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Quince Mas Uno Group
In this Group: Mónica, Doris, Nelly, Patricia, Veronica, María, Francis, Joselyn, Katherine, Rosa, Chantal, Patricia, Irene, Fabiola, Vicente, Alejandra, Natalia
This communal bank is called “Quince más Uno” (Fifteen plus One). It has 17 members who are in a variety of businesses. Among them are crafts making, commerce, dressmaking, barber shop, among others. They all live in the city of Santiago’s Independencia Commune.

Mónica is a member of the communal bank and she’s squatting in the photo, first from left to right and wearing sunglasses. She has been working embroidering clothes for the last year and a half.

Her business is called “Bordado con Sentimiento” (Embroidery with Feeling) because she writes poems, names and dedications on various articles of clothing according to the customer’s wishes. Some of these products are t-shirts and blankets.

However, she comments that demand for her products and/or services is irregular so it’s not a good idea to only have this single business. Therefore, she added to her services creating and making corporate logos for firms since these are produced at wholesale and are economically more convenient for her. Mónica publicizes her work through a blog she has on the Internet as well as providing her data to acquaintances and friends. She buys her supplies in the Independencia and Estación Central Communes. This loan is to buy t-shirts, thermal fabric and towels to embroider. Her goal is to expand the business and to make progress with it.

Mónica lives with her two children who are 18 and 13 years old. Her dreams on a family level is that her children are able to make their projects reality. Her daughter hopes to go to dental school at a state university so Mónica strives daily to generate new and better income to provide her children with the best possible economic wellbeing.

She is very happy and grateful for the loan provided by Fondo Esperanza because it will make it possible for her to invest in her business and generate higher profits. She comments that the group in the communal bank she participates in is very strong and they share similar goals of building projects on a large scale and to be able to make them happen.

Independencia is one of the 34 communes that make up the city of Santiago (Capital of Chile) and is located in the center-north sector. It arose at the end of the 19th-century as a traditional part of the city. Its main axis is Independencia Avenue which used to be the ancient Road of the Inca which was the northern gate of the city of Santiago. Because of its extensive indigenous population the Chilean Indigenous Cultural Center is found in Independencia. It also has important historical buildings among which are six historical Chilean monuments.
View original language description ↓
Este Banco comunal se llama “Quince más Uno”, lo conforman17 emprendedores, quienes se dedican a diferentes rubros entre los cuales se encuentran, artesanía, comercio, corte y confección, peluquería, entre otros. Todos ellos pertenecientes a la comuna de Independencia, ciudad de Santiago.
Mónica integrante del Banco comunal, quien en la foto se encuentra en cuclillas, ubicada en el primer lugar de izquierda a derecha, usando lentes de sol. Ella se dedica a bordar ropa, desde hace 1 año y medio.
Su trabajo lo denomina “bordado con sentimiento”, ya que escribe poemas, nombres, dedicatorias en diferentes prendas, según lo requiera cada cliente. Algunos de estos productos son mantas y poleras.
Sin embargo comenta que la demanda de sus productos y/o servicios es relativa, por lo que no resulta conveniente tener solo ese negocio, de esta manera incorporó a sus servicios la creación y hechura de logos corporativos en empresas, ya que estos se realizan al por mayor y resulta más conveniente económicamente.
Mónica realiza publicidad de su trabajo mediante un Blog que tiene en internet, además de dar datos a sus conocidos y amigos.
Sus materiales los compra en las comunas de Independencia y Estación Central.
Con el crédito comprará poleras, telas de polar y toallas para bordar.
Sus metas son expandir su negocio y prosperar con su negocio.
Mónica vive junto a sus dos hijos de 18 y 13 años de edad. Sus sueños a nivel familiar son que sus hijos puedan concretar sus proyectos, su hija anhela estudiar odontología en una Universidad Estatal. Por lo tanto Mónica se esfuerza a diario para generar nuevos y mejores ingresos, para también brindarles a sus hijos un mejor bienestar económico.
Ella se encuentra muy contenta y agradecida del crédito entregado por Fondo esperanza, ya que éste le permitirá invertir en su negocio y generar mayores ganancias. Comenta que el grupo del Banco comunal al cual participa está muy afiatado y sus anhelos son similares de construir proyectos en grande y poder concretarlos.
Independencia es una de las 34 comunas que componen la ciudad de Santiago (capital de Chile), ubicada en el sector centro-norte. Surgió a fines del siglo XIX como un sector tradicional de la ciudad. Su eje principal es la Av. Independencia, por la cual pasaba el antiguo Camino del Inca, puerta de entrada por el norte, a la ciudad de Santiago. Dada su amplia población indígena, en Independencia se encuentra el Centro Cultural Indígena de Chile. Cuenta también con importantes construcciones históricas, entre ellas 6 monumentos históricos de Chile.

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
  • 518.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Quince Mas Uno Group's $3,100 loan helped a member to buy t-shirts, thermal fabric and towels to embroider.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2011
Listed
Oct 21, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012