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Creando Futuro Group
In this Group: Ximena, Evelyn, Pablo , Eliana, Nicole, Meliza, Edith, Ingrid, Paula, Vivian, Sergio, Angela, Luis, Maritza, Soledad, José, Jovel , María
This Communal Bank is called “Creando Futuro” (Creating the Future) and consists of 18 entrepreneurs. They are from the community of Independencia in the city of Santiago. All of them engage in businesses such as trade, selling fast food, selling used clothing, selling wool, selling baby clothes, selling school supplies, selling fruit, and offering sewing services.


In the photograph, Ximena is one of the women standing on the right side. She has short brown hair, but only her face is visible in the photo. Ximena prepares and sells sopapillas, empanadas, rolls, tea, and coffee. She has been in this business for two years. Ximena sells at an open market on Tuesdays and Thursdays. On the weekends, she has a business set up at a “persa” (a large fair).


During the spring and summer seasons, Ximena makes and sells tropical juices. To do this, she buys fruit twice a week so that she can stock her inventory. In the winter, Ximena buys her merchandise at stores because the cost of supplies is more affordable. With this loan, she will buy a larger cart. She needs to renovate the infrastructure of her business, and this cart will give her more space. Ximena is making this investment with her husband because he plans to use it to move his merchandise. He works at the open market selling other types of products. This new cart will allow her to obtain a permit so that she can sell her products without difficulty.


Ximena lives with her husband and two daughters. One of her daughters helps her on the weekends with generating sales for her business. She dreams of improving her family’s socioeconomic status and providing her daughters with an education.


Ximena has a perfect attendance record at the training seminars. The last course she took was in hairstyling and now she is enrolled in a computer course. Her motivation to learn and expand her knowledge will help her have a more stable business in the future. She is very pleased and grateful for the support that Fondo Esperanza has provided through the training classes and the loans.


Independencia is one of 34 communities that make up the city of Santiago, the Chilean capital. It is located in the north-central section. Independencia emerged in the late nineteenth century as a traditional section of the city. The main thoroughfare is Independencia Avenue, which intersects with the old Inca Trail, the gateway to the north and to the city of Santiago. Given the growing indigenous population, Independencia became the Indigenous Cultural Center of Chile. It also has major historical buildings, including six Chilean historical monuments.

View original language description ↓
Éste banco comunal se llama “Creando Futuro”, está conformado por 18 emprendedores, pertenecientes a la comuna de Independencia, ciudad de Santiago. Todos ellos se dedican al rubro del comercio, vendiendo comida rápida, ropa de segunda mano, lanas, ropa de bebé, artículos escolares, frutas y servicio de costuras.
Ximena quien en la foto se encuentra de pie, al lado derecho del grupo, se destaca porque usa su cabello corto y su color es castaño claro, en ésta fotografía sólo aparece su rostro. Ella se dedica a la producción y venta de sopaipillas, empanadas, arrollados, té y café. Realiza éste oficio desde hace 2 años, vendiendo en una feria libre los días martes y viernes y los fines de semana instala su negocio en un persa (feria libre más grande).
Durante la temporada primavera verano Ximena se dedica a la producción y venta de jugos tropicales, para esto compra frutas dos días a la semana, para abastecerse con insumos. Durante ésta temporada de invierno Ximena compra su mercadería en comercios donde el costo de insumos es más conveniente.
Con el crédito comprará un carro más grande, por lo que necesita renovar la infraestructura y que éste sea más grande. Ésta inversión la realizará junto a su marido, ya que él también necesita de éste para trasladar su mercadería, ya que trabaja en una feria libre vendiendo otro tipo de productos. Éste nuevo carro además le permitirá acceder a un permiso para vender sus productos sin dificultad.
Ximena vive junto a su marido y sus dos hijas, una de ellas los apoya con las ventas en sus negocios los fines de semana. Sus sueños son brindarle a su familia una mejor calidad socioeconómica y a sus hijas en su educación.
Ximena asiste generalmente a cursos de perfeccionamiento, el último de ellos fue un curso de peluquería y en la actualidad realizará un curso de computación. Su motivación de aprender y conocer se debe a que Ximena anhela incursionar en el futuro en un negocio más estable.
Ximena está muy contenta y agradecida del apoyo brindado por Fondo esperanza en cuanto a las capacitaciones y crédito.
Independencia es una de las 34 comunas que componen la ciudad de Santiago (capital de Chile), ubicada en el sector centro-norte. Surgió a fines del siglo XIX como un sector tradicional de la ciudad. Su eje principal es la Av. Independencia, por la cual pasaba el antiguo Camino del Inca, puerta de entrada por el norte, a la ciudad de Santiago. Dada su amplia población indígena, en Independencia se encuentra el Centro Cultural Indígena de Chile. Cuenta también con importantes construcciones históricas, entre ellas 6 monumentos históricos de Chile.

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
  • 467.6
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Creando Futuro Group's $3,775 loan helped a member to purchase a large vending cart.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 30, 2011
Listed
Jun 18, 2011
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2011