing her business is the income it generates, which enables her to provide for the welfare of her six children and give them a better quality education. She is very grateful to Fondo Esperanza. Margarita enjoys participating in meetings, especially for the camaraderie and enthusiasm she experiences as part of the group. Regarding the financing she has received from Fondo Esperanza, the loans have been a great help to her business.


The city of Concepción is situated at the mouth of the Bíobío River, one of the largest in the country, in southern Chile in Bíobío region. This city played an important role in Chilean history since it was the home to major battles, such as the War of Arauco, and a historical settlement since it borders the Mapuche territory. The city is currently undergoing significant economic and demographic development. It is considered to be one of the most important urban, demographic, administrative, financial, and commercial centers in Chile, just behind Santiago and Valparaiso.

View original language description ↓
Margarita forma parte del Banco comunal “Ave Fénix” conformado por 18 emprendedores, que se desempeñan en los rubros de zapatería, peluquería y venta de artículos para regalos, yerbas medicinales, repuestos de bicicletas, vestuario, condimentos, huevos, frutas y verduras. Pertenecientes a la ciudad de Concepción.
Margarita quien en la foto aparece sentada en la segunda fila, con un calendario blanco en sus manos, se dedica a la venta de condimentos, frutos secos, miel y legumbres. Desde hace 8 meses en un local establecido de la vega (mercado), llamado “Frutos del País”.
Margarita compra su mercadería al por mayor, en el mercado y la miel a un proveedor del producto.
El terreno donde se encuentra su local es provisorio, por lo tanto está postulando a un proyecto en el cual podrá optar a un terreno propio.
Con este préstamo comprará miel al por mayor.
El sueño de Margarita es que sus hijos sigan estudiando y sean profesionales. Y respecto a su negocio que éste siga prosperando.
Sus motivaciones de continuar con este negocio son los ingresos generados por éste, los que le permiten brindarles a sus 6 hijos un mejor bienestar y una mejor calidad en la educación.
Ella está muy agradecida de Fondo Esperanza le gusta mucho participar de las reuniones, sobre todo por la buena convivencia y confianza experimentada en el grupo.
En cuanto al financiamiento que recibe por medio de Fondo Esperanza, ha sido un gran aporte para su negocio.
Concepción, está asentada en la desembocadura del río Bíobío, uno de los más grandes del país, al sur de Chile, en la región del Bíobío. Ha tenido una importante función en nuestra historia, siendo sede de importantes batallas y asentamiento relevante, especialmente durante la Guerra de Arauco, por estar en la frontera con territorio mapuche. Actualmente la ciudad posee un importante desarrollo económico y demográfico, llegando a ser considerada como uno de los núcleos urbanos, demográfico, administrativo, financiero y comercial más relevantes de Chile, después de Santiago y Valparaíso.

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
  • 468.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Ave Fenix Group's $2,775 loan helped a member purchase honey.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 10, 2011
Listed
Feb 25, 2011
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2011