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Camino Al Exito Group
In this Group: Candy, Fabiola, Víctor, Angelica, Miryan, Maricella, Altagracia, Laura, Ruth, María , Raquel, Laura, Erica, Violeta, Gloria
This communal bank is called “Camino al Éxito” [Road to Success]. It is made up of 15 entrepreneur who work in different areas. Among these are making bread, selling groceries, miscellaneous items, making fast food and sewing. All of them belong to the community of Colina, located in the city of Santiago.

Candy is the president of the communal bank. In the photo she is in the second row, leaning forward and a little bent over. Her hair is shoulder length and light brown. She is also wearing a navy blue t-shirt.

She is a merchant, specifically she sells new clothes for adults and children, according to the season. She has been doing this for two years. She sells her products from her house. Her work schedule is afternoons Mondays through Sundays. She buys her merchandise at distributors and stores, where the prices are cheaper. With the loan, she will buy construction materials in a locale in a room in her house. She will also invest in more exclusive clothing.

Candy lives with her husband and two daughters, aged 7 and 3. Her oldest daughter goes to high school and her youngest daughter goes to nursery school. One of her personal dreams is is to buy a pick up truck which will allow her to transport her merchandise. That way she could sell in rural or marginal areas. She is very happy and grateful for the support offered by the Fondo Esperanza, since the loan will allow her to invest in her business.

In regards to the communal bank she belongs to, she says tha the members are very cooperative and dedicated. Colina is a community in the metropolitan area (where Santiago is the capital of Chile), located in the north of town. Right now it is the center of important investment, mainly in the area of agricultural industry, because of large installations and important businesses. These also bring a lot of jobs to the area. There are also a lot of subdivisions in the area, which contributes to the number of residents. It also has areas with a lot of tourism, such as thermal springs and sports in the the Laguna Piedra Roja and mountain climbing.
View original language description ↓
Este Banco comunal se llama “Camino al Éxito”, está conformado por 15 emprendedores, quienes se dedican a diferentes rubros, entre los cuales se encuentran preparación de pan amasado, venta de abarrotes, artículos de bazar, preparación de comida rápida y costuras. Todos ellos pertenecientes a la comuna de Colina, ubicada en la ciudad de Santiago.
Candy presidenta del grupo del Banco comunal, quien en la foto se encuentra en la segunda fila, inclinada hacia delante y un poco agachada. El corte de su cabello es una melena y es de color castaño claro. Además usa una polera manga corta, la cual es de color azul marino.
Ella se dedica al rubro del comercio, específicamente vendiendo ropa nueva de adultos y niños, de acuerdo a cada temporada. Trabaja en este negocio, desde hace dos años. Sus productos los vende desde su casa.
Su horario de trabajo es durante las tardes de lunes a domingo.
Su mercadería la compra en distribuidoras y comercios, en los cuales los precios sean más baratos.
Con el crédito comprará materiales de construcción para habilitar una habitación de su casa en un local. Además invertirá en mercadería para su negocio.
Una de sus metas es contar con una gran cantidad de mercadería, espera invertir en ropa más exclusiva.
Candy vive junto a su marido y sus dos hijas de 7 y 3 años de edad, su hija mayor asiste al colegio y su hija pequeña asiste al jardín infantil. Uno de sus sueños a nivel personal es comprar una camioneta, la cual le permitiría trasladar su mercadería, de esta manera vendería en sectores rurales o periféricos.
Ella está muy contenta y agradecida del apoyo brindado por Fondo Esperanza, ya que el préstamo le permitirá invertir en su negocio.
Respecto al grupo del Banco comunal, del cual forma parte comenta que sus integrantes son muy colaboradores y comprometidos.
Colina es una comuna de la región metropolitana (donde está Santiago, capital de Chile) ubicada al norte de la misma. Actualmente es centro de importantes inversiones, principalmente en el área agro industrial, debido a la instalación de grandes e importantes empresas, que de paso entregan un gran número de empleos a la comunidad. Es también un área de parcelaciones de agrado, lo que ha contribuido a aumentar considerablemente el número de habitantes. También cuenta con espacios adecuados al turismo, tales como termas, deporte en la Laguna Piedra Roja y montañismo.

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
  • $2,552,775
    Funds lent in using Kiva
  • 482.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Camino Al Exito Group's $2,825 loan helped a member to buy construction materials to remodel a room in the locale in her house. She will also invest in merchandise for her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 16, 2012
Listed
Mar 25, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012