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San Miguel Juntos Podemos Group
In this Group: Elizabeth, Priscila, Edith, Ada, Felicidad, Valeria, Claudia, Felipe, Margarita, Ruth, Daniela, Susana , Ana , Sandra , Marina, Jessica, Carolina, Gladys, Danitza, Johanna, Carolina, Jenny, María, Flavia, Guillermo
This communal bank is called "San Miguel Juntos Podemos" and comprised of 17 entrepreneurs who are involved in activities such as a bakery, food, groceries, clothing and cell phones sales. They all belong to the Puente Alto community in the city of Santiago. Elizabeth, who is pictured standing standing in the back, is dressed in a white, striped top and wearing glasses, She makes and sells bread and has been in business for a year and six months. She has a firewood oven in her house where she bakes the bread. She works every day from 2:00 p.m. until 9:00 p.m. She usually buys her supplies in wholesale supermarkets. With the loan she plans to buy materials to make a new bread-baking oven. She will set it up in the patio of her house. Her goal is eventually to change business and set up a cybercafé with her husband as a partner.

She lives with her husband and three children, ages 10, 7 and 2. Her dream is to see her family get ahead and lead a better lifestyle. She is motivated by the fact that she has a flexible work schedule which allows her to spend more time with her children.

Elizabeth is very grateful to Fondo Esperanze and she enjoys participating in the meetings, especially because of the fellowship and confidence she has in the group. Puento Alto is a community north of Santiago, the capital of Chile. It was founded as a small rural village at the end of the XIX Century, but due to demographic expansion is one of the most populated communities in Chile, with more than 600,000 inhabitants. It is the entranceway into the Andean foothills in the metropolitan area known as Cajón del Mapio, which has many trails, routes, rafting and other activities as well as accommodation and food services.
View original language description ↓
Este banco comunal se llama “San Miguel Juntos Podemos” conformado por 17 emprendedores que se desempeñan en los rubros de amasandería, venta de alimentos, abarrotes, ropa y celulares, principalmente sus negocios se encuentran en una feria libre. Todos ellos pertenecientes a la comuna de Puente Alto, ciudad de Santiago.
Elizabeth, quien en la foto se encuentra de pie al fondo del grupo, viste una polera color blanco a rayas y usa anteojos. Se dedica a la producción y venta de pan amasado, desde hace 1 año y 6 meses. Vende pan amasado en su misma casa y para la cocción del pan cuenta con un horno de tambor a leña.
Elizabeth trabaja todos los días en éste negocio a partir de las 2ºº de la tarde, hasta las 9ºº de la noche.
Su mercadería la compra generalmente en supermercados mayoristas.
Con el préstamo comprará materiales para fabricar un horno nuevo para la cocción de su pan. Éste lo pondrá en el patio de su casa.
Sus metas son cambiar de rubro e instalar un ciber café junto a su marido como socio.
Ella vive junto a su marido y sus tres hijos de 10, 7 y 2 años de edad. Sus sueños son sacar adelante a su familia y poder brindarles una mejor calidad de vida. Su motivación de continuar con el negocio se debe a la flexibilidad en su horario que le permite estar con sus hijos la mayor cantidad de tiempo posible.
Elizabeth está muy agradecida de Fondo Esperanza le gusta mucho participar de las reuniones, sobre todo por la buena convivencia y confianza experimentada en el grupo y además le sirve como distracción.
Puente Alto es una comuna ubicada al norte de Santiago, capital de Chile. Fue fundada como un pequeño pueblo rural a fines del siglo XIX, pero dado su crecimiento demográfico es actualmente una de las comunas con mayor población de Chile, superando los 600 mil habitantes. Es la puerta de entrada a uno de los sectores precordilleranos de la región Metropolitana, conocido como el Cajón del Maipo, sector con espacios de caminatas, cabalgatas, rafting, entre otras actividades y servicios de alojamiento y alimentación.

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
  • 468.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of San Miguel Juntos Podemos Group's $4,750 loan helped a member to buy materials to make a new oven to bake bread.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 3, 2011
Listed
Jun 8, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011