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Sol De Cayumanqui Group
In this Group: Sandra, Edith, Yenny, Gladys, Priscila, Paulina, Ximena, Ramón, Priscila, Orlando, Richard, Héctor, María, Blanca, Nieves, Marcelo, Bárbara
This communal bank is called “Sol de Cayumanqui” and is composed of 17 entrepreneurs who are in a variety of occupations. Among them are: children’s clothing sales, grocery sales, running a kiosk, pastry making and services. All of them are from the city of Chillán.

Sandra, who in the photo is in the middle wearing a gray jacket, black pants and purse and has her hair gathered up, runs a kiosk in her front yard where she sells groceries and snacks. She’s been in this line of work for two years. She buys her merchandise from suppliers and wholesale supermarkets. She comments that she sells lots of snacks and that’s kept her business well. However, selling groceries has been somewhat difficult because of competition. Her work schedule is all day, every day of the week. This way she does not lose any customers or any sales. She will use the loan to buy candy, cookies, flavorings for milk, peaches and canned fish. Her business goals are to prosper and to generate higher income to provide for her home economically and attain a better quality of life.

Sandra lives with her husband and two children who are 19 and 9 years of age. Her oldest daughter is taking classes at a university prep school to get ready to take her university admission test. Her dream is that she’ll be able to study a university career and attain a professional degree. Another of her dreams is to go on vacation with the entire family to various places in the country.

Sandra is very happy with and grateful for the services obtained from Fondo Esperanza and stresses proudly the values that are instilled in the institution, like honesty and solidarity, to incorporate into the communal bank group. She comments that she’s learned from the training sessions and is now generating strategies to innovate her business to acquire a larger number of customers. In this way she plans to incorporate home-made jams and pastry items that she herself makes.

Chillán is a commune in south-central Chile. Its name means “chair of the sun” in Mapudungun, the indigenous Mapuche language. Chillán is known as the “Nation’s Cradle” or “Land of Artists” because many outstanding figures in Chile’s history were born here, like the well-known pianist, Claudio Arrau.
View original language description ↓
Este banco comunal se llama “Sol de Cayumanqui” está conformado por 17 emprendedores que se dedican a diferentes rubros entre los cuales se encuentran venta de ropa para niños, venta de provisiones, atención en un kiosco, repostería y servicios. Todos ellos pertenecientes a la ciudad de Chillán.
Sandra quien en la foto se encuentra en el lugar de al medio, vistiendo una chaqueta color gris, pantalones y cartera color negro y que además usa su cabello tomado. Se dedica a atender un kiosco que tiene ubicado en el patio de su casa, ahí vende preferentemente provisiones y confites. Se dedica a éste rubro desde hace dos años. Su mercadería la compra en distribuidoras y supermercados mayoristas. Comenta que vende muchos confites y esto ha mantenido bien su negocio, sin embargo la venta de provisiones se ha dificultado debido a la competencia de los negocios. Su horario de trabajo es durante todo el día, y todos los días de la semana, de ésta manera no pierde clientela, ni ventas.
Con el crédito comprará dulces, galletas, saborizantes para la leche, duraznos y pescado en conserva.
Sus metas en su negocio son prosperar y generar mayores ingresos para aportar económicamente en su casa y optar a una mejor calidad de vida.
Sandra vive junto a su marido y sus dos hijos de 19 y 9 años de edad. Su hija mayor se está preparando para rendir la prueba de selección universitaria en un preuniversitario, sus sueños es que pueda estudiar una carrera universitaria, de esta manera acceder a un titulo profesional. Otro de sus sueños seria salir a vacacionar con toda su familia a diferentes lugares del país.
Sandra está muy contenta y agradecida de los servicios obtenidos por Fondo Esperanza y destaca con mucho orgullo los valores que se inculcan en la institución, como son la honestidad y solidaridad, para concretarlos en el grupo del Banco comunal. Comenta que ha aprendido de las capacitaciones, ya que ahora está generando estrategias para innovar en su negocio y de ésta manera captar un mayor número de clientes. De ésta manera incorporará la venta de mermeladas caseras y productos de repostería, que ella misma prepara.
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

  • $14,900
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,552,775
    Funds lent in using Kiva
  • 461.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Sol De Cayumanqui Group's $3,375 loan helped a member to buy stock merchandise for her store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 21, 2011
Listed
Jul 24, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011