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Nueva Gabriela Group
In this Group: Jimena, Marcela, Marianela, Magdalena, Pamela, Valeska, Isabel, Norma, Violeta , Rosa, Carlos , Ivonne, María Elena, Magdalena, Iris, Paola, Alejandra
The Nueva Gabriela communal bank is made up of 17 business owners who engage in various lines of work, though principally in retail, including in clothing sales, food stands, pastries, and the preparation of doughs and salads. They all live in La Cisterna, a community located in the south central part of the Santiago metro region. It's a residential and commercial community, though in its early days it was a rural area of large tracts. Nonetheless, with the growth of the population and emergence of greater services, it has become a 100% urban area.

Jimena, a member of this communal bank group seated in the front row wearing glasses, prepares and sells fast foods, such as fried masa, pizzas, pan amasado (Chilean biscuits), sopapillas, french fries, hot dogs, and barbecued meats. She's been doing this for three years and says that she has been very good with her business, maintaining a good base of customers. She sells her food items from the patio of her house and buys her merchandise from a distributor in the La Vega market to sell on the weekends. With this loan, she will buy merchandise to supply her business with items including propane, potatoes, tomatoes, avocados, meats, and hot dogs.

Her goals are to better establish her business in her home so that her customers can eat at the counter. Currently, she has an industrial oven and refrigerator. Nonetheless, she is lacking a few pieces of furniture and construction materials for her setup. Jimena lives with her two children of 15 and 18, both of whom are in school. Her inspiration for keeping up her business is to support her son's studies in aeronautics. In brief, her dreams are to go on providing for her children's studies so that they can become professionals.

Jimena is very happy and thankful for the loans and services provided by Fondo Esperanza [Kiva field partner] to her business. Also, she enjoys the communal bank and group meetings, as they are also neighbors and share a great trust between them. For her these meetings are an opportunity to relax and have some fun.
View original language description ↓
Éste Banco comunal se llama “Nueva Gabriela” lo conforman 17 emprendedores que se dedican a diferentes rubros, pero principalmente al comercio entre los cuales se encuentran diversos negocios como la venta de ropa, puestos de fritura, repostería y preparación de masas y ensaladas. Todos ellos pertenecientes a la comuna de La Cisterna, ciudad de Santiago.
Jimena integrante del grupo del Banco comunal, quien en la foto se encuentra en la primera fila, sentada en el puesto de al medio y quien usa anteojos.
Se dedica a preparar y vender comida rápida, entre estas masas, pizzas, pan amasado, sopaipillas, frituras, completos, churrascos y papas fritas. Trabaja en éste rubro desde hace tres años, comenta que le ha ido muy bien en su negocio y ha tenido buena aceptación con su clientela.
Sus preparaciones las vende en el patio de su casa.
La mercadería la compra en una distribuidora y en la vega (feria de ventas para comerciantes)
Su horario de trabajo es durante los fines de semana.
Con el crédito comprará mercadería para abastecer su negocio, entre los cuales dos galones de gas, saco de papas, tomates, paltas, carne y vienesas.
Las metas en su negocio son establecer su negocio en un local y ubicarlo en su casa, para que también los clientes puedan comer al mesón. Actualmente cuenta con un horno industrial y una freidora. Sin embargo le faltan algunos muebles y materiales de construcción para su local.
Jimena vive junto a sus dos hijos de 15 y 8 años de edad, ambos estudian.
Las motivaciones de Jimena para continuar con el negocio, son para costear los estudios de su hijo en la escuela de aeronáutica. Por ende sus sueños son seguir pagando los estudios de sus hijos para que sean profesionales.
Jimena está muy contenta y agradecida con los créditos y servicios brindados por Fondo Esperanza, debido a la oportunidad y ayuda en sus negocios. Además disfruta de las reuniones del Banco comunal y del grupo, ya que también son vecinas y existe una gran confianza. Para ella estas reuniones son un momento de distracción.
La Cisterna es una comuna ubicada en el sector centro-sur de la región Metropolitana. Es una comuna esencialmente residencial y comercial. En sus inicios era un sector rural, de grandes parcelas, sin embargo debido al crecimiento de su población y la llegada de servicios pasó a ser un sector 100% urbano.

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
  • 480.9
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Gabriela Group's $2,775 loan helped a member to buy merchandise to supply her business with items including propane, potatoes, tomatoes, avocados, meats, and hot dogs.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2011
Listed
Sep 22, 2011
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2012