Quince Mas Uno Group
Update on Quince Mas Uno GroupThis communal bank is called "Quince más Uno" [Fifteen plus One] and is made up of 18 members, who make a living in different sectors, among which are clothes crafts, bakery, confectionery, educational games crafts, sewing, hairdressing, and selling eggs. All the members belong to the commune of Independencia, in the city of Santiago.
Mónica is part of this communal bank. She is on the second row of the photo, standing up in first position on the right hand side. She is wearing sunglasses, a short-sleeved black T-shirt and her hair is light brown and tied back. She has been making a living sewing clothes for the last two years. She calls her work "bordado con sentimiento" [embroidered with feeling], as she writes poems, names or dedications on different articles of clothing, depending on the desires of each customer. Some of her products are blankets and T-shirts. Also, she has introduced making logos for some businesses as a stable source of work. She comments that during the months of January and February she worked for a manufacturer in making blankets.
Her work has been an important economical support for her family. She buys her materials in the communes of Independencia and Estación Central.
With this loan she will buy T-shirts, blankets, threads, blended paper and towels to embroider. Also, she will pay the maintenance of the sewing machine she uses.
One of her short term goals is to buy a computerized sewing machine, to extend her business, as at the moment she uses her mother's machines. In this way, she will also be able to become independent.
Mónica lives with her two children aged 18 and 13. Her oldest daughter will start studying a pre-university course to prepare herself well and take the PSU (prueba de selección unversitaria [university selection test]) in order to study a dentistry degree at university.
Mónica's motivations are to make an effort every day, to generate a higher income and in this way fulfil her dreams.
She is very happy and grateful for the loan provided by Fondo Esperanza, as it has allowed her to invest in her business and to succeed economically. She comments that the communal bank group she participates in is very close and and feels very comfortable.
Independencia is one of the 34 communes that make up the city of Santiago (the capital city of Chile), located in the central-north sector. It arose at the end of the 19th century as a traditional part of the city. Its main axis is Independencia Avenue which used to be the ancient Road of the Inca which was the northern gate of the city of Santiago. Because of its extensive indigenous population the Chilean Indigenous Cultural Center is found in Independencia. It also has important historical buildings among which are six historical Chilean monuments.
Todos ellos pertenecientes a la comuna de Independencia, ciudad de Santiago.
Mónica integrante del Banco comunal, quien en la foto se encuentra en la segunda fila del grupo, está de pié y ocupa el primer lugar de derecha a izquierda. Usa unas gafas para el sol, viste una polera manga corta color negro y su cabello es de color castaño claro, además lo usa tomado.
Ella se dedica a bordar ropa, desde hace 2 años. Su trabajo lo denomina “bordado con sentimiento”, ya que escribe poemas, nombres, dedicatorias en diferentes prendas, según lo requiera cada cliente. Algunos de estos productos son mantas y poleras. Además ha incorporado de manera estable el trabajo en la hechura de logos corporativos para algunas empresas, comenta que durante los meses de enero y febrero trabajó para una productora en la hechura de mantas.
Trabajos que han sido un importante aporte económico para su familia.
Sus materiales los compra en las comunas de Independencia y Estación Central.
Con el crédito comprará poleras, mantas, hilos, papel fusionado y toallas para bordar. Además del pago en la mantención de la maquina bordadora que utiliza.
Una de sus metas a corto plazo, es comprar una maquina bordadora computarizada, para expandir su negocio, ya que actualmente utiliza las maquinarias de su madre. De ésta manera también podría independizarse.
Mónica vive junto a sus dos hijos de 18 y 13 años de edad. Su hija mayor entrará a estudiar a un pre universitario, para prepararse de buena manera y rendir la prueba de selección universitaria (PSU) de ésta manera estudiar la carrera de odontología en la Universidad.
Las motivaciones de Mónica son esforzarse cada día, para generar mayores ingresos, de esta manera podría concretar sus sueños.
Ella se encuentra muy contenta y agradecida del crédito entregado por Fondo esperanza, ya que le ha permitido invertir en su negocio y superarse económicamente. Comenta que el grupo del Banco comunal al cual participa está muy afiatado por lo que se siente muy cómoda.
Independencia es una de las 34 comunas que componen la ciudad de Santiago (capital de Chile), ubicada en el sector centro-norte. Surgió a fines del siglo XIX como un sector tradicional de la ciudad. Su eje principal es la Av. Independencia, por la cual pasaba el antiguo Camino del Inca, puerta de entrada por el norte, a la ciudad de Santiago. Dada su amplia población indígena, en Independencia se encuentra el Centro Cultural Indígena de Chile. Cuenta también con importantes construcciones históricas, entre ellas 6 monumentos históricos de Chile.
Previous Loan DetailsThis communal bank is called “Quince más Uno” (Fifteen plus One). It has 17 members who are in a variety of businesses. Among them are crafts making, commerce, dressmaking, barber shop, among others. They all live in the city of Santiago’s Independencia Commune. Mónica is a member of the... More from Quince Mas Uno 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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