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Umbral De Triunfo Group
In this Group: Elsa, Rosa, Sandra, Patricia, Sergio, Humberto, Erna, Raul, Juan Carlos, Sofia, Marcos, Silvia, María , Yoselin, Miriam, Isabel , José, Jessica
This communal bank is called Umbral de Triunfo [Threshold of Triumph] and is made up of 18 entrepreneurs who work in different fields, among which can be found the sale of firewood, pastry shop, people who make sales at the markets, chocolate merchants, sewing, food sales, and other services. All of them live in the city of Valdivia.

Elsa is the president of the communal bank. In the photo she can be found sitting in the first row, in the second place from right to left, wearing a print dress with Calypso colors, and black and white, wearing a beige jacket, and her hair is loose.

She works in the field of commerce and also provides services and has been in these two businesses for 24 years.

She makes and sells pastries including tarts and mote con huesillo (Chilean soft drink without alcohol). She also provides catering services for weddings, birthdays and other holidays where there is a charge for cocktails, entrees, pastries, cakes and servicing the tables.

She buys the supplies and ingredients that she will need in Temuco or Santiago. With the loan she will fix the car she uses for her work to provide her services.

Her goals for the business are to establish a restaurant and an event room. She lives with her husband and one of her dreams is to expand her business.

She is very happy and grateful for the opportunity that the Fondo Esperanza has given her to invest in her business. Also, she feels very comfortable with the group she is a member of. They are united, with respect and trust.

Valdivia is a city in the south of Chile, located in the area of Los Ríos. It is known for having one of the few navigable rivers of Chile, the Calle Calle. Valdivia has, as one of its principal economic activities, the shipbuilding industry, logging, paper, cellulose (Celco), brewing, and milling. Tourism plays an important role, and so do the educational university services, headed by the Universidad de Austral de Chile.
View original language description ↓
Este Banco comunal se llama “Umbral de Triunfo” está conformado por 18 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de leña, repostería, feriantes, chocolatería, corte y confección, alimentos, servicios entre otros. Todos ellos pertenecientes a la ciudad de Valdivia.
Elsa, presidenta del grupo del Banco comunal, quien en la foto se encuentra sentada en primera fila, ocupando el segundo lugar de derecha a izquierda, viste un vestido estampado con colores Calipso, negro y blanco, encima lleva puesto un chaleco color beige, su cabello lo usa suelto.
Ella se dedica al rubro del comercio y también presta servicios, se ocupa de estos dos negocios desde hace 24 años.
Prepara y vende productos de repostería entre kuchen y mote con huesillo (bebida refrescante chilena, sin alcohol), además presta servicios de banquetería para matrimonios, cumpleaños y otras festividades, ahí se encarga del coctel, platos de fondo, postres, torta y servicio de mesas.
La mercadería e ingredientes que va necesitando los compra en las ciudades de Temuco o Santiago.
Con el crédito arreglará el carro con el que trabaja para ofrecer sus productos alimenticios.
Las metas en su negocio son instalarse con un restaurante y una sala de eventos.
Elsa vive junto a su marido y uno de sus sueños son ampliarse en su negocio.
Ella está muy contenta y agradecida de la oportunidad que le ha brindado Fondo Esperanza para invertir en su negocio. Además se siente muy cómoda con el grupo que participa, ya que son unidos, existe respeto y confianza.
Valdivia es una ciudad del sur de Chile, ubicada en la región de Los Ríos. Se destaca por tener uno de los pocos ríos navegables de Chile, el Calle Calle. Valdivia presenta, dentro de sus principales actividades económicas, la industria de la construcción naval, maderera, papelera, celulosa (Celco), cervecera y molinera. El turismo desempeña un papel importante, como también los servicios educacionales universitarios, encabezados por la Universidad Austral 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
  • $2,552,775
    Funds lent in using Kiva
  • 510.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Umbral De Triunfo Group's $2,775 loan helped a member to repair the car she uses for her work to provide her services.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 17, 2011
Listed
Nov 19, 2011
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2012