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Eclipse Group
In this Group: Angelica, Nadia, Andres, Irma , Linda, Angelica, Cristian, Ada, Angela, Solange, Marcela, Marco, María, María Magdalena, Gloria, Bonnie, Andrés, Cecilia, Nayaret, Arturo, Mónica
The communal bank called Eclipse is made up of 21 entrepreneurs who work in different fields among which are care of a store, bazaar, parcel service, vegetable merchant, artisan in precious stones, gold and silver, craftsman in precious metals, craftsman in wood, and used clothing. All the members live in the area of Colina in the city of Santiago.

One member of the communal bank is named Angelica, who in the photo is sitting at the end of the front row, with her little 3 year old son in her lap. She is a craftsman with wood and sells mostly items for the house. She has been doing this work for 15 years. Her products are sold in the open markets. She buys her merchandise from distributors located in the area of Estación Central in Santiago. With the money from the loan she plans to buy merchandise and supplies for her business.

She has clear business goals of having a small family business. Her husband is also an artist working in wood, mainly making toys. In order to achieve her goal she needs more working capital.

Angelica works together with her husband and her three children of 20, 12, and 3 years old. Her particular dreams are to have stable work and earnings in order to give her family a better quality of life.

Angelica is very happy and grateful for the loans and services provided by Fondo Esperanza for giving many enterprising people the chance to invest in their businesses. She says that this group is very supporting and enthusiastic with successful businesses.

Colina is a town in the metropolitan area located north of Santiago, capital of Chile. Right now it is the center of major investments, mostly in the agro-industrial area, due to the installation of large and significant companies, who provide a large number of jobs to the community. It is also an area of popular subdivisions, which has contributed to a marked increase of residents. Also, there are many tourism spots such as spas, sports on the Laguna Piedra Roja, and mountain climbing.
View original language description ↓
Este Banco comunal se llama “Eclipse” lo conforman 21 emprendedores, quienes se dedican a diferentes rubros entre los cuales se encuentran atención de un almacén, bazar, paquetería, verdulería, artesanía en piedras preciosas, oro y plata, orfebrería, artesanía en madera y venta de ropa usada. Todos ellos pertenecientes a la comuna de Colina, ciudad de Santiago.
Angelica integrante del Banco comunal, quien en la foto se encuentra sentada en primera fila, ocupando el primer lugar de derecha a izquierda y en sus piernas carga a su pequeño hijo de 3 años de edad.
Ella se dedica a la artesanía en madera y vende principalmente artículos para el hogar. Trabaja en éste oficio desde hace 15 años. Sus productos los vende en ferias libres.
Su mercadería la compra en distribuidoras ubicadas en la comuna de Estación Central, ciudad de Santiago.
Con el crédito comprará materiales y mercadería para su negocio.
Las metas en su negocio son formalizarlo y tener una microempresa familiar, ya que su marido también se dedica a la artesanía en madera, pero realiza juguetes. Para concretar éste proyecto deben contar con un capital más alto.
Angelica vive junto a su marido y sus tres hijos de 20, 12 y 3 años de edad. Sus sueños a nivel personal son generar una estabilidad laboral y económica que le permita brindarle a su familia un mayor bienestar de vida.
Angelica está muy contenta y agradecida del crédito y servicios entregados por Fondo Esperanza, ya que le han dado la oportunidad de invertir en sus negocios a mucha gente emprendedora.
Comenta que el grupo está muy afiatado y entusiasmado con la prosperidad de cada uno de sus negocios.
Colina es una comuna de la región metropolitana (donde está Santiago, capital de Chile) ubicada al norte de la misma. Actualmente es centro de importantes inversiones, principalmente en el área agro industrial, debido a la instalación de grandes e importantes empresas, que de paso entregan un gran número de empleos a la comunidad. Es también un área de parcelaciones de agrado, lo que ha contribuido a aumentar considerablemente el número de habitantes. También cuenta con espacios adecuados al turismo, tales como termas, deporte en la Laguna Piedra Roja y montañismo.

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
  • $2,552,775
    Funds lent in using Kiva
  • 509.9
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Eclipse Group's $3,900 loan helped a member to buy supplies and merchandise for her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 20, 2011
Listed
Oct 20, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012