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Davinci Group
In this Group: Ruth*, Alejandra*, María, Ana, Olivia, Sara, Raiza, Elizabeth, María, Miriam, María, Belinda, Ruth, Ivon, Ingrid, Marta, Mónica
* not pictured
This communal bank is called “Davinci”. It is made up of 17 entrepreneurs who work in different areas. Among them is a book store, a sales kiosk, selling cereals, preparing fast food, selling cosmetics, preparing bread dough. All of them belong to the city of Temuco.

Ruth is a member of the communal bank. In the photo, she is in the second row of the group, standing, second from the left. She is wearing a dark jacket and her hair is loose. She works as a hair stylist. She remarks that 4 months ago, she got her own house and she is setting up her business. She wants to open her hair salon in a space alongside the house itself. To do this, she needs to enlarge it, and then she will have an established locale and she won't have to rent a space. For now, her working hours are flexible and she accommodates her new customer's needs. That way, she will have more customers, since Ruth goes to people's houses to cut and color hair. She buys her materials from a distributor that specializes in hair products.

With the loan, she will buy construction materials to enlarge her house and set up her hair salon. She remarks that setting up her business in an established locale will be cementing one of her goals.

Ruth lives with her husband and her 7 year old son. Her personal dreams are to study psychology and for that she has to take the University Selection Exam ( the PSU). She is very happy and grateful for the loan and services given by the Fondo Esperanza. She also feels very comfortable with the communal bank she belongs to since they are very united and there is trust and respect, despite the differences in age and interests in the group.

Temuco is the capital of the Araucanía region. The is located 670 kilometers south of Santiago (the capital of Chile). Nearby is a series of lake beaches (Pucón, Villarrica) and striking native flora and fauna in its nature parks. It is worth noting that this region has 50% of the country's Mapuche population, an indigenous people.
View original language description ↓
Este Banco comunal se llama “Davinci” lo conforman 17 emprendedores, quienes se dedican a diferentes rubros entre los cuales se encuentran librería, kiosco, venta de cereales, pastelería, preparación de comida rápida, venta de cosméticos, preparación de pan amasado. Todos ellos pertenecientes a la ciudad de Temuco.
Ruth integrante del grupo del Banco comunal, quien en la foto se encuentra en la segunda fila del grupo, de pie, ubicada en el segundo lugar de derecha a izquierda, vistiendo una chaqueta oscura y su cabello está suelto. Ella se dedica al rubro de la peluquería.
Comenta que hace 4 meses le entregaron su vivienda propia por lo que se encuentra acomodando su negocio. Ya que quiere instalar su peluquería en un espacio lateral de su misma casa, para esto necesita ampliarla, de esta manera tendría un local establecido y no tendría que arrendar un local.
Por ahora el horario de atención es flexible y se acomoda a los requerimientos de sus nuevos clientes, de esta manera tendrá contara con un mayor número de clientes. Ya que Ruth va a cortar y teñir el pelo a domicilio.
Sus materiales los compra en una distribuidora especialista en productos para el cabello.
Con el crédito comprará materiales de construcción para ampliar su casa e instalar el local establecido de peluquería.
Comenta que al instalar su negocio en un local establecido estaría concretando una de sus metas.
Ruth vive junto a su marido y su hijo de 7 años de edad. Sus sueños a nivel personal son estudiar la carrera de psicología, para esto debe rendir la prueba de selección universitaria (PSU).
Ella está muy contenta y agradecida del crédito y servicios entregados por Fondo esperanza, además se siente muy cómoda con el grupo del Banco comunal del cual forma parte, ya que están muy afiatados, existe confianza y respeto a pesar de las diferencias de edad e intereses en el grupo.
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.

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
  • 518.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Davinci Group's $3,275 loan helped a member to buy construction to enlarge her house and set up a locale for a hair salon.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2011
Listed
Oct 22, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012