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Norte Grande Group
In this Group: Adriana*, Jacqueline, Alcides, Gladys, Joel, Betsabé, Patricia, Jacqueline, Juan, Marlene, María Victoria, Romina, Mariza, Luisa, Rosa, Mónica, René, Jeniffer, Margarita
* not pictured
This communal bank is called "Norte Grande," and is made up of 19 entrepreneurs, who work in various areas, that include a grocery store, curtain-making, selling ice cream, selling new clothes, and other activities. They all live in Renca commune (municipality) in the city of Santiago.

Adriana is a member of the communal bank, and appears in the photo, sitting in the first row. She is the first person going from right to left, wearing a flowered lilac and black T-shirt and black pants. She has light brown hair, worn loose to her shoulders.

She has been selling perfumes for approximately a year. She buys her products at wholesale from a distributor in the Meiggs neighborhood of the city of Santiago. In addition, Adriana has her own store, which she makes good use of in selling the perfumes. With the loan, she will buy perfumes for stocking her business.

Adriana lives with her husband, and one of her personal dreams is to remodel her home. The motivation for starting the business and keeping it going, is that Adriana needs to contribute to her family's household expenses.

She is very happy and thankful for the opportunity offered by Fondo Esperanza, as it will allow her to invest in her business. She also says that she makes her home available for the meetings of the communal bank, which has also been useful for bringing the group closer together, and creating greater trust.

Furthermore, through the training, she has learned new strategies for keeping accounts and for investment, which will be useful in her business.

Renca is a commune (municipality) located in the northwest area of the Santiago Metropolitan Region (Santiago is Chile's capital). It is a commune with a strong community focus, highlighted by the community television channel, Renca TV, created with the aim of promoting the commune's cultural and artistic activities.
View original language description ↓
Este Banco comunal se llama “Norte Grande” está conformado por 19 emprendedores, quienes se dedican a diferentes rubros entre los cuales se encuentran venta de abarrotes, confección de cortinas, venta de helados, venta de ropa nueva, entre otros rubros. Todos ellos pertenecientes a la comuna de Renca, ciudad de Santiago.
Adriana integrante del Banco comunal, quien en la foto se encuentra sentada en primera fila, ocupando el primer puesto de derecha a izquierda, quien además usa una polera floreada con colores lilas y negros, su pantalón es de color negro y su pelo es color castaño claro que además lo usa suelto al hombro.
Ella se dedica a la venta de perfumes desde hace 1 año aproximadamente. Sus productos los compra al por mayor en una distribuidora del barrio “Meiggs” ciudad de Santiago.
Adriana además cuenta con su propio bazar, en el cual aprovecha de vender los perfumes.
Con el crédito comprará perfumes para abastecer su negocio.
Adriana vive junto a su marido y uno de sus sueños a nivel personal es remodelar su casa.
Las motivaciones de comenzar y continuar con el negocio se deben a que Adriana necesita colaborar con los gastos económicos de su familia.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo esperanza, ya que le permitirá invertir en su negocio.
Además comenta que dispone de su casa para realizar las reuniones del Banco comunal, lo cual también ha sido útil para unir al grupo y generar una mayor confianza.
Por otro lado con las capacitaciones ha aprendido nuevas estrategias de contabilidad e inversión, lo cual le servirá en su negocio.
Renca es una comuna ubicada en el sector norponiente del Santiago (capital de Chile), región metropolitana. Es una comuna con un fuerte trabajo comunitario, entre lo que se destaca el canal de televisión comunitario “Renca TV”, creado con el fin de promover las actividades culturales y artísticas de la comuna.

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
  • $2,552,775
    Funds lent in using Kiva
  • 497.6
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Norte Grande Group's $3,775 loan helped a member to buy perfumes to stock her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 28, 2011
Listed
Jan 23, 2012
Currency Exchange Loss:
Possible
Ended:
May 15, 2012