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Unidos Progresamos Group
In this Group: Mabel, Nolfa, Eugenio, Rossie, María, Francisca, Nadia, Cecilia, Jacqueline, Solange, Cecilia, Mabel, Alicia, Mariluz, Lucila, Eliana
This communal bank is called “Unidos Progresamos” (United Progress). It is made up of 16 entrepreneurs who are engaged in different businesses, among which are jewelry sales, the sale of sweets, a pastry shop, the sale of fabrics, and handicrafts, among other businesses. All the members live in the city of Rancagua.


Mabel, the president of the communal bank, can be found in the photo in the first row, second from the right wearing a dark print, ¾ sleeve blouse. Her hair is long and light brown with bangs. In addition, she is wearing her glasses atop on top of her head. She works selling household goods, specifically, drapes, lace curtains, flounces, and dish towels, among other articles. She has been in this business for 5 years. She offers her products at different street markets 4 days a week: Wednesdays, Thursdays, Saturdays, and Sundays. She purchases three bales of merchandise weekly from a distributor in the city of Santiago.


With the loan she will buy 6 bales of household goods in order to stock her business during the Christmas season. One of her goals is to establish herself as a distributor of used clothing since this type of business does not exist in the city of Rancagua. Many merchants have to carry out the purchase of such merchandise in Santiago, and it would be a great business for obtaining good profits.


Mabel lives with her father and her four children, ages 17, 13, 8, and 6. Her father helps her with the business since he enjoys supporting her. One of her dreams is to study for a career in social work. Her motivation for continuing with the business is that it is her sole source of her family’s income. Mabel is very happy and thankful for the opportunity offered by Fondo Esperanza since it will allow her to have capital for investing in her business.


With regard to the communal bank of which she is a part, she says that there is a very good relationship among the members. This is why they feel very comfortable sharing their different activities and interests. Rancagua is part of the Libertador Bernardo O´Higgins region. It is a modern city that is Chile’s principal center for the production and export of fruit and grapevines. It is also a mining city due to the , nearby mountain range in which one finds the largest underground mine in the world, “El Teniente” , with 4,500 km. of tunnels.

View original language description ↓
Este Banco comunal se llama “Unidos Progresamos” está conformado por 16 emprendedores, quienes se dedican a diferentes rubros, entre los cuales se encuentran venta de joyas, venta de confites, repostería, tejidos, confección, entre otros negocios. Todos ellos pertenecientes a la ciudad de Rancagua.
Mabel presidenta del grupo del Banco comunal quien en la foto se encuentra en la primera fila, ubicada en el segundo lugar de izquierda a derecha, usa una blusa estampada de color oscuro, manga ¾, su cabello es largo y de color castaño claro, con chasquilla, además usa sus gafas sobre la cabeza.
Se dedica al rubro del comercio, específicamente vendiendo ropa para casa, entre cortinas, visillos, cenefas, paños para secar platos, entre otros artículos. Trabaja en éste negocio desde hace 5 años.
Ofrece sus productos en diferentes ferias libres, 4 días a la semana, miércoles, jueves, sábados y domingos.
Su mercadería la compra por fardo semanalmente (3 fardos), en una distribuidora en la ciudad de Santiago.
Con el crédito comprará 6 fardos de ropa de casa para abastecer su negocio durante la temporada de navidad.
Una de sus metas son instalarse con una distribuidora de fardos de ropa usada, ya que en la ciudad de Rancagua no existen éste tipo de negocios y muchos comerciantes deben realizar las compras de mercadería en la ciudad de Santiago, por lo que sería un gran negocio para obtener buenas utilidades.
Mabel vive junto a su padre y sus cuatro hijos de 17, 13, 8 y 6 años de edad. Su padre es quien la ayuda con el negocio, ya que se distrae apoyándola. Uno de sus sueños es estudiar la carrera de Trabajo Social.
Las motivaciones de continuar con el negocio, se deben a que es la única fuente de ingreso en su familia.
Mabel está muy contenta y agradecida de la oportunidad brindada por Fondo Esperanza, ya que le permitió contar con un capital, para invertir en su negocio.
Respecto al grupo del Banco comunal del cual forma parte, comenta que existe una muy buena relación entre sus miembros, por lo que se siente muy cómoda de compartir diferentes actividades e intereses.
Rancagua pertenece a la región del Libertador Bernardo O´Higgins. Es una moderna ciudad que regula el principal proceso productivo y exportador agro frutícola y vitivinícola de Chile. Es también una ciudad minera, debido a que en su cordillera se encuentra la mina subterránea más grande del mundo “El Teniente”, con 4.500 km. de túneles.

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
  • 521.8
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Unidos Progresamos Group's $2,900 loan helped a member to purchase household goods such as drapes and lace curtains to stock her business during the Christmas season.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2011
Listed
Dec 23, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012