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Algarrobo Group
In this Group: Bernardita, Rosa, Jennifer, Victoria, Gloria, Ana, Soledad, Cristobalina, María, Daniela, Sebastián, Gladys, Madelaine, Raquel, Sergio, Jenny, Patricio, Romy, Verónica, Fabiola, María, Ana María
This communal bank, called Algarrobo, is made of 22 members, who work in diverse fields, principally artisan crafts, shoe-making, selling plants and making curtains. They all live in the city of Valparaíso.

Bernardita, who is bent down in the photo and wearing an orange kerchief, works doing all types of crafts, including re-upholstery, pottery, work in leather, and work in wood. She also works on a loom and often uses recycled materials. She has had the workshop where she does her work for 9 years and they call it the "multiple" workshop because she of the diversity of artwork that she produces. To make her crafts, Bernardita buys wood at low prices, but most of her other heavy materials are recycled.

She takes commissions but also creates her own innovative work like wooden signs. With the loan, she will buy sandpaper, paint, wool, paint thinner, Betumen of Judea (used to create a patina effect) and will repair an electric tool that she uses in her artwork.

Her goals are to continue developing classes and workshops to keep her craft skills up to date. Her dreams are also to share and transmit to the other members of the communal bank everything she has learned about crafts. She wants to continue being an artist and to continue working. Bernardita completed free classes in weaving with the Mapuche (indigenous people of Chile). She is very grateful for the opportunity that Fondo Esperanza has given her, not just for the loans but also for the values that Fondo Esperanza promotes, like solidarity and trust.

Valparaíso is located 120 kilometers northeast of Santiago. It is the regional capital and also the headquarters of the country's legislature. It is Chile's first port and offers a great variety of beautiful and picturesque places, like the home of Pablo Neruda, winner of the Noble Prize for his poetry.
View original language description ↓
Este banco comunal se llama “Algarrobo” y está conformado por 22 socios, quienes se dedican a diversos rubros, principalmente comerciantes, artesanía, zapatería, cortinaje y venta de plantas. Todos ellos pertenecientes a la ciudad de Valparaíso.
Bernardita, quien en la foto se encuentra agachada y viste una pañoleta color naranjo, se dedica al rubro de la artesanía en general, desde retapicería, alfarería el trabajo en cueros, en madera, también realiza telares y ocupa material de reciclaje. El taller donde realiza su artesanía lo tiene desde hace 9 años y lo denomina taller múltiple debido a la diversidad de trabajos que puede realizar. Para realizar su artesanía Bernardita compra leña a bajo costo, pero generalmente los materiales gruesos son reciclados.
Sus productos también los realiza a pedido, pero también realiza artesanía innovadora, como letreros de madera.
Con el préstamo comprará lijas, pinturas, lanas, diluyentes, betún de Judea y además mandará a reparar una herramienta eléctrica para utilizarla en su artesanía.
Sus metas son seguir desarrollando cursos y talleres para mantener activos los conocimientos artesanales. De ésta manera sus sueños son compartir y transmitir con las demás socias los aprendizajes en artesanía. Anhela seguir siendo artesana y continuar trabajando.
Bernardita realiza cursos en forma gratuita de telares con la cultura mapuche.
Ella está muy agradecida de la oportunidad que le ha brindado Fondo Esperanza, no solo por el crédito sino también por los valores que fomenta Fondo Esperanza, en cuanto a la solidaridad, la unión y la confianza.
Valparaíso está situado a 120 kilómetros al noroeste de Santiago. Es la capital regional y además sede del poder legislativo del país. Es el primer puerto de la nación y ofrece gran variedad de lugares hermosos y pintorescos, como por ejemplo la casa del poeta Pablo Neruda, ganador del Premio Nobel.

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
  • 466.3
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Algarrobo Group's $3,325 loan helped a member to buy sandpaper, paint, wool, paint thinner, Betumen of Judea (used to produce a patina effect) and get an electric tool repaired that she uses in her crafts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2011
Listed
Jun 12, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011