El Esfuerzo Group
Update on El Esfuerzo GroupThis communal bank is called "El Esfuerzo" (Effort). It is made up of 15 entrepreneurs who work in different fields: preparing fast food, in a bakery, selling candy, making checkbooks and receipts, in handicrafts and in sales, among others. They are all from the city of Osorno.
Sandra is a member of the communal bank, and is pictured on the right side of the photo wearing a purple shirt, jeans, and white tennis shoes. She works in sales, selling clothing for men, women, and children. She has had this business for three years. She says she has good customers, and knows the majority of them. This makes payment easy. Sandra works from Monday to Friday with a flexible schedule. She normally buys her merchandise in the Meiggs district in Santiago. She will use the loan to buy shirts and socks. One of her goals for her business is to set up a permanent shop, which will allow her to sell a greater quantity and variety of products. Sandra lives with her husband, their two children who are 15 and 8 years old, and her mother. Her personal dreams are to have her own house, and to do that she must apply for a housing subsidy.
She is very happy and thankful for the opportunity provided her by Fondo Esperanza to invest in her business. She comments that she also enjoys the company of the communal bank group, as they all get along very well. In regards to the training, they have helped her incorporate new sales and accounting strategies in her business.
Valdivia is a city in southern Chile, located in the Los Rios region. It is known for having one of the few navigable rivers in Chile, the Calle-Calle. Valdivia has, among its main economic activities, a shipbuilding industry, a timber industry, a paper mill, a pulp mill (Celco), a brewery and mills. Tourism plays an important role, as well as educational services, led by the Universidad Austral de Chile.
Sandra integrante del grupo del Banco comunal, quien en la foto se encuentra en el primer lugar de derecha a izquierda, vistiendo una polera color morado, jeans y zapatillas color blanco. Ella se dedica al rubro del comercio, específicamente vendiendo ropa para varón, dama y niños. Se ocupa a éste negocio desde hace 3 años.
Comenta que tiene muy buena clientela y que en su mayoría son conocidas, por lo que también brinda facilidades de pago. Sandra trabaja de lunes a viernes con un horario flexible.
Su mercadería la compra generalmente en el Barrio Meiggs, ciudad de Santiago.
Con el crédito comprará camisetas de polar y calcetines.
Una de las metas para su negocio, es instalarse con un local establecido, que le permita vender una mayor cantidad y variedad de productos.
Sandra vive junto a su marido, sus dos hijos de 15 y 8 años de edad, además de su madre. Sus sueños a nivel personal son obtener su casa propia, para esto debe postular al subsidio habitacional.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo Esperanza para invertir en su negocio. Comenta que también disfruta de la compañía del grupo del Banco comunal, ya que son afiatados y tienen una muy buena convivencia. Respecto a las capacitaciones, estas le han servido para ir incorporando en su negocio nuevas estrategias de venta y contabilidad.
Valdivia es una ciudad del sur de Chile, ubicada en la región de Los Ríos. Se destaca por tener uno de los pocos ríos navegables de Chile, el Calle Calle. Valdivia presenta, dentro de sus principales actividades económicas, la industria de la construcción naval, maderera, papelera, celulosa (Celco), cervecera y molinera. El turismo desempeña un papel importante, como también los servicios educacionales universitarios, encabezados por la Universidad Austral de Chile.
Previous Loan DetailsThis communal bank is called "El Esfuerzo" (Effort). It is made up of 20 entrepreneurs who work in different fields, including candy sales, tailoring, and fast food. They are all from Valdivia city. Griselda, who in the photo is standing in the middle of the group, wearing a black jacket and… More from El Esfuerzo 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