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Esperanza Group
In this Group: María Isabel, Ana María, María Cristina, Maribel, Elizabeth, Luz, Patricia, Rayner, Luis, María Eugenia, María, Elcira, María Elisa, Rosa, Sergio, Saray, Carla, Gloria
This communal bank is called “Esperanza” and it has 18 entrepreneurs who carry out a variety of lines of work among which are clothes sales, running an Internet café (a public place with access to the Internet), bookstore, fast food production, pastry shop and clothes making, among others; all are from the city of Chillán.

Maribel is a member of the communal bank who is seated in the first row in the photo first from left to right; her hair is dark brown and she’s wearing brown pants. She runs a grocery and beverage shop. She comments that she’s had this business for the last five months. She works full time since she works from 8am until 10pm, Monday to Sunday. She must follow this schedule because there is no other store for 3 kilometers and customer demand is high, a situation she notes optimistically because she has no competition. She has recently also added baking and selling bread. She buys her merchandise in wholesale supermarkets and from snack distributors.

She will use the loan to buy an electric, refrigerated display case to store her products to increase clientele and thus her income. Her goals are to expand her store to start her activities cycle since she now only has a temporary sales permit. She will also buy a kneader to make bread making easier.

Maribel lives with her husband and two children who are 6 years and one year and seven months old. Her dream at a personal level is to obtain a house of her own since she currently lives in a borrowed house and lot.

She is very happy and grateful for the economic support Fondo Esperanza has granted her. Besides, she feels very comfortable in the meetings they have because she shares experiences with other merchant members and also learns new administration strategies.

Chillán is a commune in south-central Chile. Its name means “Seat of the Sun” in Mapudungun, the language of the Mapuche indigenous peoples. Chillán is also known as the “Birthplace of the Nation” or “Land of Artists” because outstanding personages in Chile’s history were born here like the well-known pianist, Claudio Arrau, for example.
View original language description ↓
Este Banco comunal se llama “Esperanza” está conformado por 18 emprendedores, quienes se dedican a diferentes rubros entre los cuales se encuentran venta de ropa, atención de un ciber (local publico con acceso a internet), librería, preparación de comida rápida, pastelería, costuras de ropa, entre otros. Todos ellos pertenecientes a la ciudad de Chillán.
Maribel integrante del grupo del Banco comunal, quien en la foto se encuentra sentada en la primera fila, ubicada en el primer puesto de izquierda a derecha, su cabello es de color castaño oscuro y viste con pantalones color café.
Ella se dedica a atender un almacén de abarrotes y bebidas. Comenta que tiene éste negocio desde hace 5 meses. Su horario de atención es en horario completo, ya que trabaja de 8ºº de la mañana hasta las 10ºº horas de la noche, de lunes a domingo. Debe seguir éste horario debido a que no existe otro almacén a 3 kilómetros y la demanda de clientes es alta. Situación que observa con optimismo, ya que no tiene competencias.
Actualmente también ha incorporado la preparación y venta de pan.
Su mercadería la compra en supermercados mayoristas y distribuidoras de confites.
Con el crédito comprará una vitrina congeladora eléctrica, para guardar sus productos, de ésta manera pretende aumentar su clientela y por ende sus ingresos.
Sus metas son ampliar su local para comenzar con el inicio de actividades, ya que por ahora solo cuenta con un permiso de ventas provisorio. Además comprar una amasadora para facilitar la preparación de pan.
Maribel vive junto a su marido y sus dos hijos de 6 y 1 año siete meses de edad. Su marido es quien la ayuda con la administración del negocio, durante la semana y también la apoya con el cuidado de sus hijos.
Sus sueños a nivel personal son obtener su casa propia, ya que por ahora le cedieron un terreno y casa prestados.
Ella está muy contenta y agradecida del apoyo económico brindado por Fondo esperanza, además se siente muy cómoda con las reuniones impartidas, ya que comparte experiencias con otros socios comerciantes y también aprende nuevas estrategias de administración.
Chillán es una comuna de la zona centro sur de Chile. Su nombre significa “silla del sol” en mapudungun, idioma de nuestros indígenas mapuches. Chillán es conocida como “Cuna de la Patria” o “Tierra de Artistas”, debido a que en la ciudad han nacido destacados personajes de la historia de Chile, como por ejemplo el conocido pianista Claudio Arrau.

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
  • 491.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Group's $3,200 loan helped a member to buy an electric, refrigerated display case.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 20, 2012
Listed
Mar 14, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 15, 2012