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El Reflejo Group
In this Group: Carmen , Paola, María, Berta, Haydee, Nelly, Nataly, Mercedes , Marcela , Carmen , Demofilia, Priscila, Roxana, María, Herminda, Verónica, Alejandra, Cristian
There are eighteen members of El Refejo Community Bank in the town of Linares. They have a variety of jobs such as selling underwear, perfume, jewelry, fish, and sewing.

At the back of the group in the photograph is Carmen with the light brown hair, lilac-coloured t-shirt, black sweater, and pink complexion. She makes all types of clothing and works every day of the week in the afternoons. Her workshop is located inside her house. Most of her customers are private individuals who primarily come to her to have alterations made to their clothes. She buys her supplies in Santiago where people with businesses can get lower prices, and it’s also more convenient too. She can get her sewing machines mended there also.

With this loan Carmen plans to buy fabric and thread so she can have more supplies on hand. Her goal one day is to have a store where she can sell the items she makes. Currently she is making bedding (sheets and pillow cases) which have to be done by hand so she only does this by special order. She would like to have schools and businesses as customers.

Carmen lives with her two children aged 13 and 22 and her sister. Her younger son would like to have his own business so he helps Carmen with the paperwork, deliveries of clothing to customers, and buying supplies.

She is very grateful for the loan from Kiva partner Fondo Esperanza as it has given her the opportunity to get her business going on a better footing. The group meetings are enjoyable as the members share experiences and information--everyone communicates with and supports each other.

Linares is an important town in the Maule region located in the centre of the country. Agriculture is very important, and grapes for export are of increasing importance. Cereal crops (rice, wheat, maize, oats) and vegetables (beets, cabbage, lettuce, chard) and fruit grow well. Linares is the main producer of rice in Chile with 78% of national production coming from this province, especially from the community of Parral.
View original language description ↓
El banco comunal “EL REFLEJO”, está conformado por 18 integrantes, pertenecientes a la ciudad de Linares. Todos ellos se dedican a diferentes rubros los cuales son venta de ropa interior, perfumes, joyas, pescados y costuras.
Carmen quien en la foto se encuentra al fondo del grupo, su cabello está tomado y su color es castaño claro, además viste una polera color lila y un suéter color negro y su rostro se encuentra enmarcado con un color rojo. Ella se dedica al corte y confección de ropa de todo tipo. Su horario laboral es de lunes a domingo, durante las tardes. Su taller de costuras lo tiene ubicado al interior de su casa. Sus clientes son principalmente particulares. Quienes demandan sus servicios principalmente para arreglar y/o modificar algunas prendas. Sus materiales los compra en la ciudad de Santiago, ya que los precios para comerciantes son a bajo costo, por ende más convenientes. Además sus maquinarias también las arregla en ésta ciudad.
Con éste préstamo comprará telas e hilos para abastecerse de materiales e invertir más en su negocio.
Sus metas son tener algún día una boutique para ofrecer sus confecciones, actualmente se encuentra confeccionando ropa de cama, específicamente sábanas y cojines que debe realizar a mano. Por lo tanto éste es un proyecto que ya se está concretando. Además le gustaría tener como clientes a colegios y empresas.
Carmen vive junto a sus dos hijos de 13 y 22 años de edad, además de la compañía de su hermana. A su hijo menor le gusta el rubro del comercio, él es quien acompaña a Carmen en todos los trámites de su negocio, ya sea entrega de ropa a los clientes y compra de materiales.
Ella está muy agradecida del crédito obtenido por Fondo Esperanza, ya que le ha brindado la oportunidad de emprender su negocio y concretar sus proyectos.
Respecto a las reuniones grupales, estas son muy gratas, además que comparten experiencias y datos, por lo que existe una muy buena comunicación y solidaridad entre ellos.
Linares es un importante centro urbano de la región del Maule, ubicado en la zona centro del país. En esta zona se desarrolla de manera importante la producción agrícola y también vitivinícola sobresaliendo en el ámbito de las exportaciones. Destacan los cultivos de cereales (arroz, trigo, maíz y avena), hortalizas (remolacha, repollo, lechuga y acelga y legumbres) y frutas. Linares es la principal provincia productora de arroz, en Chile; de hecho, el 78% de la producción nacional de este cereal se da en esta provincia, especialmente en la comuna de Parral.

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
  • 1
    View loans »
    Chile Loans Fundraising
  • $2,587,775
    Funds lent in using Kiva
  • 469.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Reflejo Group's $4,425 loan helped a member to buy sewing supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 15, 2011
Listed
Apr 26, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011