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Lucero Del Mañana Group
In this Group: Olga, Sandra, Fabiola, Angelica, Leonor, Gregoria, Magdalena, Leticia, Alda, Erna, Rozio, José, Nelda, María, Lucía, Gricel, Margot, Andrea
This community bank is called "Lucero del Mañana” and has 18 members who all work in different fields including businesses such as clothes sales, market stall, confectionery store, cooking, sewing and grocery store. All of the bank's members live in the city of Temuco.

Olga is the community bank president. In the photo she is sitting on a chair on the far left of the picture. Olga works in commerce. She makes and sells empanadas and also has a craft stall in the town square where she sells macrame handicrafts, gloves, underwear and fleece clothing. She has been doing all this for five years. Olga also sells products from home and says that business is doing very well. She buys her merchandise from an importer in accordance with each season.

Olga will use her loan to buy pants, socks, fleece tops and t-shirts, mainly winter clothing. She will also start selling rings. Her goal is to have an established sales location where she can sell her merchandise.

Olga lives together with her husband and her two children aged 16 and 10. Her dream is to pay for a good education for her children and thereby provide them with a better quality of life. She is very happy and grateful to be participating in Fondo Esperanza's services. She has learned from other members' business experiences and enjoys the level of support that exists within the group. She believes that the training sessions have helped her to promote the institution's values within the group.

Temuco is the capital of Araucania region. The city is located 670 kilometers to the south of Santiago (the capital of Chile). In the surrounding areas there are a series of lakeside resorts (Pucón, Villarrica) and a very beautiful native flora and fauna which can be found in nearby nature reserves. 50% of the Mapuches (indigenous people) of our country live in this region.
View original language description ↓
Este Banco comunal se llama “Lucero del mañana”, está conformado por 18 emprendedores, que se dedican a diferentes rubros entre los cuales se encuentran negocios como la venta de ropa, puestos de bazar, pastelería, cocinería, costuras y almacén de abarrotes. Todos ellos pertenecientes a la ciudad de Temuco.
Olga presidenta del Banco comunal, quien en la foto aparece sentada en el primer asiento de izquierda a derecha, se dedica al comercio en general, ya que prepara y vende empanadas, además de instalarse con un puesto de artesanía en una plaza, vendiendo artesanía en macramé, guantes, pantys, ropa de polar, todo esto desde hace 5 años. Ella también comercializa sus productos desde su casa y comenta que le va muy bien.
Su mercadería la compra en una importadora y de acuerdo a cada temporada.
Con el crédito comprará calzas, calcetines, poleras y camisetas de polar, ropa principalmente para la temporada de invierno, además agregará la venta de anillos.
Sus metas son tener un local establecido, para ofrecer su mercadería.
Olga vive junto a su marido y sus dos hijos de 16 y 10 años de edad, sus sueños son costearles una buena educación, de ésta manera brindarle una mejor calidad de vida.
Ella está muy contenta y agradecida de participar de los servicios de Fondo Esperanza, ya que además ha conocido experiencias en los negocios de otras socias y la solidaridad existente al interior del grupo del Banco comunal. Considera que las capacitaciones le han servido para potenciar los valores de la institución en el grupo.
Temuco es la capital de la región de la Araucanía. La ciudad se ubica a 670 kilómetros al sur de Santiago (capital de Chile). En sus alrededores se ubican una serie de balnearios lacustres (Pucón, Villarrica) y una flora y fauna nativa muy llamativas, concentrada en parques naturales cercanos. Cabe destacar que en esta región habita el 50% de los mapuches, pueblo indígena, existente en nuestro país.

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
  • 457.3
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Lucero Del Mañana Group's $3,450 loan helped a member to buy pants, socks, t-shirts and fleece tops, mainly winter season clothes. She will also buy rings to sell.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 22, 2011
Listed
Jul 27, 2011
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2011