Lucero Del Mañana Group
Update on Lucero Del Mañana GroupThis communal bank is called "Lucero del Mañana” ["Bright Star of the Morning"]. It is made up of 19 entrepreneurs who work in different fields, including pastry making, clothing sales, and making bedspreads, among other professions. All of them live in the area of the city of Temuco.
Olga is the president of the communal bank group. In the photo, she is in the second row, second from the left, dressed in jeans and a white jacket with pink and black stripes across the shoulder. She also has her hair up.
She has worked for the past 5 years as a mobile vendor. Specifically, she sells all types of merchandise and handicraft products. She has a stall located in the city's plaza. Her working hours are from 8 in the morning until 2 in the afternoon, from Monday through Friday. She reports that she has a large number of customers who regularly buy from her.
She usually buys her merchandise from distributors located in the cities of Temuco or Santiago. With the loan, she will buy undergarments for men, women and children. One of her goals for her business is to set up an established shop where she can sell lingerie products.
Olga lives together with her husband and her two children, aged 17 and 11. Her dreams on a personal level are to provide her children with education so they can become professionals.
She is very happy and grateful for the opportunity provided by the Esperanza Fund to invest in her business, because it has also allowed her to make progress toward achieving her dreams.
She also feels very comfortable with her communal bank group, because there are excellent relationships and very good communication among its members.
Temuco is the capital of the Araucanía region. The city is located 670 kilometers south of Santiago (Chile's capital). In the surrounding area is a series of lakeside resorts (Pucón, Villarrica) and very remarkable native flora and fauna, concentrated in nearby nature reserves. It is worth mentioning that this region is home to 50% of the Mapuche people, an indigenous group, who live in our country.
Olga presidenta del grupo del Banco comunal, quien en la foto se encuentra en la segunda fila, en el segundo lugar de izquierda a derecha, vistiendo un jeans y un polerón color blanco con unas franjas de colores fucsia y negro en el hombro. Además usa su cabello tomado.
Ella se dedica al rubro del comercio ambulante desde hace 5 años. Específicamente vende todo tipo de mercadería y productos de artesanía. En un puesto que tiene ubicado en la plaza de armas de la ciudad. Su horario de trabajo es de 8ºº de la mañana hasta las 2ºº de la tarde, de lunes a viernes. Comenta que cuenta con una gran cantidad de clientes, que la prefieren.
Su mercadería usualmente la compra en distribuidoras ubicadas en las ciudades de Temuco o Santiago.
Con el crédito comprará ropa interior para varones, damas y niños.
Una de sus metas en su negocio, es instalarse con un local establecido, donde pueda vender productos de lencería.
Olga vive junto a su esposo y sus dos hijos de 17 y 11 años de edad. Sus sueños a nivel personal son brindarles a sus hijos educación, para que sean profesionales.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo Esperanza, para invertir en su negocio, ya que también le ha permitido ir concretando sus sueños.
Además se siente muy cómoda con el grupo del banco comunal, ya que existen muy buenas relaciones y comunicación, entre sus integrantes.
Temuco es la capital de la región de la Araucanía. La ciudad se ubica a 670 kilómetros al sur de Santiago (capital de Chile). En sus alrededores se ubican una serie de balnearios lacustres (Pucón, Villarrica) y una flora y fauna nativa muy llamativas, concentrada en parques naturales cercanos. Cabe destacar que en esta región habita el 50% de los mapuches, pueblo indígena, existente en nuestro país.
Previous Loan DetailsThis community bank is called "Lucero del Mañana” and has 18 members who all work in different fields including businesses such as clothes sales, market stall, confectionery store, cooking, sewing and grocery store. All of the bank's members live in the city of Temuco. Olga is the community… More from Lucero Del Mañana 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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Success!! The loan was 100% repaid