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Las Rosas Group
In this Group: Ximena, María, Elena, Raquel, María, Jeannette, Silvia, Pamela, Lilian, Natalia, Patricia, Paula, Roberto, Alexis, Carlos, Hector
This communal bank is called “Las Rosas” and has 17 entrepreneurs who are in a variety of businesses though mainly barber services and sewing. All are from the city of La Serena.

Héctor is a member and Secretary of the communal bank. In the photo he’s in the middle in the back of the group. He has been making clothes for the last ten years. He comments that he’s self-taught. He makes and repairs clothes. When his customers need his services they go to his house. He’s available every day of the week. He comments that his customers are regular and he has quite a few of them.

He buys his supplies in the city of Santiago or orders them on the Internet so his supplies are delivered to him. He comments that this way of purchasing is more comfortable. He buys supplies each time he needs to make a garment. He will use the loan to buy fabric and thread. His goal is to have a workshop set up at home.

Héctor lives with his mother, sister and two nephews. His dream on a personal level is to make progress in business to generate better income and provide his family with a better quality of life. His motivation to continue is the income he earns from his business.

He is very happy and grateful for the loans and services granted by Fondo Esperanza. He comments that the group experience has allowed him to share more with other people. The training has been useful to learn new business administration strategies.

La Serena is a city in north Chile located in the Coquimbo Region, Elqui Province. It’s an important tourist center especially in summer when people come to visit the beaches. The city is primarily service sector oriented; there are several banks and financial institutions and a varied cuisine and hotel sector. During the last few decades tourism has become one of the most important economic activities. The city is an obligatory stop for hundreds of cruise ships that arrive at the city of Coquimbo and people find temporary housing in La Serena for their trips to visit the zone and the Elqui Valley.
View original language description ↓
Este Banco comunal se llama “Las Rosas”, lo conforman 17 emprendedores, quienes se dedican a diferentes rubros, pero principalmente los oficios de peluquería y costuras. Todos ellos pertenecientes a la ciudad de La Serena.
Héctor integrante y secretario del grupo del Banco comunal, quien en la foto se encuentra en el medio y fondo del grupo, él se dedica al corte y confección de ropa, desde hace 10 años. Comenta que aprendió de manera autodidacta.
Hector confecciona y repara ropa, sus clientes cuando requieren sus servicios de confección van a su domicilio, el está disponible durante todos los días de la semana. Comenta que su clientela es fija y cuenta con un gran número de ellos.
Sus materiales los compra en la ciudad de Santiago y los encarga por internet, por lo que sus insumos llegan por encomienda. Comenta que ésta dinámica de compra resulta más cómoda. Sus materiales los compra cada vez que necesita confeccionar alguna vestimenta.
Con el crédito comprará género e hilos.
Sus metas son tener un taller y adaptarlo en su propia casa.
Hector vive junto a su madre, hermana y dos sobrinos. Sus sueños a nivel personal son prosperar en su negocio, para generar mejores ingresos y así brindarle una mejor calidad de vida a su familia.
Sus motivaciones de continuar, se deben a los ingresos económicos que le brinda su negocio.
El está muy contento y agradecido de los créditos y servicios otorgados por Fondo esperanza, comenta que la experiencia grupal le ha servido para compartir con mas personas.
Las capacitaciones le han servido para aprender nuevas estrategias en la administración de su negocio.
La Serena es una ciudad al norte de Chile, ubicada en la Región de Coquimbo, provincia de Elqui. Es un importante sitio turístico, especialmente durante el verano, donde la gente va a visitar sus playas. La ciudad se dedica principalmente al sector de los servicios, habiendo varios bancos e instituciones financieras y una variada oferta gastronómica y hotelera. En las últimas décadas, el turismo se ha convertido en unas de las actividades económicas más importantes, además la ciudad es paso obligatorio de cientos de cruceros que arriban a la ciudad de Coquimbo, en donde en La Serena encuentran el lugar de residencia provisoria para visitar la zona y el Valle de Elqui.

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
  • 509.7
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Rosas Group's $2,650 loan helped a member to buy fabric and thread.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 7, 2011
Listed
Oct 12, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012