Nuevo Camino Group
Update on Nuevo Camino GroupThis community bank is called 'Nuevo Camino'. It has 18 members who are all entrepreneurs and who all work in different fields including: selling clothing, preparing fast food, raising pigs, selling vegetables, making pottery, hairdressing, producing cheese, selling cosmetics through catalogs, making confectionery, selling stationery, etc. They are all from the town of Chillán.
Carolina is a member of this community bank. She is in the back row of the photograph, second from the left. She wears glasses and her dark brown hair is tied back.
Carolina is a saleswoman. She sells new clothing for adults, children and babies. She makes her sales from home and also door to door. She has regular customers and this allows her to move safely around the area to make her sales. She has been in this business for a year and a half. She says that her peak season is during the spring and summer months.
Carolina buys her merchandise wholesale in Patronato neighborhood, in the city of Santiago (this is a commercial area which is noted for having domestic and imported clothing and accessories at very low prices).
Carolina will use her loan to buy fall and winter clothing. One of her business goals is to continue working and keep her business running over time. She has saved up enough money to apply for a housing grant.
Carolina is very happy and grateful for the opportunity provided by Fondo Esperanza as it will allow her to invest in her business. She feels very comfortable within her group as they are all united and committed people. The training sessions have helped her to learn new sales and administration strategies.
Chillán is a town in the central-southern area of Chile. Its name means 'Chair of the Sun' in Mapudungun (the language of our Mapuche ancestors). Chillán is known as 'The Cradle of the Nation' or 'Land of Artists' because it is the birthplace of a number of well-known figures from Chile's past such as, for example, the famous pianist Claudio Arrau.
Carolina integrante del grupo del Banco comunal, quien en la foto se encuentra en la última fila, ocupando el segundo lugar de izquierda a derecha, ella usa anteojos, su cabello está recogido, el cual es de color castaño oscuro.
Ella se dedica al rubro del comercio, específicamente a la venta de ropa nueva, para adulto, niños y bebes. Sus ventas las realiza desde su casa y también puerta a puerta, ya que su clientela es fija, lo cual le permite recorrer el sector con seguridad de realizar ventas. Trabaja en este rubro desde hace un año y medio. Comenta que la temporada de más alta demanda es durante los meses de primavera- verano.
Su mercadería la compra al por mayor en el Barrio Patronato (sector comercial que se caracteriza por tener ropa y accesorios nacionales e importados a muy bajos precios) ubicado en la ciudad de Santiago.
Con el crédito comprará ropa para la temporada de otoño invierno. Una de las metas para su negocio, es seguir trabajando y mantenerlo en el tiempo.
Carolina vive junto a su marido y sus dos hijos de 17 y 11 años edad, ambos estudian. Sus sueños a nivel personal, son obtener su casa propia, ya que ahorró dinero suficiente para postular al subsidio habitacional.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo esperanza, ya que le permitirá invertir en su negocio.
Respecto al grupo, ella se siente muy cómoda, ya que son unidos y comprometidos.
Por su parte las capacitaciones le han servido para aprender nuevas estrategias de venta y 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.
Previous Loan DetailsThis Communal Bank is called “Nuevo Camino” (New Road) and consists of 17 entrepreneurs. They engage in different business activities such as managing a beauty parlor, making works of clay, selling clothes, making crafts out of wool, selling vegetables, selling undergarments, selling perfumes, s... More from Nuevo Camino 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