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Renacimiento Group
In this Group: Ana , Angelica, Irma, María Eugenia, Jeannett, Estela , Bernardita, Margot, Miriam, Judith, Patricia, Claudia, Octavio, Patricia, Marisol, Patricia
This communal bank is called “Renacimiento” . It consists of 16 entrepreneurs who each work in different business sectors such as: grocery stores; bakeries; used clothes sales; fast food production and other businesses. They are all belong to the town of Chillán.

Ana is a member of the communal bank and in the photo can be seen standing on a chair which is why she stands out. She is wearing a dark jacket and a floral shirt. Her hair is shoulder length and dark brown and is waving with her left hand. She has been selling stationary in a bazaar for the last 7 years. Her business is located in her backyard patio. She says that she started her business with very few items and currently her business has expanded and is well stocked which why she is doing well. In addition her bazaar is close to 2 schools which during the high seasons, from March onwards, gives her the edge despite having compettiion in the area.

She buys her merchandise from suppliers who visit her locale as it works out cheaper. She will buy items for her bazaar with the loan.

Her goals are to continue growing and expanding the infrastructure of her locale. In addition she says that she wants to start another business as Ana is also a hairdresser and would like to build another room and fit it out as a beauty salon. She has given herself a timeframe of 6 months to realize this project.

Ana lives with her mother and 2 daughters who study at the university. Her dreams are for her business to prosper to give her and her family a better quality of life.

She is very happy and grateful for the support given her by the Fondo Esperanza as it has allowed her to invest in her business. In addition, she also feels very comfortable at the meetings and with the group she is a part of as they have helped them know one another. With regards the training, these have helped her better administer her business income and expenses.

Chillán is a community in the centre of southern Chile. The name means "Chair of the Sun" in Mapudungun, the language of the indigenous Mapuches. Chillán is known as the "Cradle of the Nation" or "Land of Artists" due to the fact that the town has produced several leading figures in the history of Chile such as the concert pianist Claudio Arrau.
View original language description ↓
Este Banco comunal se llama “Renacimiento” está conformado por 16 emprendedores, quienes se dedican a diferentes rubros entre los cuales se encuentran venta de abarrotes en almacenes, panaderías, venta de ropa usada, preparación de comida rápida entre otros. Todos ellos pertenecientes a la ciudad de Chillán.
Ana integrante del grupo del Banco comunal quien en la foto se encuentra arriba de una silla, por lo que sobresale, ella viste un chaleco oscuro y una polera floreada, su cabello es de color castaño oscuro hasta el hombro, además saluda con la mano izquierda.
Ella se dedica a la venta de artículos de librería en un bazar, desde hace 7 años. Su local lo tiene ubicado en el patio de su casa.
Comenta que su negocio lo inició con muy poca mercadería y en la actualidad su negocio se ha expandido y lo tiene bien abastecido por lo que le ha ido muy bien. Además su local está ubicado cerca de dos colegios por lo que para las temporadas más altas, a partir de marzo, esto le favorece, a pesar de la competencia en el sector.
Su mercadería la compra a los proveedores que van directamente a su local, ya que es más conveniente económicamente.
Con el crédito comprará insumos para surtir su bazar.
Sus metas son seguir creciendo y ampliar la infraestructura de su local. Además comenta que quiere iniciar otro negocio, ya que Ana también realiza el oficio de peluquería por lo que le gustaría construir otro local y habilitarlo como salón de belleza. Para concretar éste proyecto se dio un plazo de 6 meses.
Ana vive junto a su madre y sus dos hijas, quienes estudian en la universidad.
Sus sueños son prosperar en su negocio, para brindarle una mejor calidad de vida a su familia.
Ella está muy contenta y agradecida del apoyo brindado por Fondo esperanza, ya que le ha permitido invertir en su negocio.
Además se siente muy cómoda con las reuniones y el grupo del cual forma parte, ya que les ha servido para conocerse. Respecto a las capacitaciones, estas le han servido para administrar de mejor manera los ingresos y gastos del negocio.
Chillán es una comuna de la zona centro sur de Chile. Su nombre significa “silla del sol” en mapudungun, idioma de nuestros indígenas mapuches. Chillán es conocida como “Cuna de la Patria” o “Tierra de Artistas”, debido a que en la ciudad han nacido destacados personajes de la historia de Chile, como por ejemplo el conocido pianista Claudio Arrau.

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
  • 522.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Renacimiento Group's $2,500 loan helped a member to buy items to stock her stationary store.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 25, 2011
Listed
Nov 28, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012