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Nuestra Solución Group
In this Group: Sonia, Ingrid, Juan, Raúl, Elizabeth, Magdalena, Lucy, Pilar, Mitzi, Jessica, María, Tania, Irma, Carolina, Pamela, Karina, Edith, Emilio, Yovanina, Cristian, Julio
This Communal Bank is called “Nuestra Solución” (Our Solution) and consists of 21 entrepreneurs who engage in business activities such as preparing and selling fast food, selling perfumes, making and selling cheese, making handicrafts out of wood, and other trades. All of them are from the city of Concepción.

Sonia is a member of the Communal Bank. In the photograph, she is the first person standing on the left-hand side wearing a yellow jacket and black cap. She makes earrings, rings, and bracelets with macramé (fabric that is woven into a lace-like pattern). Sonia also makes handbags and wallets out of leather. She has been in this trade for six years. Sonia says that her sales diminish during the winter when students go on break. However, she says the month of September is good for her because her sales go up at that time. Her work schedule is from 11am to 8pm. Her merchandise is generally sold to distributors. With this loan, Sonia will buy materials, specifically wool and leather in different colors and textures. Her goal is to increase her business.

Sonia lives with her husband and her 11-year-old son. Her dreams in general are to prosper in her business and to provide her family a better quality of life. Sonia is very pleased with and thankful for the services provided by Fondo Esperanza, especially the kindness that is expressed by her Communal Bank group. She says that the members are hardworking entrepreneurs who are committed to their businesses.

The member who appears in the upper left hand corner could not attend the photo session of the communal bank due to a personal obligation that she had to resolve. It is for this reason that she was allowed to be absent during the meeting.

Concepción is situated at the mouth of the Biobío River, one of the largest in Chile. It is located in the southern part of the country in the Biobío region. Concepción played an important role in Chilean history. It was the site of important battles and became a major settlement, especially during the Arauco War, since it lies on the border with the Mapuche territory. Concepción now experiences significant economic and demographic development. It is considered to be one of the urban areas that has developed into a major administrative, financial, and commercial center within Chile, just behind Santiago and Valparaíso.
View original language description ↓
Este Banco comunal se llama “Nuestra Solución” está conformado por 21 emprendedores, quienes se dedican a diferentes rubros, entre los cuales se encuentran preparación y venta de comida rápida, venta de perfumes, producción y venta de quesos, además de artesanía en madera, entre otros. Todos ellos pertenecientes a la ciudad de Concepción.
Sonia integrante del banco comunal, quien en la foto se encuentra de pie, siendo la primera socia de izquierda a derecha, vistiendo una chaqueta color amarillo y gorro color negro, se dedica a la fabricación de productos de artesanía, entre éstos aros, anillos, pulseras en macramé (tejido hecho con nudos de estructura parecida al encaje), además realiza bolsos y billeteras de cuero. Trabaja en éste rubro desde hace 6 años. Comenta que durante la temporada de invierno, las ventas han disminuido, debido a las huelgas estudiantiles, sin embargo comenta que a partir del mes de septiembre es una buena temporada, por lo que las ventas aumentan. Su horario es de 11:00 de la mañana hasta las 20:00 horas.
Su mercadería la compra generalmente en distribuidoras.
Con el crédito comprará materiales, específicamente lanas y cueros de diferentes colores y texturas.
Sus metas son incrementar su negocio.
Ella vive junto a su marido y su hijo de 11 años de edad, sus sueños en general, son que su negocio prospere y le pueda brindar una mejor calidad de vida a su familia.
Sonia está muy contenta y agradecida de los servicios brindados por Fondo Esperanza, en especial de la calidez generada al interior del grupo del Banco comunal, comenta además que los emprendedores son muy trabajadores y comprometidos con sus negocios.
La socia que aparece en el recuadro superior izquierdo, no pudo asistir a la sesión fotografica del grupo del Banco comunal, debido a un inconveniente personal que tuvo que resolver, es por esto que debió ausentarse durante la reunión.
Concepción, está asentada en la desembocadura del río Biobío, uno de los más grandes del país, al sur de Chile, en la región del Biobío. Ha tenido una importante función en nuestra historia, siendo sede de importantes batallas y asentamiento relevante, especialmente durante la Guerra de Arauco, por estar en la frontera con territorio mapuche. Actualmente la ciudad posee un importante desarrollo económico y demográfico, llegando a ser considerada como uno de los núcleos urbanos, demográfico, administrativo, financiero y comercial más relevantes de Chile, después de Santiago y Valparaíso.

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
  • 457.7
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuestra Solución Group's $3,350 loan helped a member to buy wool and leather.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 15, 2011
Listed
Sep 2, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011