Las Rosas Group
Update on Las Rosas GroupThis community bank is called “Las Rosas” and it has 16 members who all work in different business activities including running a tire repair shop, selling costume jewelry, producing nuts and dried fruit, hairdressing, making handicrafts, baking, etc.
All the members of the bank live in the town of La Serena. Cecilia is a member of the community bank. She can be seen in the front row of the photo, second from the left. She is wearing a long, checked skirt and a printed blouse. Her hair is dark brown and she has bangs.
Cecilia's business is making school clothes and soft furnishings (drapes). She also upholsters bus seats.
On Wednesdays and Thursdays, Cecilia upholsters bus seats and, during the rest of the week, she makes clothes and soft furnishings. She works from home and, a short while ago, she extended her home. In her home, she has three different sewing machines: two regular machines and an overlock machine. All three are industrial machines.
Cecilia has been in this line of work for 10 years and she is continually increasing her knowledge in her field. She buys her supplies from a distributor.
Cecilia will use her loan to buy supplies for her sewing. She will also buy material with which to recover bus seats. Her goals are to set herself up in her own workshop and to own more machines, in particular an embroidery machine as companies are asking her to make institutional logos (emblems). She would also like to provide a source of work for other people.
Cecilia lives together with her daughter who is studying. One of her dreams is to set herself up in her own workshop so that she can make more income and thereby provide her family with a better quality of life. She is very happy and grateful for the opportunity that Fondo Esperanza are giving her to invest in her business. She says that the group she belongs to is very committed and responsible.
La Serena is a town in the north of Chile, in Coquimbo region, Elqui province. It is an important tourist town, especially during the summer when people come to visit its beaches. The town is dedicated above all to the service sector. There are several banks and financial institutions, and a varied range of dining establishments and hotels. In recent decades, tourism has become one of the most important business activities in the town. In addition, the town is an obligatory stopover for the hundreds of cruises that arrive in the city of Coquimbo. La Serena provides temporary accommodation for people visiting the area and the Elqui Valley.
Cecilia integrante del Banco comunal, quien en la foto se encuentra en primera fila, en el segundo lugar de izquierda a derecha, usa una falda larga a cuadros y una blusa estampada. Además su cabello es color castaño oscuro y usa chasquilla.
Se dedica a la confección de ropa de vestir para colegio y ropa de casa (cortinaje), además a retapizar asientos de buses.
Los días miércoles y jueves se dedica a tapizar en los buses y el resto de la semana confecciona ropa. Trabaja en su casa, ya que hace poco tiempo realizó una ampliación, ahí cuenta con 3 máquinas de coser diferente, dos con puntada recta y una overlock, las tres son industriales.
Se dedica a éste rubro desde hace 10 años y continuamente se ha estado perfeccionando en su oficio.
Sus insumos los compra en una distribuidora.
Con el crédito comprará insumos para realizar sus costuras y género para retapizar asientos de buses.
Sus metas son instalarse en su propio taller, contar con más maquinarias, (bordadora), ya que en las empresas le están solicitando realizar los logos institucionales (insignias), además de brindar una fuente laboral a otras personas.
Cecilia vive junto a su hija, quien estudia. Uno de sus sueños es instalarse con su taller, para generar mayores ingresos, de esta manera brindarle a su familia una mejor calidad de vida.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo esperanza para invertir en su negocio. Comenta además que el grupo del cual forma parte es muy comprometido y responsable.
La Serena es una ciudad al norte de Chile, ubicada en la Región de Coquimbo, provincia de Elqui.
Es un importante sitio turístico, especialmente durante el verano, donde la gente va a visitar sus playas. La ciudad se dedica principalmente al sector de los servicios, habiendo varios bancos e instituciones financieras y una variada oferta gastronómica y hotelera. En las últimas décadas, el turismo se ha convertido en unas de las actividades económicas más importantes, además la ciudad es paso obligatorio de cientos de cruceros que arriban a la ciudad de Coquimbo, en donde en La Serena encuentran el lugar de residencia provisoria para visitar la zona y el Valle de Elqui.
Previous Loan DetailsThis communal bank is called “Las Rosas” and has 17 entrepreneurs who are in a variety of businesses though mainly barber services and sewing. All are from the city of La Serena. Héctor is a member and Secretary of the communal bank. In the photo he’s in the middle in the back of the group. ... More from Las Rosas 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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