Update on Quinahue GroupThis communal bank is called “Quinahue” and is comprised of 19 entrepreneurs who dedicate themselves to different business, such as store-keeping, hairdressing, selling vegetables, preparing artisanal products, preparing baked goods, etc. They all come from the commune of Recoleta.
Elizabeth is a member of the communal bank, who is seen in back of the photo in the third row, second from the right. Use her short hair, glasses and sporty shirt to spot her. She has been selling jewelery for 22 years. She orders and makes original jewelery from gold, silver, and surgical steel, as well as costume jewelery. She sells her products by catalog, and already has a fixed clientele in the city of Temuco. Her work schedule is flexible, but she does work every day of the week. Elizabeth purchases her merchandise from distributors and has a workshop she uses for the jewelery she sends to be made or repaired. She will use this loan to buy jewelery, rings, and weights for gold. One of her business goals is to buy a computer, which would make it possible to promote her products. Her most long-term goal is to establish a permanent location for her business.
Elizabeth lives with her husband and one of her dreams is for them to marry in the church, as they currently have only a civil marriage. She is motivated to continue with her business due to the economic independence and work schedule.
She is very happy and grateful for the support offered by Fondo Esperanza, as it has made it possible for her to invest in her business, learning new strategies for organizing expenses. On the other hand, she has also greatly enjoyed the company of the other entrepreneurs. The communal bank is an honest, respectful, and committed group.
Recoleta is one of the 34 communes of Santiago (the capital of Chile) and is located in the north-central sector of the Santiago metropolitan region. Commerce there is active, especially in the commercial neighborhood of Patronato, which has hosted primarily Arabs (in the beginning) and Koreans (nowadays).
Elizabeth integrante del Banco comunal, quien en la foto se encuentra al final, en la tercera fila. Ocupando el primer lugar de derecha a izquierda. Usa su cabello corto, anteojos y una polera deportiva.
Se dedica a la venta de joyas, desde hace 22 años. Ella manda a transformar y a realizar joyas exclusivas de oro, plata, acero quirúrgico y fantasía.
Vende sus productos por catalogo, ya cuenta con clientela fija en la ciudad de Temuco.
Su horario de trabajo es flexible, sin embargo trabaja todos los días de la semana.
Su mercadería la compra en distribuidoras y las joyas que envía a reparación y a fabricar, las realiza en un taller.
Con el crédito comprará joyas, argolleros y pesas para el oro.
Una de las metas para su negocio a corto plazo es comprarse un computador, que le permita promocionar sus productos. Y su meta más a largo plazo es instalarse con un local establecido.
Elizabeth vive junto a su marido y uno de sus sueños es casarse por la iglesia, ya que solo está casada por el civil.
Sus motivaciones de continuar con el negocio, se deben a la independencia económica y de horario que le brinda su trabajo.
Ella está muy contenta y agradecida del apoyo brindado por Fondo Esperanza, ya que ha podido invertir en su negocio, aprender nuevas estrategias de organización de sus gastos y por otro lado disfruta gratamente de la compañía de las demás emprendedoras. El grupo es honesto, respetuoso y comprometido.
Recoleta es una de las 34 comunas de Santiago (capital de Chile) y se encuentra ubicada en el sector centro-norte del Santiago, región metropolitana. Cuenta con un activo comercio, destacando el barrio comercial de Patronato que ha acogido principalmente a comerciantes árabes (en un principio) y coreanos (en la actualidad).
Previous Loan DetailsThis communal bank is called “Quinahue” and has 18 enterprising members who are in a variety of occupations among which are: running stores, clothing manufacturing, clothing sales, fruit sales, vegetable sales, catalogue cosmetics sales, bicycle repair and plumbing services. All of them are from… More from Quinahue Group's previous loan »
About Fondo EsperanzaFondo 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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.
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Success!! The loan was 100% repaid