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Banco De La Fe De Parral Group
In this Group: Teresa, María Antonia, María , Nilfa, Jonathan, Jacqueline, María Angelica, Israel, Alonso, Sandra, Irene, Alicia, María Elena, Viviana, Angelica, Erika, Carolina
This communal bank is called "Banco de la Fe de Parral” [Parral's Faith Bank] and is made up of 17 entrepreneurs involved in various trades related to commerce, including hair cutting/styling and food preparation among others. They are all residents of the city of Linares.

Teresa, a member of the communal bank group who is located in the back row in the photo, second from the right, wears her dark brown hair long and loose. In addition she is one of the two tallest members of the group. She has been involved in the hair cutting and styling business for 13 years. She learned the trade at an educational center. She tends to her clients in her own home, where she provides hair cuts, coloring and styling. Therefore her hours are flexible, since her clients also call to inquire of her availability Monday through Sunday.

She purchases her supplies and the materials she needs from a specialty distributor of hair salon products where she receives discounts due to her being a long-time customer. With the loan she will purchase a hair-cutting tool. One of her goals is to have a shop established in her home's patio area in order to set up a beauty salon. She comments that she has already applied for a subsidy for the expansion of her home, and so will be able to bring her project to fruition quite soon.

Teresa lives with her husband and two children who are eight and three years old. One of her dreams of a personal nature is to have her salon set up, since by doing so she will be able to offer her family a better quality of life. She is very happy and thankful for the opportunity Fondo Esperanza is giving her, since it has allowed her to invest in her business.

Linares is an important urban center in the Maule region, located in the country's central zone. In this area agricultural production stands out significantly, as well as the wine industry in the ambit of exports. In particular, cereal crops (rice, wheat, corn and oats), vegetables (beets, cabbage, lettuce, chard and legumes) and fruits are grown. Linares is Chile's main rice-producing province; in fact, 78% of the nation's production of this grain takes place in this province, especially in the municipality of Parral.
View original language description ↓
Este Banco comunal se llama “Banco de la Fe de Parral”, está conformado por 17 emprendedores, quienes se dedican a diferentes rubros relacionados al comercio, entre los cuales se encuentran rubros de peluquería, preparación de alimentos entre otros. Todos ellos pertenecientes a la ciudad de Linares.
Teresa integrante del grupo del Banco comunal, quien en la foto se encuentra al fondo del grupo, ocupando el segundo lugar de derecha a izquierda, usa su cabello largo y suelto, el cual es de color castaño oscuro. Además es una de las dos integrantes del grupo más alta.
Ella se dedica al rubro de la peluquería desde hace 13 años. Estudió en un centro educacional.
Atiende a sus clientes en su propia casa, en la cual presta servicios de corte de cabello, tintura y peinados. Por lo cual su horario es flexible, ya que además sus clientes la llaman para preguntar disponibilidad de lunes a domingo.
Sus insumos y materiales que necesita los compra e una distribuidora especialista en venta de productos para peluqueros, en la cual le hacen descuentos debido a la antigüedad.
Con el crédito comprará una máquina para cortar el pelo.
Una de sus metas es tener un local establecido en el patio de su casa, para instalar un salón de belleza. Comenta que ya postuló a un subsidio de ampliación en su casa, por lo que podrá concretar su proyecto en el menor tiempo posible.
Teresa vive junto a su esposo y sus dos hijos de 8 y 3 años. Uno de sus sueños a nivel personal, es tener su local establecido, ya que con esto podrá brindarle a su familia una mejor calidad de vida.
Ella está muy contenta y agradecida de la oportunidad otorgada por Fondo Esperanza, ya que le ha permitido invertir en su negocio.
Linares es un importante centro urbano de la región del Maule, ubicado en la zona centro del país. En esta zona se desarrolla de manera importante la producción agrícola y también vitivinícola sobresaliendo en el ámbito de las exportaciones. Destacan los cultivos de cereales (arroz, trigo, maíz y avena), hortalizas (remolacha, repollo, lechuga y acelga y legumbres) y frutas. Linares es la principal provincia productora de arroz, en Chile; de hecho, el 78% de la producción nacional de este cereal se da en esta provincia, especialmente en la comuna de Parral.

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
  • 478.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco De La Fe De Parral Group's $6,350 loan helped a member to purchase a hair-cutting tool.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 1, 2012
Listed
Feb 19, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012