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Mirando Al Futuro Group
In this Group: Nancy, Hervin, Víctor, Hernán , Magaly, Marcela , Mirta , Sabina, Eliana, María, Gabriela, Gustavo, Mauricio, Victoria, Ernesto, María, Carolina
This communal bank is called "Looking at the Future" and is composed by 17 members who are dedicated to differing activities, among them the making of empanadas, tortillas, sale of firewood and coal, also sale of groceries in a mini market. They are all from the city of Chilan. Nancy, who in the picture is in the first row, second from the right, is dressed in a black jacket, pink polo shirt and boots on top of her jeans. She has been a seamstress for the last 21 years, and has a shop in her home.
Nancy makes her clothing based on the season and the orders she receives from her customers. Her customers are frequently students during the school season, for the independence holiday season (Chilean independence day festivities) her clothing is based on native folk attire. Starting with the month of August her sales increase due to the making, renting and selling of costumes. In her shop Nancy has the necessary machinery to carry out her craft, an overlock machine, a multipoint and a straight machine. She says that her sales are doing well.
She buys her supplies in stores that specialize in sewing supplies.
With the loan she will buy material, elastic, thread and sequins, specifically supplies to make costumes.
Her goals are to continue working in her business to increase her income. She would like to perfect her ability to make costumes and she wishes to have a store specializing in the sale and rental of these.
Nancy lives with her husband and two children of 11 and 13 years of age. Her dreams for her family are for her children to become independent and professionals. She also finds herself helping her husband with the start of a grocery store business.
Nancy is very happy and grateful with the help that she gets from the Esperanza Fund. She says that the meetings have been a way to meet and share experiences from different point of view. This way confidence and solidarity is generated with the other member of the communal bank group. Besides, the group is very caring and committed.
Chillán is a community in the south central area of Chile. The name means " seat of the sun" in mapudungun, the language of the indigenous Mapuches. Chillán is known as the "cradle of the country" or "land of artists", due to several famous persons in Chile's history being born there, as for example the known pianist Claudio Arrau.
View original language description ↓
Éste banco comunal se llama “Mirando al Futuro” conformado por 17 socios que se dedican a diferentes rubros, entre ellos elaboración de empanadas, tortillas, ventas de leña y carbón, además ventas de abarrotes en un minimarket. Todos ellos pertenecientes a la ciudad de Chillán.
Nancy quien en la foto aparece en primera fila y segunda del lado derecho, viste una chaqueta color negro, una polera color rosado y calza botas encima de sus jeans. Se dedica a la realización de costuras desde hace 21 años, para esto cuenta con un taller de corte y confección al interior de su casa.
Nancy realiza sus confecciones de acuerdo a las temporadas del año y pedidos que le realicen sus clientes. Sus clientes frecuentes son estudiantes durante la temporada de colegio, para la temporada de fiestas patrias (fiesta costumbrista de la independencia de Chile), sus confecciones son en base a trajes folklóricos. A partir del mes de agosto en adelante sus ventas aumentan debido a la confección, arriendo y venta de disfraces.
En su taller Nancy cuenta con la maquinaria necesaria para desempeñarse en sus labores, una overlock, una maquina multipunto y una maquina recta. Comenta que le va muy bien con sus ventas.
Su mercadería la compra en tiendas especializadas en ofrecer insumos de costuras.
Con el crédito comprará género, elástico, hilos y lentejuelas, específicamente insumos para la confección de disfraces.
Sus metas son seguir trabajando en su negocio para aumentar sus ingresos, le gustaría perfeccionarse en la confección de disfraces y anhela tener una tienda especializada en el arriendo y venta de éstos.
Nancy vive junto a su marido y sus dos hijos de 11 y 3 años de edad, sus sueños a nivel familiar es que sus hijos algún día se independicen y sean profesionales. Además se encuentra ayudando a su marido con el negocio de venta de abarrotes que quiere comenzar.
Nancy está muy contenta y agradecida del apoyo brindado por Fondo esperanza, comenta que las reuniones han sido un espacio para compartir y conocer otras experiencias desde otro punto de vista. De ésta manera se ha generado confianza y solidaridad con las demás socias del grupo del banco comunal. Además es un grupo solidario y comprometido.
Chillán es una comuna de la zona centro sur de Chile. Su nombre significa “silla del sol” en mapudungun, idioma de nuestros indígenas mapuches. Chillán es conocida como “Cuna de la Patria” o “Tierra de Artistas”, debido a que en la ciudad han nacido destacados personajes de la historia de Chile, como por ejemplo el conocido pianista Claudio Arrau.

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
  • 472.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mirando Al Futuro Group's $2,550 loan helped a member to purchase material, elastic, thread and sequins, specifically supplies for the making of costumes.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 27, 2011
Listed
Jun 23, 2011
Currency Exchange Loss:
Possible
Ended:
Sep 15, 2011