Los Microempresarios Group
Update on Los Microempresarios GroupThis communal bank called Los Microempresarios has twenty entrepreneurs who work in different fields some of which are hairdressing, cutting firewood, and clothing sales, among others, with all of them located in the city of Temuco.
Diana, who in the photo is at the bottom and middle of the group, is wearing a purple and pink striped scarf. She is a seamstress and her business has done well during her last loan period and now she can invest in her business.
This loan will give her the opportunity to buy clothes, fabrics and patterns in order to make new designs. She also comments that she also works designing an exclusive line of clothing.
Her goal continues to be that of establishing herself in her business in order to open a clothing boutique. Regarding her personal life and especially her dreams to have her own home, Diana is saving money in order to apply for a housing subsidy in order to buy her own house.
Diana is president of the communal bank and is very grateful for the loans granted through Fondo Esperanza, which have allowed her to invest in her business and which has increased her earnings. Furthermore, she says that with the training she has learned how to manage her income better.
Temuco is the capital of the Araucanía region. The city is located 670 kilometers south of Santiago (the capital of Chile). In the surrounding area are a string of lakeside resorts (Pucón, Villarrica) and stunning native flora and fauna, flourishing in the nearby parks. It should be mentioned that 50 percent of the indigenous people known as the Mapuche that exist in the country live in this area.
Diana quien en la foto se encuentra al fondo y centro del grupo, usa una bufanda rayada con colores lilas y rosas.
Ella se dedica a la confección de vestuario y desde la fecha del último crédito su negocio ha funcionado positivamente, ya que pudo invertir en su negocio.
Con el crédito de ésta oportunidad comprará ropa, telas y moldes para confeccionar novedosos diseños. Sin embargo comenta que ella también se dedica a diseñar exclusivos modelos de ropa.
Sus metas continúan siendo establecerse en su negocio para abrir una boutique de ropa.
Respecto a su vida personal y específicamente sus sueños de tener su casa propia, Diana se encuentra ahorrando dinero para postular al subsidio habitacional y de ésta manera obtener su casa propia.
Diana presidenta del Banco comunal se encuentra muy agradecida del crédito otorgado por Fondo Esperanza, ya que le ha permitido invertir en su negocio y con esto generar mayores ganancias. Además comenta que con las capacitaciones ha aprendido a distribuir de mejor manera sus ingresos.
Temuco es la capital de la región de la Araucanía. La ciudad se ubica a 670 kilómetros al sur de Santiago (capital de Chile). En sus alrededores se ubican una serie de balnearios lacustres (Pucón, Villarrica) y una flora y fauna nativa muy llamativas, concentrada en parques naturales cercanos. Cabe destacar que en esta región habita el 50% de los mapuches, pueblo indígena, existente en nuestro país.
Previous Loan DetailsThe communal bank “Los Microempresarios” (the small entrepreneurs) is made up of 19 businesspeople who work in different areas such as: cosmetology, firewood, clothing sales, etc. All live in the city of Temuco. Diana, who is pictured second in the photo going from the left to right, is dressed… More from Los Microempresarios Group's previous loan »
About Fondo EsperanzaFondo 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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.
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Success!! The loan was 100% repaid