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Orilla Del Itata Group
In this Group: Ruth, Juan, Marcelina, Paola, María, Julia, Yolanda, Inglentina, Cecilia, Ana, Jenny, Luisa, Bernarda, Patricia, María Luisa, María, Mercedes
This communal bank is called “Orilla del Itata” (Shore of the Itata) and it has 17 members who are involved in a variety of lines of work among which are: fast food making, wood and clay crafts, tortilla making, used and new clothes sales in a free market and pastry making. All of them are from the city of Chillán.

Ruth is a member of the communal bank. In the photo she’s seated in the second spot from right to left wearing a brown jacket and pointing her thumb up. She has been making costumes for the last three years. She started out with 20 costumes and now she has 200. She buys patterns and designs to make them and then rent or sell them.

During the months between August and December she makes costumes because the other months orders tend to decrease so then she works doing clothing repairs and making some individual articles of clothing. Ruth works at home; she sews and sells there. She also comments that she has many customers especially teenagers. She buys her merchandise in the cities of Concepción and Santiago.

She will use the loan to buy patterns, lace, fabric, ribbon, zippers, decorations, tulle and satin. Her goals are to have an established locale where she can sell her costumes and party supplies. Besides, she’d like to buy an overlock sewing machine because she currently only has a straight stitch sewing machine.

Ruth lives with her mother and her four children who are 21, 19, 11 and 8 years old and with a 2-year-old grandson. Her dreams on a personal level are to study clothing design specializing in wedding gowns.

Her motivation to stay in business is that Ruth is the only source of family income. Besides, it’s allowed her flexibility in her schedule to be able to raise her children.

She is very happy and grateful for services rendered by Fondo Esperanza because she’s been able to invest in her business. She comments that she’s known the other group members for quite some time and they have a very good cooperative relationship among them.

Chillán is a commune in south-central Chile. Its name means “Seat of the Sun” in Mapudungun, the indigenous language of the Mapuche people. Chillán is known as the “Cradle of the Nation” or “Land of Artists” due to the outstanding people in Chile’s history that have been born here like, for example, the well known pianist Claudio Arrau.
View original language description ↓
Este banco comunal se llama “Orilla del Itata” lo conforman 17 emprendedoras que se dedican a diferentes rubros entre los cuales se encuentran preparación de comida rápida, artesanía en madera y greda, preparación de tortillas, venta de ropa usada y nueva en una feria libre y repostería. Todas ellas pertenecientes a la ciudad de Chillán.
Ruth integrante del banco comunal, quien en la foto se encuentra sentada en el segundo puesto de derecha a izquierda, vistiendo una chaqueta color café, quien además tiene su pulgar hacia arriba. Se dedica a confeccionar disfraces desde hace 3 años. Comenzó con 20 disfraces ya hora cuenta con 200 disfraces. Ella compra géneros y moldes para luego confeccionar, arrendar o vender.
Durante los meses comprendidos de agosto a diciembre se dedica a confeccionar disfraces, ya que durante el resto de los meses los pedidos tienden a disminuir. Por lo que se dedica a reparar ropa y realizar algunas costuras de manera particular.
Ruth trabaja desde su misma casa, ahí confecciona y vende. Además comenta que cuenta con hartos clientes, sobre todo adolescentes.
Su mercadería la compra en las ciudades de Concepción y Santiago.
Con el crédito comprará géneros, broderi, telas, cintas, cierres, adornos, tul y raso.
Sus metas son tener un local establecido en el cual pueda vender sus disfraces, cotillón para fiestas. Además le gustaría comprar una máquina de coser overlock, ya que por ahora solo cuenta con una máquina de coser costura recta.
Ruth vive junto a su madre, sus 4 hijos de 21, 19, 11 y 8 años de edad y un nieto de 2 años.
Sus sueños a nivel personal son estudiar diseño de vestuario y especializarse en la confección de vestidos de novia.
Sus motivaciones de continuar con el negocio se deben a que Ruth es el único ingreso económico familiar, además le ha permitido tener una flexibilidad horaria, para criar a sus hijos.
Ella está muy contenta y agradecida de los servicios otorgados por Fondo esperanza, ya que ha podido invertir en su negocio. Comenta que conoce hace bastante tiempo a los demás integrantes del grupo del banco comunal y que tienen una muy buena relación y compromiso entre ellos.
Chillán es una comuna de la zona centro sur de Chile. Su nombre significa “silla del sol” en mapudungun, idioma de nuestros indígenas mapuches. Chillán es conocida como “Cuna de la Patria” o “Tierra de Artistas”, debido a que en la ciudad han nacido destacados personajes de la historia de Chile, como por ejemplo el conocido pianista Claudio Arrau.

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
  • $2,587,775
    Funds lent in using Kiva
  • 476.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Orilla Del Itata Group's $2,650 loan helped a member to buy costume making supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2011
Listed
Sep 18, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012