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Los Fundadores Del Oriente Group
In this Group: Elisa, María, Sandra, Juana, Tamara, Claudia, Sandra, Sonia, Graciela , Lorena , Digna , Mirta, Carolina, Daniela, Verónica, Guillermina, Jacqueline, Cristian, Lidia
“Los Fundadores del Oriente” (The Founders of the East) Communal Bank is composed of 19 entrepreneurs, all residing in the city of Temuco. Their principal businesses are cutting and assembling clothing, and selling groceries, vegetables, firewood, frozen greens, cleaning utensils, cakes, fruits, fried potatoes, prepared salads, new clothing in the countryside, and a packaging and book shop.

Elisa is the treasurer of this group (in the back row of the photo, in the first column on the right, wearing eyeglasses). For 2 years, her business has sold groceries from the patio of her house. She works every day of the week from 8:30 am until 10:00 pm at night. She also designs and makes clothing and, in addition, transports children to school. Usually, she buys her merchandise from wholesale supermarkets and the greens come from her own house.

With this loan, she will buy supplies for clothes-making, specifically thread, zippers, buttons; and milk products for her grocery store. Her dreams have already been accomplished -- to obtain her own house, as well as an established shop for her business.

For Elisa, the loans from Fondo Esperanza have been a big help in her business, making investments possible. She is very happy with the reunions and workshops occurring at Fondo Esperanza, since they are very engaging. Also, there is much solidarity among the entrepreneurs in this bank. Concerning the training, it has been very helpful and now she can keep records of her capital, investments, and earnings.

Temuco is the capital of the Araucania region. The city is located 670 kilometers south of Santiago (Chile's capital). In the surrounding area are a series of mineral baths (Pucon, Villarrica) and the native flora and fauna is very attractive, concentrated in nearby natural parks. It's worth noting that in this region reside some 50% of the Mapuches (the native people of Chile).
View original language description ↓
El banco comunal “Los Fundadores del oriente” está conformado por 19 emprendedores, pertenecientes a la ciudad de Temuco. Sus principales negocios son de corte y confección de ropa, venta de abarrotes, verduras, leña, verduras congeladas, abarrotes, utensilios de aseo, repostería, frutas y verduras, papas fritas, ensaladas preparadas, ropa nueva a sectores rurales y paquetería librería.
Elisa es la tesorera de éste grupo, en la foto se encuentra en la última fila, en la primera columna del lado derecho, usa anteojos. Su negocio consiste en la venta de abarrotes, se dedica a éste rubro desde hace 2 años, ella adaptó un negocio en el patio de su casa, Elisa trabaja todos los días de la semana y su horario laboral es de 8:30 a 10:00 de la noche, además se dedica a la confección y arreglo de ropa, junto con esto transporta niños hacia los colegios. Su mercadería usualmente la compra en supermercados mayoristas y los proveedores de verduras llegan a su mismo domicilio.
Con éste préstamo comprará insumos para sus costuras, específicamente hilos, cierres, botones y para su negocio de abarrotes comprará lácteos.
Sus sueños ya los cumplió y eran obtener su vivienda propia, además de un local establecido para su negocio.
Para Elisa los créditos de Fondo esperanza han significado un gran apoyo para su negocio, ya que con éste podrá invertir en él, ella está muy contenta con las reuniones y talleres que se realizan en Fondo esperanza, ya que son muy amenas, además que existe mucha solidaridad entre los emprendedores de éste banco. Respecto a las capacitaciones le han servido ya que ella debe llevar registro de todo su capital, inversiones y ganancias.
Temuco es la capital de la región de la Araucanía. La ciudad se ubica a 670 kilómetros al sur de Santiago (capital de Chile). En sus alrededores se ubican una serie de balnearios lacustres (Pucón, Villarrica) y una flora y fauna nativa muy llamativas, concentrada en parques naturales cercanos. Cabe destacar que en esta región habita el 50% de los mapuches, pueblo indígena, existente en nuestro país.

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
  • 481.3
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Fundadores Del Oriente Group's $4,175 loan helped a member tO PURCHASE THREAD, ZIPPERS, BUTTONS, AND MILK PRODUCTS.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 10, 2011
Listed
Mar 22, 2011
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2011