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Violeta Parra Group
In this Group: Ana , Norma, Ana, Ema, Lila, Karen, Elsa, Nancy, Viviana, Rosa, Floridor, Silvia, Jeannette, Luis, Ana, Rafael, Luis, Rodrigo, José
The Violeta Parra Community Bank has nineteen members and is located in the neighbourhood of Estación Central in Santiago. The women all have different stalls in the market selling groceries, fruit, vegetables, or sewing.

Ana (on the left of the photo wearing a fuschia-coloured top and grey sweatshirt) sells fast food such as completos (sandwiches), empanadas, and lunches to the workers and customers in the market where she has her stall. She’s been doing this for a year now, on Thursdays, Saturdays and Sundays, from 6am to 4pm. She usually buys her supplies and ingredients in Lo Valledor market where she can buy fruit, vegetables, and groceries at preferential rates for merchants.

At this time Ana is not working as she is 6-months pregnant and not in good health so she has to have bed rest. She will begin work again when she feels better.

She plans to use the loan to buy supplies and a stove. Her goal is to have a permanent place in her house where she can sell meals. She is knowledgeable about food quality and how it should be handled. Ana is keen to continue with this work because of her children whom she will be able to care for more easily with a flexible work schedule.

Ana lives with her mother-on-law, her uncle, husband, and 8-year old daughter. Her dream is to obtain a housing subsidy so she can have her own house and provide her family with a better standard of living.

She is very grateful to Kiva partner Fondo Esperanza for this opportunity to invest in her business. As well she really enjoys participating in the meetings because of the commitment and organizational skills of the group.

Estación Central is a district with a plaza in the central area of Santiago (capital of Chile) which owes its name to the Central Train Station built in 1887 and declared a National Monument in 1983. At the beginning, this station and the Mapoche station were the entry points to the city on the Valparaíso-Santiago route as well as from the south part of the country.
View original language description ↓
Éste banco comunal se llama “Violeta Parra” y está conformado por 19 integrantes, pertenecientes a la comuna de Estación Central ubicada en la ciudad de Santiago.
Todos ellos se dedican a diferentes rubros, entre éstos se encuentran la venta de abarrotes, frutas, verduras y costuras, en diferentes puestos ubicados en la feria.
Ana quien en la foto aparece en el primer lugar del lado izquierdo, además viste una polera color fucsia y buzo gris. Se dedica a vender comida rápida, específicamente completos, empanadas y desayunos para los trabajadores y clientes de la feria libre en la cual instala su puesto. Trabaja en éste rubro desde hace 1 año, los días jueves, sábados y domingos, de las 6ºº am hasta las 16ºº horas pm. Su mercadería e ingredientes los compra generalmente en la vega de Lo Valledor, ésta es una feria de frutas, verduras y abarrotes, preferentemente para comerciantes.
Por ahora Ana no se encuentra trabajando, ya que está embarazada y su estado de salud es delicado, por lo que debe mantener reposo en cama. Su edad de gestación es de 6 meses. De esta manera retomará sus actividades cuando se encuentre mejor.
El crédito lo utilizará para comprar mercadería y una cocina.
Sus metas son tener un local establecido en su misma casa, para vender sus comidas, además Ana tiene conocimientos de calidad y manipulación de alimentos y sus motivaciones de continuar con el negocio son debido a sus hijos, ya que de ésta manera los podría cuidar con mayor facilidad y flexibilidad horaria.
Ana vive junto a su suegra, su tío, su marido y su hija de 8 años de edad. Sus sueños son obtener el subsidio habitacional, para optar a su casa propia y así brindarle a su familia una mejor calidad de vida.
Ella está muy agradecida de Fondo Esperanza, por la oportunidad que le ha brindado para invertir en su negocio. Además le gusta mucho participar de las reuniones, debido a la solidaridad y organización existente al interior del grupo de emprendedores.
Estación Central es una comuna emplazada en el área céntrica de Santiago (capital de Chile), que debe su nombre a la Estación Central de Ferrocarriles, que data del año 1887, declarada Monumento Nacional en 1983. En sus inicios esta estación, junto con la estación Mapocho, fueron la entrada a la capital en el tramo Valparaíso - Santiago y también desde la zona sur del 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

  • $14,900
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,587,775
    Funds lent in using Kiva
  • 471.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Violeta Parra Group's $4,925 loan helped a member para comprar mercadería y una cocina.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 19, 2011
Listed
May 28, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011