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Hermandad Group
In this Group: Astrid, Valeria, Carlos, Marta, Esmeralda, Adriana, Carmen, Maritza, Jocelyn, Leandra, Leandra, Veronica, Cristian, Paola, Miguel, Alejandra
This communal bank is called "Hermandad" and is composed of 16 entrepreneurs who have different businesses, including a new clothing store, retail sales, a hardware store, selling perfume, and selling prepared food. All the members live in the neighborhood of Independencia, in the city of Santiago.

Astrid, a member of the communal bank, who is in the photo on the very right in the second row, wearing a fuchsia scarf. She works serving customers and selling packaged goods in a shop that has been located in her home for 6 months. There she has a sign and a shop window. Her work schedule is every day, Monday through Sunday. She says that there isn't competition in the area where she lives, so her business is doing very well.

She began in the business of retail sales, selling perfume from a catalog.

She usually buys her merchandise in the Meiggs neighborhood, a popular place for selling to merchants.

With the loan, she will be items for the Fiestas Patrias (independence day celebrations), specifically flags, kites, packaged goods, and undergarments.

Her goal is to have a kiosk located outside her house, supplied with merchandise. Some weekends, she also prepares empanadas to order, so another goal would be to establish this business, which also provides income.

Astrid lives together with her husband and their four children, who are 22, 20, 14, and 7 years old, as well as two nephews. Her dream is to provide her family with a better quality of life.

She is very satisfied and thankful for the services offered by Fondo Esperanza, for the help and transparency provided by the institution.

She comments that the communal bank to which she belongs is united and caring. Regarding the trainings, they have helped her manage her business better.

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 area and grew at the end of the nineteenth century as a traditional part of the city. Its main street is Avenida Independencia, which follows the old Inca Trail, the northern entry to the city of Santiago. Given its ample indigenous population, the Centro Cultural Indigena de Chile (Chilean Indigenous Cultural Center) is located in Independencia. It also has important historical monuments, among them 6 of Chile's historical monuments.
View original language description ↓
Este Banco Comunal se llama “Hermandad” está conformado por 16 emprendedores que se dedican a diferentes rubros, entre los cuales se encuentran local de ropa nueva, comercio, ferretería, venta de perfumes y venta de comidas preparadas. Todos ellos pertenecientes a la comuna de Independencia, ciudad de Santiago.
Astrid integrante del Banco comunal, quien en la foto se encuentra en la segunda fila, en el primer lugar de derecha a izquierda, viste una bufanda color fucsia. Se dedica a la atención y venta de productos de paquetería en un bazar que tiene ubicado en su casa desde hace 6 meses. Ahí cuenta con un letrero y una vitrina. Su horario laboral es durante todo el día, de lunes a domingo. Comenta que el sector donde vive no hay competencia, por lo que le va muy bien en su negocio.
Comenzó en el rubro del comercio vendiendo perfumes por catalogo.
Su mercadería la compra usualmente en el barrio “Meiggs” sector popular de ventas para comerciantes.
Con el crédito comprará artículos para la temporada de fiestas patrias, específicamente; banderas, volantines, artículos de paquetería y ropa interior.
Sus metas son tener un kiosco y ubicarlo afuera de su casa, para surtirlo de mercadería. También se dedica a preparar empanadas a pedido, algunos fines de semana, por lo que otra de sus metas sería establecer éste negocio que también le brinda ganancias.
Astrid vive junto a su esposo y sus cuatro hijos de 22, 20, 14 y 7 años de edad, además de dos nietos. Sus sueños son brindarle a su familia una mejor calidad de vida.
Ella está muy contenta y agradecida de los servicios brindados por Fondo Esperanza, por la ayuda y transparencia entregada por la institución. Comenta que el grupo del Banco comunal al cual pertenece es unido y solidario. Respecto a las capacitaciones, éstas le han servido para administrar mejor su negocio.
Independencia es una de las 34 comunas que componen la ciudad de Santiago (capital de Chile), ubicada en el sector centro-norte. Surgió a fines del siglo XIX como un sector tradicional de la ciudad. Su eje principal es la Av. Independencia, por la cual pasaba el antiguo Camino del Inca, puerta de entrada por el norte, a la ciudad de Santiago. Dada su amplia población indígena, en Independencia se encuentra el Centro Cultural Indígena de Chile. Cuenta también con importantes construcciones históricas, entre ellas 6 monumentos históricos de 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

  • $14,900
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,552,775
    Funds lent in using Kiva
  • 462.6
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Hermandad Group's $3,475 loan helped a member to buy items for the Fiestas Patrias (independence day celebrations), specifically flags, kites, packaged goods, and undergarments.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2011
Listed
Sep 16, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012