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El Esfuerzo De Colón Group
In this Group: Olivia, Loreto, Rosa, Rosamel, Nadia, Ricardo, Sandra, Felisa, Francisca, Sandra, Gloria, Dominga, Jacqueline, Marcela, Rosa, Angela, Christma
The communal bank “El Esfuerzo de Colón” has 17 members who have a variety of businesses. The main ones are: the sale of clothing, cosmetics, plastic items and general merchandise. They all live in the township of San Bernardino in the city of Santiago.

Olivia is a member of the communal bank who is found in the photo in the second row, seated in the third spot from the right or left; her hair is down and she is wearing a black sweater. She has had a business selling seasonal women's clothing for 4 years. She works from her house on a flexible schedule. Her mother has a store, and she takes advantage of this to offer her products to the same customers. She has a regular customer base, and she sells door-to-door to the customers that she knows.

She purchases her merchandise in the township of Estación Central, from the places that offer good prices for her investment. With this loan, she will buy clothing, specifically: socks, sweaters and T-shirts for women. Her goal is to have an established shop, where she could offer and sell her merchandise.

Olivia lives with her mother, her husband, and their two offspring: a child of 7 and a 9 month-old baby. At the personal level, she dreams of investing in her business to generate greater earnings so that she can provide her family with a better quality of life. In addition, she wants to buy an automobile to transport her merchandise. She also wants to pay for a college education for her children so that in the future they can become professionals. Olivia is very content and grateful for the services provided by Fondo Esperanza. She will invest her part of the loan in her business. With respect to the meetings of her communal bank, they have allowed her to get to know her group and in this way feel more comfortable.

San Bernardo is a city located 18 km. in a straight line south from the main square of Santiago (the capital of Chile). It is known as the Capital of Folklore, because every year in January they hold the "International Festival of Folklore," an event in which the roots of the country come together and musical groups from all of South America participate. The "Traditional Crafts Fair" takes place there as well, where artisans from Chile and nearby countries participate. Later in April they host the event "April 1,000 Cuecas," when the whole community dances the cueca dance (a traditional Chilean dance.)
View original language description ↓
Éste Banco comunal se llama “El Esfuerzo de Colón” lo conforman 17 emprendedores quienes se dedican a diferentes rubros, pero los principales son venta de ropa, venta de cosméticos por catalogo, venta de plásticos y venta de mercadería. Todos ellos pertenecientes a la comuna de San Bernardo, ciudad de Santiago.
Olivia integrante del grupo del Banco comunal quien en la foto se encuentra en primera fila y se encuentra sentada en el tercer puesto de derecha a izquierda, usa su cabello suelto, viste un sweater color negro.
Se dedica a vender ropa de temporada para mujeres, desde hace 4 años. Trabaja en horario flexible desde su casa, ya que su madre tiene un almacén y aprovecha esta instancia para ofrecer sus productos a los mismos clientes.
Su clientela es fija y vende puerta a puerta cuando ellas son conocidas.
Su mercadería la compra en la comuna de Estación Central, en los locales donde los precios sean convenientes para invertir.
Con el crédito comprará ropa, específicamente calcetines, sweater, poleras para mujeres.
Sus metas son tener un local establecido, en el cual pueda ofrecer y vender su mercadería.
Olivia vive junto a su madre, su marido y sus dos hijos de 7 años y una pequeña de 9 meses de edad. Sus sueños a nivel personal son invertir en su negocio para generar mayores ganancias, de ésta manera brindarle a su familia una mejor calidad de vida, además anhela comprar un auto para el traslado de su mercadería. En el ámbito familiar Olivia anhela costear los estudios superiores de sus hijos para que sean futuros profesionales.
Ella está muy contenta y agradecida de los servicios brindados por Fondo Esperanza, el crédito por su parte le permitirá invertir en su negocio.
Respecto a las reuniones impartidas con el Banco comunal, le ha permitido conocer a su grupo y de ésta manera sentirse con mayor comodidad.
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
  • $2,587,775
    Funds lent in using Kiva
  • 490.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Esfuerzo De Colón Group's $3,125 loan helped a member to buy clothing, specifically socks, sweaters and T-shirts for women.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Sep 20, 2011
Sep 24, 2011
Currency Exchange Loss:
Jan 15, 2012