Check out some available loans that are similar to this one!
Siglo Xxi Group
In this Group: María, Víctor, Hernán , Blanca, José, Balvina, Ester, José, Yasmín, Celedonia, Jeaqueline, Irene, Dionicia, Rosa, Tamara, María, Yesenia, Alicia
This communal bank is called “Siglo XXI” (Century XXI). It is made up of 18 entrepreneurs who make their livings in different areas including craft work, trade, handicrafts and preparing and selling fast food, among other businesses. All of them live in the city of Temuco.
María is a member of the communal bank. In the photo, she is in the back row, third from the right. She is wearing a light-green jacket and a lilac scarf. She has made her living in handicrafts for the last 7 years. Among the items she crafts are dolls. She spends time each day taking care of the housework, which is generally in the mornings. And then she sets her afternoons aside to make her handicrafts. She says that she enjoys her trade and that her mother did the same.
María offers her products for sale in the various artisan fairs.
She purchases her materials every 3 weeks in different stores around the city of Temuco.
With the loan, she will purchase a sewing machine, which will help her to increase her production. Currently, she does all the sewing by hand.
Her goal is to increase production of her handicrafts.
María says that during the Christmas season and summer vacation, her sales will increase considerably due to the demand for products in the artisan fairs that she participates in.
María lives together with her husband and three children, who are 19, 18 and 8 years old. Her dream, on a personal level, is that her children be able to go to university and study for a professional career.
She is very happy with and grateful for the opportunity that Fondo Esperanza has offered her to invest in her business. In addition, she enjoys the meetings and the members of her communal bank, where there is dynamism, aptitude and respect.
Temuco is the capital of the Araucanía Region. The city is located 670 km. south of Santiago (the capital of Chile). In the surrounding areas are a series of lakeside beaches (Pucón, Villarrica) and striking native flora and fauna concentrated in nearby native parks. It is also worth pointing out that this region is home to 50% of the Mapuche population, the native people of our country.
View original language description ↓
Este Banco comunal se llama “Siglo XXI” lo conforman 18 emprendedores quienes se dedican a diferentes rubros entre los cuales se encuentran artesanía, comercio, manualidades, preparación y venta de comida rápida entre otros. Todos ellos pertenecientes a la ciudad de Temuco.
María integrante del Banco comunal quien en la foto aparece en la última fila del grupo, en el tercer lugar de derecha a izquierda, usando una chaqueta color verde agua y una bufanda color lila. Ella se dedica a la producción de manualidades desde hace 7 años, entre estas se encuentran la producción de muñecos. Ella distribuye su tiempo diario de acuerdo a las tareas hogareñas que tenga, lo que generalmente es por las mañanas, por lo que destina las tardes para la producción de sus manualidades. Comenta que disfruta de su oficio, ya que además lo practicaba su madre.
María ofrece sus productos en diversas ferias artesanales, para posteriormente venderlas.
Sus materiales los compra en diferentes locales de la ciudad de Temuco cada 20 días.
Con el crédito comprará una máquina de coser que le servirá para aumentar su producción. Ya que actualmente realiza las costuras a mano.
Sus metas son aumentar la producción de sus productos de manualidades.
Comenta que durante la temporada de navidad y vacaciones de verano aumentarán considerablemente sus ventas debido a la demanda de productos en las ferias artesanales en las cuales ella participa.
María vive junto a su marido y sus tres hijos de 19, 18 y 8 años de edad. Sus sueños a nivel personal son que sus hijos ingresen a la universidad a estudiar una carrera profesional.
Ella está muy contenta y agradecida de la oportunidad que le ha brindado Fondo esperanza para invertir en su negocio. Además disfruta de las reuniones y del grupo del Banco comunal, ya que existe dinamismo, disposición y respeto.
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
  • 497.8
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Siglo Xxi Group's $3,450 loan helped a member to purchase a sewing machine, which will help her to increase production. Currently, she does all her sewing by hand.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 26, 2011
Listed
Nov 14, 2011
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2012