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Fénix De Asís Group
In this Group: Sara, Edmundo, Marisol, Rubén, Alejandra, Guillermina, Mireya, Claudia, Myriam, Liliana, Rosa, Alicia, Alejandra, Ana María, Magdalena
This communal bank is called “Fénix de Asís” and is composed of 15 entrepreneurs who are in a variety of lines of work among which there is clothes making, barber shop, pastry shop, crafts, clothing and perfume sales via catalogue. All of them are from the city of Rancagua.

Sara is communal bank president. In the photo she’s seated in the first row occupying the first spot from right to left. She’s wearing a white printed blouse and her hair is gathered and is dark brown.

She’s a merchant tending to a general store selling stationery and packing items; she’s also added used clothes sales. She’s been in this business for three years together with her two children who are also her partners. She works Monday to Sunday from 10am until 10pm. She buys her merchandise from distributors in the city of Santiago and she comments that she does so according to each season.

She will use the loan to buy school supplies and also some warm winter clothes. Her goals are to expand her store’s infrastructure and to start selling beverages and ice cream since her store is located in the center of the city and many people pass by.

Sara lives with her two children. The oldest works independently as a topographer and her younger son will start to study a career as a renewable energy technician.

She is very happy and grateful for the opportunity provided by Fondo Esperanza because it will allow her to invest in her business. She comments that the training has been fundamental for her business and also for her personal development because she’s learned how to organize and better distribute her income and investments.

Rancagua belongs to the Libertador Bernardo O’Higgins Region. It’s a modern city that regulates Chile’s main fruit and wine industry’s processes and export. It is also a mining city because the world’s largest underground mine, “El Teniente,” with 4500 kilometers of tunnels is found in its mountain range.
View original language description ↓
Este Banco comunal se llama “Fénix de Asís” está conformado por 15 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran confección de ropa, peluquería, repostería, artesanía, venta de ropa y perfumes por catálogo. Todos ellos pertenecientes a la ciudad de Rancagua.
Sara presidenta del grupo del Banco comunal, quien en la foto se encuentra en primera fila sentada, ocupando el primer lugar de derecha a izquierda. Viste con una blusa de color blanco y diseños, su cabello lo usa recogido y es de color castaño oscuro.
Ella se dedica al rubro del comercio, ya que atiende un bazar en el cual vende productos de paquetería y librería, además ha incorporado también la venta de ropa usada. Se dedica a éste negocio desde hace tres años, junto a sus dos hijos, quienes además son sus socios. Trabaja de lunes a domingo en un horario de 10ºº de la mañana hasta las 10ºº de la noche. Su mercadería la compra en distribuidoras en la ciudad de Santiago y comenta que de acuerdo a cada temporada.
Con el crédito comprará útiles escolares y también un poco de ropa abrigadora para la temporada de invierno.
Sus metas son ampliar la infraestructura de su local comercial e incorporar la venta de bebidas y helados, ya que su local está ubicado en el centro de la ciudad y existe gran concurrencia de personas.
Sara vive junto a sus dos hijos, el mayor de ellos trabaja de manera dependiente como topógrafo y su hijo menor comenzará a estudiar la carrera de Técnico en energía renovable.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo Esperanza, ya que le permitirá invertir en su negocio. Comenta que las capacitaciones han sido fundamentales para su negocio y también para su desarrollo personal. Ya que ha aprendido a organizar y distribuir de mejor manera sus ingresos e inversiones.
Rancagua pertenece a la región del Libertador Bernardo O´Higgins. Es una moderna ciudad que regula el principal proceso productivo y exportador agrofrutícola y vitivinícola de Chile. Es también una ciudad minera, debido a que en su cordillera se encuentra la mina subterránea más grande del mundo “El Teniente”, con 4.500 km. de túneles.

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
  • $2,637,700
    Funds lent in using Kiva
  • 481.9
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Fénix De Asís Group's $6,775 loan helped a member to buy shool supplies and some warm winter clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 12, 2012
Listed
Mar 24, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012