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Vecinas Y Amigas Group
In this Group: Verónica, Ana María, María Luisa, Paula, Gloria, Ximena, Irene, Luz, María, Diana, Patricia, Margarita, Ively, Marinka, Paola, Cristina
This communal bank is called, "Vecinas y Amigas" (Neighbors and Friends), and is made up of 16 entrepreneurs who work in different sectors, which include hairdressing and a bakery. All of them live in the Colina commune, in the city of Santiago.

Veronica is a member of the communal bank. She appears in the photo, standing in the first row, to one side, and is the first person going from right to left. She is wearing black, and has light brown hair. She has bangs, and is holding a purse and a folder in her hands.

Veronica has had a business preparing fast food for three years. She prepares fried potatoes, pizzas, and completos (hot dog with avocado, tomato, and sauces). Her stand is located near her home, which is quite convenient for her, as she prepares her products at home to later sell them at the stand.

She works every day of the week from 7:00 in the evening to 2:00 in the morning. She buys her merchandise mainly in wholesale supermarkets. With the loan she will buy products for stocking her business, such as drinks purchased at wholesale.

Her goal for her business is to expand her food stand to offer greater comfort to her customers. In addition, she plans to buy a vehicle that will allow her to transport her merchandise when she does her shopping, as now she has to pay for delivery, or do her shopping while walking, a situation that is a hardship for Veronica, because she is very self-sacrificing.

She lives with her husband, her two children ages 15 and 10, and a brother. Her dream on the personal level, is to go on a vacation with her family.

Veronica is very happy and grateful for the opportunity and trust that Fondo Esperanza has given to the the group, as the loan will allow her to invest in her business. She says that the group is very good, and that they also share similar interests.

Colina is a commune (municipality) in the Greater Santiago Metropolitan Region (Santiago is the capital of Chile), and is located to the north of the city. Currently it is the focus of significant investment, mainly in the agroindustrial sector, due to the establishment of large and important companies, that provide a great number of jobs to the community.

It is also an area of new subdivisions, which has contributed to a considerable increase in the population. It also has tourist attractions, such as hot springs, recreational activities at Laguna Piedra Roja, and mountain-climbing.
View original language description ↓
Este Banco comunal se llama “Vecinas y Amigas” está conformado por 16 emprendedoras, quienes se dedican a diferentes rubros, entre los cuales se encuentran peluquería y amasandería. Todas ellas pertenecientes a la comuna de Colina, ciudad de Santiago.
Verónica integrante del Banco comunal, quien en la foto se encuentra en la primera fila de pié, a un costado, ubicada en el primer lugar de derecha a izquierda. Ella viste de color negro, su cabello es castaño claro, usa chasquilla y en sus manos sostiene su cartera y una carpeta.
Verónica se dedica al rubro de la preparación de comida rápida desde hace tres años. Realizando, papas fritas, pizzas y completos (hot dog con palta, tomate y salsas). Su puesto está ubicado cerca de su casa, lo cual le permite cierta comodidad, ya que prepara sus productos desde su casa para posteriormente venderlos en el puesto. Ella trabaja todos los días de la semana en un horario de 19ºº de la tarde hasta las 2ºº de la madrugada.
Su mercadería la compra principalmente en supermercados mayoristas.
Con el crédito comprará productos para abastecer su negocio, como bebidas al por mayor.
Las metas en su negocio son ampliar su puesto de comida para brindarle una mayor comodidad a sus clientes, además pretende comprar un vehículo que le permita trasladar su mercadería cuando va de compras, ya que por ahora debe pagar fletes o realizar las compras caminando, situación que aqueja a Verónica, ya que es muy sacrificado.
Ella vive junto a su marido, sus dos hijos de 15 y 10 años de edad, además de un hermano. Sus sueños a nivel personal son vacacionar junto a su familia.
Verónica está muy contenta y agradecida de la oportunidad y confianza que Fondo esperanza ha depositado en el grupo, ya que el crédito le permitirá invertir en su negocio.
Comenta que el grupo es muy bueno y que además comparten similares intereses.
Colina es una comuna de la región metropolitana (donde está Santiago, capital de Chile) ubicada al norte de la misma. Actualmente es centro de importantes inversiones, principalmente en el área agro industrial, debido a la instalación de grandes e importantes empresas, que de paso entregan un gran número de empleos a la comunidad. Es también un área de parcelaciones de agrado, lo que ha contribuido a aumentar considerablemente el número de habitantes. También cuenta con espacios adecuados al turismo, tales como termas, deporte en la Laguna Piedra Roja y montañismo.

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

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 503.3
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Vecinas Y Amigas Group's $3,200 loan helped a member to buy products for stocking her store, such as drinks purchased at wholesale.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 19, 2011
Listed
Jan 23, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 15, 2012