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Futuro Dos Punto Cero Group
In this Group: Nelly, Rosario, Erika, Greta, Marisol, Claudina, Sandra, Cristina, Karina, Gisselle, Marta, Eugenia, Bernarda, Juana, Solange, Gabriela, Luis, Malva, Ximena, Margarita
This Communal Bank is called "Futuro Dos Punto Cero", ("Future 2.0"). It is made up of 20 entrepreneurs who work in different fields; amongst them are businesses selling clothes and groceries among others. They all come from the community of San Bernardo in the city of Santiago.

Nelly is the president of the Communal Bank, who is seated in the front row of the photo. She is the second from the right, and she is wearing a black jacket. Her hair is short and blonde. She has been working selling second-hand clothes for the last 15 years, at a stand located in the open markets. Her work schedule is mornings twice a week, and also the weekends. She has many customers, some of whom she has kept since the beginning.

She now wants to start moving into selling new clothes. With the loan, she will buy new clothes. Her goals are to have a permanent location in the bazaar, and in this way to prosper with her business.

Nelly lives with her husband and her four children aged 30, 29, 17 and 13, plus a 7-year-old granddaughter. Her dreams are to provide her children and granddaughter with a quality education, so that they may have a better quality of life. Her motivation is to continue with her business, as it is through her work that she is able to make a financial contribution to her household.

Nelly is very happy and grateful for the loans and the services offered through Fondo Esperanza. In addition, she feels very comfortable with her group at the Communal Bank, as she has known them for several years and has neighbors among them. These meetings have allowed her to achieve self-fulfillment. In regards to the training, it's helped her to specialize and to manage her business better.

San Bernardo is a city located 18km due south of the Plaza de Armas of Santiago (the capital of Chile). It is well known as the capital of folklore, thanks to the fact that in January of each year, they have the "International Festival of Folklore". This is an event where the roots of the country come together and meet with musical groups from throughout South America. They also host the "Festival of Traditional Handicrafts", in which many Chilean artesans participate, as well as those from other nearby countries. Later in April, there is "April of a Thousand Cuecas", which consists of cueca dancing (a traditional Chilean dance) for the whole community.
View original language description ↓
Éste Banco comunal se llama “Futuro Dos Punto Cero” está conformado por 20 emprendedores que se dedican a diferentes rubros, entre los cuales se encuentran negocios, venta de ropa y venta de abarrotes, entre otros. Todos ellos pertenecientes a la comuna de San Bernardo, ciudad de Santiago.
Nelly presidenta del Banco comunal, quien en la foto aparece sentada en primera fila, ocupando el segundo lugar de derecha a izquierda, viste una chaqueta color negro y su cabello es corto y de color rubio.
Ella se dedica a la venta de ropa usada desde hace 15 años, en un puesto que ubica en ferias libres. Su horario laboral es durante las mañanas, dos veces a la semana y también los fines de semana. Cuenta con una gran cantidad de clientes, algunos de ellos los conserva desde sus inicios.
En la actualidad quiere incursionar en la venta de ropa nueva.
Con el crédito comprará ropa nueva.
Sus metas son tener un local establecido en el persa, de ésta manera prosperar en su negocio.
Nelly vive junto a su esposo y sus cuatro hijos de 30, 29, 17 y 13 años de edad, más una nieta de 7 años de edad. Sus sueños son brindarles educación de calidad a sus hijos y nieta, para que tengan una mejor calidad de vida.
Sus motivaciones de continuar con el negocio, se deben a que ella a través de su trabajo es un aporte económico para su hogar.
Nelly está muy contenta y agradecida de los créditos y servicios otorgados por Fondo Esperanza, además se siente muy cómoda con el grupo del Banco comunal, ya que se conocen desde hace años, puesto que son vecinos entre ellos. Estas reuniones le han permitido realizarse personalmente.
Respecto a las capacitaciones le han servido para especializarse y administrar su negocio de mejor manera.
San Bernardo es una ciudad, ubicada a 18 km. en línea recta hacia el sur desde la plaza de armas de Santiago (capital de Chile). Es conocida como la capital del folklore, debido a que cada año, en enero, se realiza el "Festival Internacional del Folklore", un evento en el que las raíces del país se dan cita y se reúnen agrupaciones musicales de toda Sudamérica. También se desarrolla la "Feria de Artesanía Tradicional", en la que participan tanto artesanos chilenos como de otros países cercanos. Luego en abril se realiza el evento “Abril cuecas Mil” que consiste en hacer bailar cueca (baile tradicional chileno) a toda la comuna.


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
  • 469.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Futuro Dos Punto Cero Group's $3,700 loan helped a member to buy new clothing.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 18, 2011
Listed
Aug 26, 2011
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2011