Check out some available loans that are similar to this one!
Fenix Group
In this Group: Sara, Eliana, María, Isac, Andrea, Laura, Teresa, Ilia, Wilma, Karin, Liset, María, Katty, Veronica, Roxana, Magdalena, Marcela, Lucinia
This community bank is called “Fénix” (Phoenix). It is made up of 18 entrepreneurs who work in different businesses including: a bakery, a hairdressing salon, a food sales business and a dressmaking business. They all live in the city of Talca.

Sara is in the front row of the photo, second from the left, wearing a purple sweater and jeans. During the week, she sells charcoal from her home. On weekends, she makes and sells fast food, specifically 'sopaipillas' (a type of fried pastry or quick bread), cheese empanadas and fries. She works from 4.00pm to 3.00am as this is when her customers come to her business. She sets herself up with a grill on a corner near her home.

Sara has been working in this field for one year. She says that things have gone very well since she started her business. She buys the ingredients that she uses to prepare her food in wholesale supermarkets and from a farmers' market.

Sara will use her loan to buy charcoal, a 100kg bag of flour, yeast, oil, salt, potatoes and paper bags. Sara's dream is to own a car.

Sara lives with her husband and they are waiting to move into their own home which will be sometime in the coming year. Depending on this move, Sara plans to set up her business in her new home.

Sara is very happy and grateful for the loan from Fondo Esperanza as it has helped her to invest in her business and make more profits. The community bank that she belongs to is very united and Sara has been able to listen to the business experiences of other members. In addition, she is very motivated and participates actively in the meetings as she is the bank's secretary.

Talca is in Maule region which is located in the central area of the country. It is an administrative, financial and cultural center of the region as it is the most important city in the Chilean Central Valley. There is a curious expression in Chile "Talca, París y Londres' (Talca, Paris and London). Among the different suggestions about where the saying comes from, some say that it comes from something that an English person originally said "Talca parece Londres" (Talca is like London) owing to the abundant mist that frequently covers the city in winter, just like it does in the English capital.
View original language description ↓
Este banco comunal se llama “Fénix” está conformado por 18 emprendedores que se dedican a diferentes rubros, entre ellos amasandería, peluquería, venta de alimentos, corte y confección. Todos ellos pertenecientes a la ciudad de Talca.
Sara quien en la foto se encuentra en primera fila, en el segundo lugar de izquierda a derecha, vistiendo un sweater color morado y jeans. Se dedica durante la semana a la venta de carbón, labor que realiza desde su casa. Durante los fines de semana se dedica a preparar y vender comida rápida, específicamente sopaipillas, empanadas de queso y papas fritas. Su horario laboral es a partir de las 16ºº horas hasta las 03ºº de la madrugada, ya que es durante éste horario en el cual los clientes frecuentan su negocio. Ella se instala con una parrilla, en una esquina cercana a su casa.
Sara trabaja en éste rubro desde hace un año, comenta que le ha ido muy bien desde que inició su negocio. Los ingredientes para preparar sus alimentos los compra en supermercados mayoristas y en una feria de agricultura.
Con el crédito comprará carbón, un quintal de harina, levadura, aceite, sal, papas y cartuchos de papel.
Sus metas son tener un carro que cuente con las condiciones de salubridad, específicamente agua.
Sara vive junto a su marido y está esperando la entrega de su casa propia, ésta será durante el próximo año. Dependiendo de ésta entrega Sara pretende instalar su negocio en su casa nueva.
Ella se encuentra muy contenta y agradecida del crédito entregado por Fondo Esperanza, ya que le ha servido para invertir en su negocio y generar mayores ganancias. Respecto al grupo del banco comunal al cual pertenece, éste es muy unido y Sara ha podido conocer otras experiencias de socias con sus negocios. Además está muy motivada y participa activamente de las reuniones, puesto que es secretaria del banco comunal.
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

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 467.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Fenix Group's $4,650 loan helped a member to buy charcoal, a 100kg sack of flour, yeast, oil, salt, potatoes and paper bags.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2011
Listed
Jul 17, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011