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Despertar Group
In this Group: Erika, María, Marla, Ricardo, Elsa, María, Eduardo, Ruth, María, Roxana, Patricio, Claudio, Ricardo, Hortensia, Rosa, Silvana, Alejandro, Daniela
This communal bank is called “Despertar” (To Awaken) and is composed of 18 entrepreneurs who are in a variety of businesses such as: underwear sales, honey and vegetable sales, marmalade making and selling, drape and curtain making, metallic structure manufacturing. All are from the city of Talca.

Erika, who in the photo appears seated in the first row on the first spot from left to right and is wearing a white jacket with a lilac kerchief around her neck, sells used clothes at home all day and on weekends at a farmers market. Her customers are recurring so she knows them and gives them easy payment terms. She buys her merchandise, specifically bundles of clothes, every three months in the city of Santiago.

In the next few months, Erika will start a new business selling snacks, beverages and sandwiches. To do so, she’s awaiting delivery of a sales kiosk that she’ll set up outside a school. She will, therefore, invest the loan money in merchandise to stock her new business. If it doesn’t work out for her though, she’ll buy more bundles of clothes to stock her original business.

Her goals are to finally be able to make the new business a reality and to provide work for her daughter-in-law while Erika will be able to split her time among both businesses. Besides, she’d like her clothing sales business to expand and to build a shed in her yard to set it up as a clothing store with dressing rooms and display cases included.

Erika lives with her husband, her 18-year-old daughter and 9-year-old granddaughter. Her dream on a personal level is to have an independent business that will allow her to have a better quality of life for her family.

She is very grateful to Fondo Esperanza. She likes taking part in the meetings very much because she learns from the trainers. Besides, she’s managed to apply what she’s learned to her business; she now spreads out her expenses and is more organized.

Talca is part of the Maule region located in the center of our country. It is the region’s administrative, economic and cultural center being the most important city in Chile’s Central Valley. There is a curious reference to Talca in Chile, the phrase: “Talca, Paris and London.” Among the myths relating to it, some say it derives from what an Englishman once said: “Talca parece Londres,” because of the abundant 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 “Despertar” está conformado por 18 emprendedores que se desempeñan en diferentes negocios, los cuales son venta de ropa interior, venta de miel y legumbres, producción y venta de mermeladas, confección de cortinaje, fabricación de estructuras metálicas. Todos ellos pertenecientes a la ciudad de Talca.
Erika quien en la foto aparece sentada en primera fila y ocupa el primer puesto de izquierda a derecha, viste una casaca color blanco y un pañuelo color lila en el cuello, ella se dedica a vender ropa de segunda mano en su casa durante todo el día y los fines de semana, vende ropa en una feria libre. Sus clientes son frecuentes por lo tanto ya los conoce y les brinda facilidades de pago. Ella compra su mercadería, específicamente dos fardos de ropa, cada tres meses en la ciudad de Santiago.
Erika en los próximos meses comenzará otro negocio y será la venta de confites, bebidas y sándwich, para ello está esperando que le entreguen un kiosco que ubicará afuera de un colegio, por lo que invertirá el dinero del crédito en mercadería para abastecer su nuevo negocio. Si éste no llegase a funcionar comprará más fardos de ropa para abastecer su primer negocio.
Sus metas son concretar finalmente éste anhelo del nuevo negocio y darle trabajo a su nuera, así Erika tendrá la posibilidad de distribuir su tiempo de acuerdo a sus dos negocios. Además desearía que su negocio de venta de ropa se expandiera y poder fabricar un galpón en el patio de su casa para habilitarlo como tienda de ropa, con probadores y exhibidores incluidos.
Erika vive junto a su esposo, su hija de 18 años y su nieta de 9 años de edad. Sus sueños a nivel personal son tener un negocio independiente que le permita tener una mejor calidad de vida para su familia.
Ella está muy agradecida de Fondo Esperanza. Le gusta mucho participar de las reuniones, ya que aprende con las capacitaciones, además ha podido integrar estos conocimientos a su negocio, por lo que ahora distribuye sus gastos y se encuentra más organizado.
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

  • $14,900
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,552,775
    Funds lent in using Kiva
  • 469.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Despertar Group's $4,925 loan helped a member to buy snacks, beverages and clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 24, 2011
Listed
Jun 9, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011