Check out some available loans that are similar to this one!
Crecer Unidos Group
In this Group: Patricia, Aner, Silvia, Emilia , María, Hortencia, Sonia, Graciela, María, Héctor, Juana, Norma, María, Tamara, Carolina
This communal bank is called “Crecer Unidos” (To Grow Together). It has 15 entrepreneurs who are in a variety of businesses like: kiosks, clothing store, pastry making, bakery, textile workshop, auto repair shop, vegetable stand and an inn. All of them are from the city of Talca.

Patricia, who in the photo is seated in the front row second from the left, is wearing a violet jacket and brown sandals. Her hair is short and dark brown. She makes and sells turnovers and also makes baked goods and pastry. In February she participated in a cultural fair where she sold her products.

She’s been in this line of work for four years. During the week and on weekends she makes the turnovers but weekends is when her profits are greatest. Patricia sells her products based on prior orders from her customers and sometimes her sales are in excess of 200 turnovers.

She buys her ingredients at a minimarket and she buys the onions at wholesale. She will use this loan to buy a stove because the one she’s using now is in bad shape. Her goal is to have an established locale to sell her bakery products and pastry.

Patricia lives with her husband and children. However, according her her husband’s job requirements he sometimes has to be away from home for two week periods due to his work schedule. One of her children helps her with her business since business and sales are enjoyable.

Patricia’s motivation to continue in business is to cover her daughter’s university costs. Besides, this business has served as therapy for her and has raised her spirits because she’s been in treatment for cancer for the last five years. She currently is going in for medical supervision and her state of mind is positive.

She is very grateful to Fondo Esperanza because of the easy loan terms that make it possible for her to invest in her business and generate more profits. She very much enjoys taking part in the meetings because she learns with the training; besides she’s learned how to apply the bookkeeping skills she’s learned to her business.

Talca is part of Maule Region in the central part of the country. It is the administrative, economic and cultural center of the region since it’s the most important city in the Chilean Central Valley. There is an interesting phrase in Chile about Talca: “Talca, París y Londres.” Among the myths alluding to it some say that it comes from something an Englishman once said: “Talca seems like London” (Talca parece Londres) because of the thick fog that frequently covers the city in winter like in the capital of the United Kingdom.
View original language description ↓
Éste banco comunal se llama “Crecer Unidos” conformado por 15 emprendedores que se desempeñan en diferentes negocios, los cuales son kioscos, tienda de ropa, repostería, amasandería, taller de tejidos, taller mecánico, verdulería y una residencial de alojamiento. Todos ellos pertenecientes a la ciudad de Talca.
Patricia quien en la foto aparece sentada en la primera fila y segunda del lado izquierdo, viste una chaqueta color violeta y zapatillas color café. Su cabello es corto y su color es castaño. Se dedica a la producción y venta de empanadas, además realiza productos de amasandería y repostería. En febrero estuvo participando de una feria costumbrista, donde vendió sus productos. Ella se dedica a éste rubro desde hace 4 años. Durante la semana y fin de semana se dedica a la producción de empanadas. Sin embargo son los fines de semana que le dan mayores ganancias. Patricia vende sus productos de acuerdo a los pedidos que realicen sus clientes, a veces sus ventas superan las 200 empanadas.
Los insumos los compra en un minimarket y las cebollas las compra al por mayor.
Con éste préstamo comprará un fogón, ya que el que utiliza en la actualidad se encuentra en mal estado.
Sus metas son tener un local establecido para la venta de sus productos de amasandería y repostería. Además de obtener el permiso y patente para vender.
Patricia vive junto a su esposo e hijos. Sin embargo de acuerdo al trabajo que realiza su marido, él debe ausentarse del hogar por 15 días debido a su jornada laboral. Uno de sus hijos es quien la ayuda en el negocio, ya que le gusta el rubro del comercio y ventas. Las motivaciones de Patricia de continuar en el negocio, son para costear los estudios universitarios de su hija. Además éste negocio le ha servido como terapia, para superar su estado anímico, ya que a Patricia la aqueja un cáncer que ha debido tratar durante 5 años. En la actualidad asiste a controles médicos y su estado anímico es favorable.
Ella está muy agradecida de Fondo Esperanza. Debido a las facilidades de pago en el crédito. Lo que le permitirá invertir en su negocio y generar más ganancias.
Le gusta mucho participar de las reuniones, ya que aprende con las capacitaciones, además ha podido integrar estos conocimientos de contabilidad a su negocio.
Talca pertenece a la región del Maule, ubicada en la zona centro del país. Constituye el centro administrativo, económico y cultural de la región, siendo la ciudad más importante del Valle Central chileno. Sobre Talca existe una curiosa referencia en Chile, la frase "Talca, París, y Londres". Entre los mitos al respecto, algunos dicen que es una derivación de la originalmente dicha por un inglés "Talca parece Londres", por la abundante neblina que cubre frecuentemente la ciudad en la temporada invernal, a semejanza de la capital del Reino Unido.

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
  • 470.9
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Crecer Unidos Group's $2,700 loan helped a member to buy a stove.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 12, 2011
Listed
Apr 18, 2011
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2011