Check out some available loans that are similar to this one!
Los Vecinos Del Valle Group
In this Group: Alicia, Elsa, Nayade, Margarita, María , Jenny , Marcela, Cristián , Hortencia, Fresia, Soledad, Jeannette, Marta , Norma , María , Luis , Janette, Sandra , Claudia, Karina
Alicia is a member of the "Los Vecinos del Valle" (Neighbors of the Valley) community bank which is made up of 20 entrepreneurs who have different businesses such as a bakery, a beauty salon and a business selling clothes and lingerie. They live in the city of Casablanca.

Alicia is in the front row of this photo, on the left, wearing a black top. She is in the craft business. She makes candles, decoupage (a decorative paint effect used on wood and glass), mosaics (geometric, decorative, compositions made with pieces of pottery) and knitted items. She also sells new clothes

Alicia started out in the craft trade 10 years ago which means that her frequent customers are long-standing and responsible. She sells her crafts and clothes door to door. Alicia buys her merchandise in the city of Santiago since the prices there are better for her business.

Alicia lives with her husband and her 10 year-old grandson who she has cared for since he was born because her daughter went off to work in another city and didn't take responsibility for him as his mother. For this reason, Alicia has had to raise and educate her grandson. This is her motivation to continue in her business: she would like to provide her grandson with a better quality of life and an education. She will use her loan to buy clothes for the winter season.

Alicia's dream is to own a car in order to distribute her merchandise to more rural areas. Right now, she transports her products on a bicycle. However, during the winter, this task becomes difficult because of the cold and rain in the city. With a car, she would be able to increase her customer base and, consequently, her profits.

Alicia is very grateful and happy to be working with Fondo Esperanza. She really enjoys the group meetings because the other entrepreneurs are all responsible. Alicia is the community bank's representative. As regards the loans that she receives through Fondo Esperanza, they have been a great support for her business since they have enabled her to invest and increase her income.

Casablanca is a town which is located in Valparaíso province, in the region of the same name. It has a Mediterranean climate, with summers of prolonged drought and short, heavy, winter rains. The name 'Casablanca' (literally: 'white house') dates from the 16th Century when there was a 'wall with whitish walls' located on a hillside, at the side of one of the oldest roads in the area called 'Camino Real de Carretas'.

Casablanca's economy is currently based on the service industry, agriculture, transport, agroindustry, tourism and commerce.
View original language description ↓
Alicia forma parte del Banco comunal “Los vecinos del valle” conformado por 20 emprendedores, que se desempeñan en los rubros de amasandería, salón de belleza, venta de ropa y lencería. Pertenecientes a la ciudad de Casablanca.
Alicia quien en la foto aparece en primera fila, al costado izquierdo, vistiendo una polera negra. Se dedica a la artesanía, específicamente la realización de velas, decoupage (es un efecto de pintura decorativa sobre madera y vidrio), mosaicos (composición geométrica, decorativa, hecha con piezas de cerámica) y tejidos de lana. Además vende ropa nueva.
El oficio de artesanía lo realiza desde hace 10 años, por lo que sus clientes frecuentes son antiguos y responsables. Ella vende su artesanía y ropa a domicilio (casa por casa).
Alicia compra su mercadería en la ciudad de Santiago, ya que los precios son más convenientes para su negocio.
Alicia vive con su esposo y su nieto de 10 años, a quien cuida desde que nació, ya que su hija se fue a trabajar a otra ciudad y no se responsabilizó de su rol de madre. Por lo que ha tenido que criar y educar a su nieto. Es por esto su motivación de continuar con su negocio, ya que quiere brindarle una mejor calidad de vida y educación a su nieto.
Con este préstamo Alicia comprará ropa para la temporada de invierno.
El sueño de Alicia es tener un auto, para repartir su mercadería en los sectores más rurales, ya que por ahora traslada sus productos en bicicleta, sin embargo en la temporada de invierno, ésta tarea se dificulta debido al frío y lluvia de la ciudad. Con esto aumentaría su clientela y por ende sus ganancias.
Ella está muy agradecida y contenta de participar en Fondo Esperanza le gustan mucho las reuniones grupales, debido a la responsabilidad de las otras emprendedoras, es por esto que además es delegada del Banco comunal. En cuanto al financiamiento que recibe por medio de Fondo Esperanza, ha sido un gran aporte para su negocio, ya que con este ha podido invertir y podrá aumentar sus ingresos.
Casablanca es una comuna de la provincia de Valparaíso, ubicada en la región del mismo nombre. Tiene un clima de tipo mediterráneo, con veranos de sequía prolongada y lluvias invernales cortas, pero muy fuertes. El nombre “Casablanca” proviene del siglo XVI cuando existía “una casa de muros blanquecinos” sobre una loma ubicada a un costado de uno de sus caminos más antiguos, llamado camino real de carretas.
Actualmente su economía se basa en servicios, agricultura, transporte, agroindustria, turismo, comercio.

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
  • $2,552,775
    Funds lent in using Kiva
  • 481.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Vecinos Del Valle Group's $3,025 loan helped a member to buy clothes for the winter season.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 28, 2011
Listed
Mar 21, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011