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El Esfuerzo Group
In this Group: Griselda, Juan , Marcelina, Víctor, Gladis, Omar, Sandra, Milda, Iris, Ubaldina, Vicente, Asael, Olga, Eladia, Máximo, Luis , Luis, Nancy, Yasna, Nathalie
This communal bank is called "El Esfuerzo" (Effort). It is made up of 20 entrepreneurs who work in different fields, including candy sales, tailoring, and fast food. They are all from Valdivia city.

Griselda, who in the photo is standing in the middle of the group, wearing a black jacket and pink scarf, has worked as a confectioner for four years, selling candy, cookies, chips, and other items. She sells her goods from a tricycle, stopping outside clinics, schools and fairs. Her timetable is flexible, as during the week she works from 8 a.m. to 3 p.m. and on Sunday morning she sells her goods at the open market.
She buys her merchandise from a distributor in Osorno city.

With the loan, she will buy merchandise to stock up her confectionery business.
Her goal is to stock up her business, especially so that she can sell ice cream during the summer, as this will allow her to generate more income and thus rent a kiosk and have a more stable business.

Griselda lives with her husband and six-year-old child. One of her dreams is to have her own house, and for this she has applied for a the housing subsidy. Another of his wishes is that her child should have a professional career.

She is very happy and grateful for the loan obtained through Kiva Field Partner, Fondo Esperanza, as it has allowed her to invest in her business with the possibility of generating higher profits.
Also, during the communal bank meetings, she has been able to meet the other members.

Valdivia is a city in southern Chile, located in the Los Rios region. It is known for having one of the few navigable rivers in Chile, the Calle-Calle. Valdivia has, among its main economic activities, a shipbuilding industry, a timber industry, a paper mill, a pulp mill (Celco), a brewery and mills. Tourism plays an important role, as well as educational services, led by the Universidad Austral de Chile.
View original language description ↓
Este banco comunal se llama “El Esfuerzo” está conformado por 20 emprendedores que se dedican a diferentes rubros, entre estos se encuentran venta de confites, corte y confección, además de locales de comida rápida. Todos ellos pertenecientes a la ciudad de Valdivia.
Griselda quien en la foto se encuentra de pie en el medio del grupo, vistiendo una chaqueta color negro y una bufanda color rosado. Se dedica a la confitería desde hace 4 años, vendiendo confites, galletas, papas fritas, entre otros. Su negocio lo traslada en un triciclo y se ubica afuera de consultorios, colegios y ferias. Su horario es relativo, ya que durante la semana trabaja de 8ºº de la mañana hasta las 03ºº de la tarde y el día domingo durante la mañana, que es cuando vende en la feria libre.
Su mercadería la compra en una distribuidora en la ciudad de Osorno.
Con el crédito comprará mercadería para surtir su negocio de confitería.
Sus metas son surtir su negocio, principalmente durante la temporada de verano para vender helados, ya que con esto pretende generar mayores ingresos para arrendar un kiosco y así tener un negocio más estable.
Griselda vive junto a su esposo e hijo de 6 años de edad. Uno de sus sueños es acceder a su vivienda propia para esto postuló al subsidio habitacional. Otro de sus anhelos es que su hija sea una profesional.
Ella está muy contenta y agradecida del crédito obtenido por Fondo Esperanza, ya que le ha servido para invertir en su negocio y con esto la posibilidad de generar mayores ganancias.
Además durante las reuniones del banco comunal, ha podido conocer a los demás socios.
Valdivia es una ciudad del sur de Chile, ubicada en la región de Los Ríos. Se destaca por tener uno de los pocos ríos navegables de Chile, el Calle Calle. Valdivia presenta, dentro de sus principales actividades económicas, la industria de la construcción naval, maderera, papelera, celulosa (Celco), cervecera y molinera. El turismo desempeña un papel importante, como también los servicios educacionales universitarios, encabezados por la Universidad Austral 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
  • $2,587,775
    Funds lent in using Kiva
  • 462.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Esfuerzo Group's $3,700 loan helped a member to buy merchandise to stock up her confectionery business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 5, 2011
Listed
Jul 19, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011