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Granito De Arena Group
In this Group: Edith, Paola, Graciela, Jenny, Claudia, Mariana, Laura, Sarita, Elsa, Susana, Cristina, Pamela, Karina, Deysi, Jessica, Karen, Etelvina, Balbina
This communal bank is called “Granito de Arena” [Little Grain of Sand]. It is made up of 18 entrepreneurs who make their livings in different areas, including selling vegetables, running a mini-market, operating a hair salon, selling clothing, selling jewelry, perfumes and toys, among other businesses. They are all from the city of Chillán.

Edith is a member of the communal bank. In the photo, she is standing in the front row, fourth from the right. She wears glasses; her hair is pulled back; and she is wearing a printed black, white and calypso blue shirt.

She makes her living running a stationery store. Here she offers items and services for students, including school supplies and photocopies. She has been working in this area for the past 5 years.

Her business is located inside her home, because she has converted the living room into a store. Her work schedule is all day long until 1 a.m. every day of the week, including holidays.

With the loan, she will purchase reams of office paper to take photocopies, and she will do maintenance on her printer.

Her short-term goal for her business is to stock it with merchandise. Her long term goal is to convert it into a minimarket.

Edith lives with her husband and her two children, 22 and 17. She comments that her older son is studying to be a computer science engineer (5th year) and her daughter is still in school.

One of her personal dreams is to have a better quality of life, which will provide tranquility to her family.

Her motivation to continue her business is that she hopes to have an economically peaceful old age, since Edith is an accountant by trade and her retirement will not cover her family expenses. Therefore, this business is designed as a stable, enduring source of income.

She is very happy and greatful for the opportunity provided by Fondo Esperanza, because it allows her to have economic capital to invest in her business and prosper. With regards to the group in her communal bank, she comments that they are very pleasant and committed.

Chillán is a town in the south central area of Chile. Its name means “seat of the sun” in Mapudungun, the language of the Mapuche indigenous people. Chillán is known as the “Birthplace of the Fatherland” or “Land of the Artists,” due to the fact that distinguished characters in the history of Chile were born here, for example the well-known pianist Claudio Arrau.
View original language description ↓
Este Banco comunal se llama “Granito de Arena” está conformado por 18 emprendedores, quienes se dedican a diferentes rubros, entre los cuales se encuentran verdulería, minimarket, peluquería, venta de ropa, venta de joyas, perfumes y juguetes, entre otros negocios. Todos ellos pertenecientes a la ciudad de Chillán.
Edith integrante del grupo del Banco comunal, quien en la foto se encuentra de pié en la primera fila, en el cuarto puesto de derecha a izquierda, usa anteojos, su cabello está tomado y usa una blusa estampada con colores negro, Calipso y blanco.
Se dedica a atender un bazar librería, ahí ofrece diferentes artículos y servicios para escolares. Entre útiles escolares y fotocopias. Trabaja en éste rubro desde hace 5 años.
Su negocio lo tiene ubicado al interior de su casa, ya que habilitó el living como local. Su horario de trabajo es durante todo el día hasta la 1ºº de la madrugada, todos los días de la semana, incluyendo festivos.
Con el crédito comprará resmas de hojas de oficina para sacar fotocopias, además realizará la mantención de su máquina impresora.
Sus metas a corto plazo para su negocio son surtirlo de mercadería, por otro lado sus metas a largo plazo son implementarlo como un minimarket.
Edith vive junto a su marido y sus dos hijos de 22 y 17 años de edad, comenta que su hijo mayor está estudiando la carrera de ingeniería en informática (5º año) y su hija aún asiste a la enseñanza media.
Uno de sus sueños a nivel personal es tener una mejor calidad de vida, que le brinde tranquilidad a su familia.
Las motivaciones de continuar con el negocio se deben a que anhela tener una vejez tranquila en el ámbito económico, ya que Edith es de profesión contadora y su jubilación no alcanzaría a cubrir sus gastos familiares, por lo que éste negocio está destinado como una fuente de ingreso estable y perdurable en el tiempo.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo Esperanza, ya que le permitirá contar con un capital económico para invertir en su negocio y prosperar. Respecto al grupo del Banco comunal comenta que es muy agradable y comprometido.
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
  • 521.8
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Granito De Arena Group's $2,900 loan helped a member to purchase reams of office paper to make photocopies and to do maintenance on her printer.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 16, 2011
Listed
Dec 24, 2011
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012