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Santa Rosa De Pelequén Group
In this Group: Balbina, María, Sara, Juana, Rosa, Luis, Rosa, Eliana, Ana, Juan, Julia, Cinthia, Ana , Isabel, Natalia, María, Claudia
This community bank is called “Santa Rosa de Pelequén” and is made up of 17 members from the city of San Fernando. They all work in different fields, selling underwear, groceries and jewellery and making brushes and bread.

Balbina, who is pictured in the centre of the photo at the back, makes and sells fast food, including set lunches, soups and chips. She makes her food in a deep fryer which she sells in a kiosk that she has set up in front of her house. Balbina works all day, every day, seven days a week. In summer and on weekends there is a higher demand for her meals as her customers come more often. Balbina buys her groceries in her preferred big supermarket chains, although she also shops at the supermarkets she usually goes to as the prices are comparable.

Balbina has worked in this business for the last three years. She began by selling tortillas and salads from a cart, but one year ago she decided to set up a more stable kiosk. With this loan she will buy an electric oven, a blender and products to make meals. Her goals are to expand her kiosk and fit it out so that her customers can eat their meals there in greater comfort. She would also like to stock up her kiosk with a great variety of meals.

Balbina lives with her husband and her three children who are 15, 11 and 6 years of age. Her dream is to offer her children a quality education so they can become professionals. Balbina would also like to study at university.

Balbina is very grateful to Fondo Esperanza and she really likes to take part in their meetings, since all the entrepreneurs get along well together. The loan that Fondo Esperanza has given her has contributed a lot to her business.

San Fernando is a city located in the region of Libertador General Bernardo O´Higgins in the central area of Chile. The city's economy is based in agriculture (vineyards, beetroot, fruit trees, tobacco, wheat and crops), agribusiness (exports of fruits, jams and dairy products) and trade.
View original language description ↓
Éste banco comunal se llama “Santa Rosa de Pelequén” y está conformado por 17 socios, pertenecientes a la ciudad de San Fernando. Todos ellos se dedican a diferentes rubros, específicamente venta de ropa interior, abarrotes, venta de joyas, fabricación de escobillones y producción de amasandería.
Balbina quien en la foto se encuentra en el centro del grupo y al fondo, se dedica a la producción y venta de comida rápida, específicamente completos, sopaipillas y papas fritas. Vende sus productos en un kiosco que tiene habilitado afuera de su casa y éste cuenta con una máquina freidora. Ella trabaja todos los días en su negocio en jornada completa, la temporada de más alta demanda de sus productos es en verano y los fines de semana, ya que además sus clientes son frecuentes.
Balbina compra su mercadería en supermercados mayoristas de preferencia, aunque igual compra en supermercados de consumo habitual, ya que los precios son relativos.
Ella se dedica a éste rubro desde hace 3 años, comenzó vendiendo tortillas y ensaladas en un carro, pero se instaló de manera estable con su kiosco desde hace 1 año.
Con el préstamo comprará un horno eléctrico, una licuadora y mercadería para producir sus comidas.
Sus metas son ampliar su kiosco y adaptarlo de manera que los clientes puedan consumir ahí mismo las comidas, con una mayor comodidad. Junto con esto abastecer su negocio con mayor variedad de comidas.
Balbina vive junto a su esposo y sus 3 hijos de 15, 11 y 6 años de edad, su sueño es poder brindarles una educación de calidad a sus hijos quienes logren ser profesionales. Además Balbina anhela estudiar en la Universidad.
Ella está muy agradecida de Fondo Esperanza, le gusta mucho participar de las reuniones, debido a la buena comunicación existente al interior del grupo de emprendedores. En cuanto al crédito que recibe por medio de Fondo Esperanza, éste ha sido un gran aporte para su negocio.
San Fernando es una ciudad ubicada en la región del Libertador General Bernardo O´Higgins, zona centro de Chile. La actividad económica de la ciudad se basa principalmente en la agricultura (viñedos, cultivo de remolacha, frutales, tabaco, trigo y cultivo tradicional), la agroindustria (empresas exportadoras de frutas, conserveras, de lácteos, etc.) y el 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
  • $2,637,700
    Funds lent in using Kiva
  • 469.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Santa Rosa De Pelequén Group's $3,225 loan helped a member to purchase an electric oven, a blender and food to make meals.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 19, 2011
Listed
May 23, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011