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Prosperidad Group
In this Group: Sara, María Cecilia, Elizabeth, Johanna, Gloria, Graciela, Rosa, Mario, Adriana, María Fernanda, Sofía, Romina, Oriana, Eliana, Lucia, Sonia, Evelyn, María Fernanda, Cecilia
This communal bank is called "Prosperity," and is made up of 19 entrepreneurs, who work in various sectors. These include dress-making, pastry shop, hairdressing, cheese-making, clothing sales, and fast-food preparation. All the members live in the city of Talca.

Sara is the representative of the communal bank group. She is seen in the back part of the photo, in the last row, occupying the second spot from left to right, and has short, light-brown hair.

She has a chocolate-making business, and also does vitrofusion (a craft involving glass melted at high temperature). She says that the seasons with the highest demand are from April on. She has been carrying on this work for 10 years. Her work hours are flexible; a few hours during the morning and afternoon, from Monday to Friday.

She promotes her products via word-of-mouth, as she has quite a number of customers. She buys her merchandise at various distributors, glassworks, and markets, where she finds more affordable prices. With the loan, she will buy materials and ingredients for her business. Her goals are to see her business grow, and have the chance to teach this trade to more people.

Sara lives with her two children, ages 19 and 8. Her eldest daughter goes to university, studying nursing. She is very happy and grateful for the opportunity provided by Fondo Esperanza, as it will allow her to invest in her business. She says that the group she belongs to is very nice and supportive.

Talca is part of Maule region, located in the central area of the country. It serves as the administrative, economic and cultural center of the region, being the most important city in the Central Valley of Chile.

There is a curious allusion to Talca in Chile, the expression "Talca, Paris, and London." Among the many myths about the matter, some say that it derives from something an English person once said, "Talca looks like London" [Spanish "parece" 'looks like' and "París" 'Paris' sound alike] because of the abundant fog that frequently covers the city in the winter season, similar to the capital of the United Kingdom.
View original language description ↓
Este Banco comunal se llama “Prosperidad” está conformado por 19 emprendedores, quienes se dedican a diferentes rubros, entre los cuales se encuentran confección de ropa, pastelería, peluquería, producción de queso, venta de ropa y preparación de comida rápida. Todos ellos pertenecientes a la ciudad de Talca.
Sara delegada del grupo del Banco comunal, quien en la foto se encuentra al final de la foto, en la última fila, ocupando el segundo lugar de izquierda a derecha, usa su cabello corto y es de color castaño claro.
Ella se dedica al rubro de la chocolatería y también a la vitrofusión (Arte de vidrio fundido a temperatura alta). Comenta que las temporadas de más alta demanda son a partir del mes de abril. Se desempeña en estos rubros desde hace 10 años.
Su horario de trabajo es flexible, algunas horas durante la mañana y la tarde, de lunes a viernes.
Promociona sus productos de boca en boca, ya que tiene bastante clientela.
Su mercadería la compra en diferentes distribuidoras, vidrierías y mercados, en los cuales encuentra precios más convenientes económicamente.
Con el crédito comprará materiales e ingredientes para su negocio.
Sus metas son surgir en su negocio y tener la posibilidad de enseñarle a más personas, éste oficio.
Sara vive junto a sus dos hijas de 19 y 8 años de edad. Su hija mayor estudia en la Universidad, la carrera de enfermería.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo esperanza, ya que le permitirá invertir en su negocio. Comenta que el grupo del cual forma parte es muy ameno y solidario.
Talca pertenece a la región del Maule, ubicada en la zona centro del país. Constituye el centro administrativo, económico y cultural de la región, siendo la ciudad más importante del Valle Central chileno. Sobre Talca existe una curiosa referencia en Chile, la frase "Talca, París, y Londres". Entre los mitos al respecto, algunos dicen que es una derivación de la originalmente dicha por un inglés "Talca parece Londres", por la abundante neblina que cubre frecuentemente la ciudad en la temporada invernal, a semejanza de la capital del Reino Unido.

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
  • 482.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Prosperidad Group's $4,950 loan helped a member to buy materials and ingredients for her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 2, 2012
Listed
Mar 26, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012