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Ebenezer Group
In this Group: Lorena, Veronica, Lidia, Jeannette, Elba, Maria Luisa, Johanna, Patricia, Veronica, Nancy, Shirley, Myriam, Viviana, Pabla, María Isabel, Patricia, Isabel, Claudia
This communal bank is called “Ebenezeer” and is composed of 18 entrepreneurs who are dedicated to different businesses, among these selling clothing, or jewelry, or a hair salon services, a bakery, selling cosmetics by catalog, or a cake shop, or selling clothing for the home. All the members live in the community of Independencia, in the city of Santiago.

Lorena, a member of the communal bank, is in the photo on the right edge with blond hair, wearing a gold jacket. She has been a beautician for 19 years. For 10 years, she worked as an employee but with the birth of her daughters, she began to work independently from home. Lorena's work schedule is Monday through Saturday, and she sometimes works on Sundays, when her customers request her hair services. Her salon is located in a room in the interior of her house, where Lorena only attends to known customers. Here she has all the equipment for her shop. She buys her merchandise from a distributor who sells specific cosmetology and hair products.

With this loan, Lorena will buy a professional hair dryer plus professional cosmetology products.

Her goals are to install her beauty salon in an established and more ample space so that she can attend to a larger number of customers. Also Lorena would like to supply her salon with more innovative products for this area. Lorena lives with her husband and 2 children aged 12 and 9, plus her mother. One of her dreams has been to obtain her own house and, fortunately, during the month of December she obtained her own home.

Lorena is very content and grateful for the services offered by Fondo Eslperanza. She comments that in addition to enjoying the meetings very much, she has learned a great deal, and has gotten to know the other members, plus enjoyed having a place to relax.

Independencia is one of the 34 neighborhoods that make up the city of Santiago (Chile's capital). It is located in the city's center-north and grew at the beginning of the 19th century as a traditional sector of the city. Its principal street is Avenida Independencia, which follows the old Inca highway, the northern entry to the city of Santiago. Given its ample indigenous population, the Centro Cultural Indigena D. Chile (Chilean Indigenous Cultural Center) is located here. It also has important historical monuments, among them 6 of Chile's historical monuments.
View original language description ↓
Este Banco comunal se llama “Ebenezer” está conformado por 18 emprendedores que se dedican a diferentes rubros entre los cuales se encuentran venta D. ropa, venta D. joyas, servicios D. peluquería, amasandería, ventas D. cosméticos por catalogo, repostería, venta D. ropa para el hogar. Todos ellos pertenecientes a L. comuna D. Independencia, ciudad D. Santiago.
Lorena integrante del Banco comunal, quien en L. foto se encuentra al costado D. derecha a izquierda, vistiendo una chaqueta color dorado y quien además tiene su cabello color rubio. Se dedica al servicio D. peluquería desD. hace 19 años, durante 10 años trabajó D. manera dependiente y posterior al nacimiento D. sus hijas comenzó a trabajar D. manera independiente desD. su casa. Su horario D. trabajo es D. lunes a sábado y esporádicamente trabaja los días domingos, cada vez que sus clientes solicitan sus servicios D. peluquería. Su salón D. peluquería lo ubicó en una habitación D. su casa al interior, en el cual solo atienD. clientes conocidos. Ahí cuenta con toda L. implementación para su local. Su mercadería L. compra en una distribuidora en L. cual venden específicamente productos cosmetológicos y para el cabello.
Con el crédito comprará un secador D. pelo profesional, al igual que productos cosmetológicos profesionales.
Sus metas son instalar su peluquería en un local establecido y más amplio para atender un mayor número D. clientes, además D. surtirlo con productos innovadores en el rubro.
Lorena vive junto a su marido, sus dos hijos D. 12 y 9 años D. edad, además D. su madre. Uno D. sus sueños era obtener su casa propia y afortunadamente durante el mes D. diciembre le hacen entrega D. su vivienda.
ElL. está muy contenta y agradecida D. los servicios brindados por Fondo Esperanza, comenta que además disfruta mucho D. las reuniones, ya que le han servido para aprender, conocer a los demás socios y tener un lugar D. esparcimiento.
Independencia es una D. las 34 comunas que componen L. ciudad D. Santiago (capital D. Chile), ubicada en el sector centro-norte. Surgió a fines del siglo XIX como un sector tradicional D. L. ciudad. Su eje principal es L. Av. Independencia, por L. cual pasaba el antiguo Camino del Inca, puerta D. entrada por el norte, a L. ciudad D. Santiago. Dada su amplia población indígena, en Independencia se encuentra el Centro Cultural Indígena D. Chile. Cuenta también con importantes construcciones históricas, entre ellas 6 monumentos históricos D. Chile.

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
  • 462.6
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Ebenezer Group's $3,700 loan helped a member buy a professional hair dryer, plus cosmetology products for the hair for her beauty salon.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Aug 31, 2011
Sep 15, 2011
Currency Exchange Loss:
Jan 15, 2012