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Llauquen Group
In this Group: Nilda, Rebeca, María, Jose, Debora, Ninfa, Marcia, Karin, Tania, Cristina, Karla, Betzabe, María José , Mariana, Yanara, Doris, Manuel
This communal bank is called "Llauquen" and is comprised of 17 entrepreneurs who are active in traditional food making activities and clothing and perfume sales. All of them are from the city of Castro.

Nilda is the president of the communal bank and is the first one standing on the left. She makes and sells traditional food in southern Chile. Among her products are milcao, chuchoca, meat pies, home-made bread and curanto. She has been in this business for 14 years and runs it out of her home. She has a gas stove, firewood, serving trays, and metal pots. Her workday is flexible and the summer season is when her foods are in highet demand because of the local festivities and fairs. She buys ingredients at the supermarkets where prices are lower. With the loan she will buy gas, potatoes, flour and a dough stretching machine.

Her goals are to expand her business and build a stand where her customers can enjoy the food directly. Nilda makes lard out of pork that she butchers locally and mixes with other foodstuffs.

Nilda lives with her husband and her two children, ages 19 and 17, who help her market her food and attract customers. One of her dreams is to see her children finish their education so they can get a better job. She also wants to travel around the country and visit different locations.

She is very happy and grateful for the services she receives through the Fondo Esperanza, since this allows her to have the necessary capital to invest in her business. She also enjoys the cheerfulness and affection at the meetings at the communal bank, since the group is very united and supportive.

Castro is the capital of the island of Chiloé (the largest in South America), in the region of Los Lagos, in Chile's austral south area. Its natural landscape is almost totally preserved from human intervention. It also has a richly mythical, traditional culture. One of the great attractions are the houses called Palafitos which are built on wooden stilts out over the sea.
View original language description ↓
Este banco comunal se llama “Llauquen”, está conformado por 17 emprendedores que se desempeñan en los rubros de preparación de comida costumbrista, venta de ropa y perfumes. Todos ellos pertenecientes a la ciudad de Castro.
Nilda quien es la presidenta del banco comunal y que en la foto se encuentra de pie en el primer lugar de izquierda a derecha. Se dedica a la preparación y venta de comida costumbrista de la zona del sur de Chile. Entre estas preparaciones se encuentran el milcao, chuchoca, empanadas, pan casero y el curanto. Se desempeña en este rubro desde hace 14 años, ocupa su casa para la preparación de esta comida, para esto cuenta con una cocina a gas, a leña, fuentes, peroles (Recipiente de metal en forma de media esfera y generalmente con dos asas que se usa para cocinar ) y ollas. Comenta que su horario es totalmente flexible y que la temporada de más alta demanda es durante el verano, ya que se realizan muchas fiestas costumbristas y ferias. Sus ingredientes los compra generalmente en supermercados, donde los precios sean más económicos.
Con el crédito comprará gas, papas, harina y una maquina extendedora de masa.
Sus metas son expandir su negocio y construir un quincho para ofrecer sus comidas en el mismo lugar para que sus clientes consuman directamente el producto. Ya que Nilda se dedica al Reitimiento consiste en la matanza y posterior cocción de un chancho (cerdo) y otros alimentos en un caldero para obtener manteca.
Nilda vive junto a su marido y sus dos hijos de 19 y 17 años de edad, quienes le ayudan a promocionar sus comidas y atraer nuevos clientes. Uno de sus sueños es que uno de sus hijos termine de estudiar, ya que así podrá optar a mejores trabajos. Además le gustaría viajar dentro del país para conocer algunos lugares.
Ella está muy contenta y agradecida de los servicios otorgados por Fondo Esperanza, debido a que puede contar con un capital que le permita invertir en su negocio. Además disfruta con mucha alegría y cariño las reuniones del banco comunal, ya que el grupo es muy unido y solidario.
Castro es capital de la isla de Chiloé (la isla más grande de América del Sur), en la región de Los Lagos, zona sur austral de Chile. Su paisaje natural se conserva casi en su totalidad sin intervención del hombre. Además posee una cultura de gran riqueza mítica y costumbrista. Uno de sus grandes atractivos son sus Palafitos, edificaciones (casas) construidas sobre pilotes de madera en la ribera, sobre el mar.

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
  • 462.6
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Llauquen Group's $2,800 loan helped a member to buy gas, potatoes, flour and a dough stretching machine.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 30, 2011
Listed
Jul 25, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011