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Rayen Mapu Group
In this Group: Cristina, Sandra, Paula, Juana, Johanna, Nora, Norma, Eliana, Tamara, Sandra, Nuvia, Angelica, Mariza, Evelyn, Ana María , María, Ida, Miriam
This communal bank is called "Rayen Mapu" and is comprised of 18 entrepreneurs who are active in different businesses such as plant sales, cake preparation, crafts, fish sales, grocery sales and other businesses. They all live in the city of Padre de las Casas.

Cristina is the president of the communal bank group. She is seated in the front row, second from the left in a brown and white striped blouse. She has short, dark hair and a black bag on her lap.

She makes and sells food, especially "empanadas" (meat pies), and has been in business for five years. She has a stall where she sells, in addition to the empanadas, "sopaipillas" (fried wheat pastry), tea, coffee, beverages and sweets. Her stall is located near her house inside the mapuche community where she lives. She works every Thursday from 6:00 a.m. to 2:00 p.m. The rest of the week she works as a street vendor wherever they need her products.

On holidays she buys her merchandise in supermarkets. She plans to use the loan to buy construction materials to renovate her stall, and also to buy merchandise for her business.

Cristina lives with her husband and 16-year-old daughter. Her goal is to renovate her house and go on a vacation with her family.

She is very happy and grateful for this opportunity through Fondo Esperanza, since it will allow her to invest in her business. She says her group is very nice and everyone is responsible.

Padre Las Casas is a community in southern Chile, near the city of Temuco, in the Araucanía region. The name is in honor of Spanish priest Bartolomé de Las Casas who defended the indigenous people during the conquest of America. There is a significant Mapuche population in the community. Its economy is based on agroindustry and commercial services.
View original language description ↓
Este Banco comunal se llama “Rayen Mapu” está conformado por 18 emprendedores, quienes se dedican a diferentes rubros entre los cuales se encuentran venta de plantas, preparación de tortas, artesanía, pescadería, venta de abarrotes, entre otros negocios. Todos ellos pertenecientes a la ciudad de Padre de las Casas.
Cristina presidenta del grupo del Banco comunal, quien en la foto se encuentra sentada en primera fila, en el segundo lugar de izquierda a derecha, vistiendo una blusa con rayas verticales con tonos blanco y café, sobre sus piernas sostiene su cartera color negro, además usa su cabello corto, el cual es de color castaño oscuro.
Se dedica a la preparación y venta de comida, específicamente empanadas. Se desempeña en este negocio desde hace 5 años.
Atiende un kiosco, donde además de las empanadas vende sopaipillas, té, café, bebidas y confites. Este local está ubicado cerca de su casa, al interior de la comunidad mapuche en la que vive. Ahí trabaja todos los días jueves con un horario de 6ºº de la mañana hasta las 14ºº horas. El resto de la semana se traslada en un carretón a diferentes lugares, donde necesiten sus productos.
Su mercadería la compra en supermercados y ferias libres.
Con el crédito comprará materiales de construcción para mejorar la infraestructura de su kiosco y también comprará mercadería para su negocio.
Sus metas son surgir con su negocio y poder instalarse de manera estable en su local, para preparar y vender sus productos desde su casa.
Cristina vive junto a su marido y su hija de 16 años de edad. Sus sueños son arreglar su casa y salir de vacaciones junto a su familia.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo Esperanza, ya que le permitirá invertir en su negocio. Comenta que el grupo del cual forma parte es muy ameno y comprometido.
Padre Las Casas es una comuna del sur de Chile, cercana a la ciudad de Temuco, región de la Araucanía. Su nombre le fue dado en honor al sacerdote español Bartolomé de Las Casas, quien fue un defensor de los indígenas durante la conquista de América. Destaca una numerosa población mapuche en esta comuna. Basa su economía en la agroindustria y servicios comerciales.

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
  • 492.7
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Rayen Mapu Group's $3,875 loan helped a member to buy construction materials to renovate her stall, and to buy merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 26, 2012
Listed
Jan 29, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012