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Joyas Del Pacífico Group
In this Group: Jacqueline, Cinthia, Yoselie, Valeska , Lucia, Magaly, Marilyn , Erika, Eugenia, Carolina, Ana, Laura, María, Johanna, Ana María, Johanna, Cecilia, María
This communal bank is called “Joyas del Pacífico” ["Jewels of the Pacific"]. It is made up of 18 entrepreneurs, who dedicate themselves to diverse types of businesses, including pastry making, hairdressing, fast food preparation, leather handicrafts, bakery, general store, kiosk, butcher shop, woven fabric sales, dog food, frozen products, new clothing sales, and used clothing and woven fabric sales, All of them live in the city of Valparaíso.

Jacqueline, the president of the communal bank, can be seen in the second row of the group, with black hair and wearing a light purple sweater with a brown scarf. She has worked providing hairdressing services for 4 years. The way her business works is that she serves her customers at their homes, although one day a week she works in her own home, where customers can come to her directly without needing to make an appointment. On weekends she also provides services in her home, styling customers' hair for special occasions.

She buys her supplies at shopping centers and from beauty product liquidators. With the loan, she will buy a heater, a gas connection and supplies for her business.

Her goal is to have a permanent shop where she can install her beauty salon. Jacqueline has studied hairstyling, and she specialized in haircuts for women and men.

Jacqueline lives with her husband and her two daughters, aged 24 and 14, in addition to her son-in-law and her 10-month-old grandson.

She is motivated to continue with her business because she enjoys what she does very much. She is very happy and grateful for the services provided by the Fondo Esperanza [Hope Fund], and she enjoys the camaraderie with the other group members, since they also respect the institution's values. She comments that the training sessions and the loan have been a great help for her business.

Valparaíso is located 120 kilometers northwest of Santiago. It is the regional capital and also the seat of the country's legislative branch. It is the nation's most important port, offering a great variety of beautiful and picturesque places, such as the home of poet Pablo Neruda, winner of the Nobel Prize.
View original language description ↓
Este banco comunal se llama “Joyas del Pacífico” está conformado por 18 emprendedores, quienes se dedican a diferentes rubros entre los cuales se encuentran repostería, peluquería, preparación de comida rápida, artesanía en cuero, amasandería, bazar, kiosco, carnicería, venta de tejidos, alimento para perro, productos congelados, venta de ropa nueva, ropa usada y venta de tejidos. Todos ellos pertenecientes a la ciudad de Valparaíso.
Jacqueline presidenta del banco comunal se encuentra en la segunda fila del grupo, vistiendo un polerón de color lila, con un pañuelo color café y su cabello es de color negro, se dedica al servicio de peluquería desde hace 4 años. La dinámica de su trabajo es atender a sus clientes a domicilio, un día a la semana trabaja en su misma casa, donde llegan sus clientes directamente, sin la necesidad de solicitar hora y los fines de semana también atiende en su domicilio, pero realiza peinados para eventos.
Sus insumos los compra en centros comerciales y liquidadoras de productos de belleza.
Con el crédito comprará un fogón, un tubo de gas e insumos para su negocio.
Sus metas son tener un local establecido, en el cual pueda instalar su peluquería. Jacqueline realizó un curso de peluquería y se especializó en corte para mujeres y hombres.
Jacqueline vive junto a su marido y sus 2 hijas de 24 y 14 años de edad, además con su yerno y nieto de 10 meses de edad.
Sus motivaciones de continuar con el negocio se deben a que disfruta mucho lo que hace.
Ella está muy contenta y agradecida de los servicios brindados por Fondo Esperanza, disfruta de la convivencia con los demás integrantes del grupo del banco comunal, ya que también se respetan los valores de la institución. Comenta que las capacitaciones y el crédito han aportado mucho para su negocio.
Valparaíso está situado a 120 kilómetros al noroeste de Santiago. Es la capital regional y además sede del poder legislativo del país. Es el primer puerto de la nación y ofrece gran variedad de lugares hermosos y pintorescos, como por ejemplo la casa del poeta Pablo Neruda, ganador del Premio Nobel.

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
  • 456.6
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Joyas Del Pacífico Group's $4,975 loan helped a member to buy a heater, a gas connection and supplies for her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 20, 2011
Listed
Jul 28, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011