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Violeta Group
In this Group: Paola, Marcela , María, Germán , Nelly, Ana , José, Roberto, Magdalena, Alicia, Alicia, Julia, Luz, Roberto , María , Beatriz, Juan, Yana, Verónica, Mercedes, Leopoldo
Paola is a member of the Communal Bank “Violeta”, which consists of 21 entrepreneurs who work in arts and crafts. They live in the city of Chilán.


In the photograph, Paola is standing in the second row, third from the left and wearing a black shirt and with a pair of sunglasses in her hair. She produces all types of arts and crafts, especially soft cotton dolls, objects made from cardboard, and cloth bags. Paola works from home, making all types of handicrafts every afternoon. The months in which she has the most demand are May (Mother’s Day), September (traditional Chilean festivals), and December (Christmas). During these times, Paola sets up a stand at the craft fair. Her work schedule is from 10am to 9pm. With this loan she will buy supplies for her handicrafts such as fabrics, lace, and silicone. Paola dreams of having an established shop. For this reason, she is motivated to continue producing and selling her handicrafts so that she can improve her earnings.


Paola lives with her husband and two children, ages 18 and 7. Her mother lives in the city of Santiago and helps her with purchasing supplies at affordable prices. The products are then shipped to her by parcel to the city of Chillán. Paola is very grateful to Fondo Esperanza because she enjoys participating in the meetings because they are very entertaining. For this reason, she has been appointed to be a delegate for her Communal Bank. The funding she has received through Fondo Esperanza has been a great help to her business, since it enables her to invest and increase her income.


Chillán is a community in the central district of southern Chile. Its name means “Window of the Sun” in the Mapudungun language, which is spoken by the Maupuche indigenous people. Chillán is also known as the “Cradle of the Nation” and the “Land of Artists” because many well-known figures in Chile’s history were born there, such as the famous pianist Claudio Arrau.

View original language description ↓
Paola forma parte del Banco comunal “Violeta” conformado por 21 emprendedores, que se desempeñan en los rubros de arteS.ía y manualidades, pertenecientes a la ciudad de Chillán.
Paola quién en la foto se encuentra de pie en la primera fila y tercera del lado izquierdo, viste polera negra, además tiene lentes de sol sobre su cabello. Ella realiza todo tipo de arteS.ía y manualidades, específicamente soft (confección de muñecos con algodón y pantys), cartonaje (cosas hechas con cartón), confección de bolsas de tela. Ella trabaja en su casa confeccionando diversas manualidades, todas las tardes. Y las temporadas de más alta demanda son durante los meses de; mayo (día de la madre), septiembre (Fiesta costumbrista chilena) y diciembre (navidad). En estas temporadas Paola se instala con un local en una feria artesanal. El horario laboral es de 10ºº de la mañana a 9ºº de la noche.
Con éste préstamo comprará insumos para sus manualidades, entre éstos telas, blondas y silicona.
El sueño de Paola es tener un local establecido. Es por esto su motivación de seguir en la confección y venta de manualidades ya que pretende mejorar sus ingresos.
Ella vive junto a su esposo y sus dos hijos de 18 y 7 años de edad. Su madre que vive en la ciudad de Santiago, le ayuda en la compra de insumos a precios más convenientes y se los envía a la ciudad de Chillán por encomienda.
Ella está muy agradecida de Fondo Esperanza le gusta mucho participar de las reuniones, ya que son muy amenas, es por esto que además es delegada del Banco comunal. En cuanto al financiamiento que recibe por medio de Fondo Esperanza, éste será un gran aporte para su negocio, ya que con éste podrá invertir y aumentar sus ingresos.
Chillán es una comuna de la zona centro sur de Chile. Su nombre significa “silla del sol” en mapudungun, idioma de nuestros indígenas mapuches. Chillán es conocida como “Cuna de la Patria” o “Tierra de Artistas”, debido a que en la ciudad han nacido destacados personajes de la historia de Chile, como por ejemplo el conocido pianista Claudio Arrau.

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
  • 481.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Violeta Group's $4,325 loan helped a member to purchase craft supplies such as fabrics, lace, and silicone.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 1, 2011
Listed
Mar 23, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011