Check out some available loans that are similar to this one!
El Esfuerzo Group
In this Group: Janet, Patricia, Anselmo, Ismael, Jessica, Rosa, Jorge, María Graciela, María, Paulina, Alejandra, Rita, Clara, Johanna, Karen
The Communal Bank “El Esfuerzo” is made up of 15 entrepreneurs, who have different lines of work, like clothing sales, vegetable sales, tailoring, butcher, snack sales and fast food sales, among others. They all belong to the community of Espejo in the city of Santiago.
Janet is the president of the group at the Communal Bank. In the photo, she is in the last row, in the 2nd place from right to left. She’s wearing a t-shirt with a print on it and she’s wearing her hair up, which is black.
She works in retail. Specifically, she’s been running a store where she sells groceries, drinks and candy for 3 years now.
She works a long day, from 8am to 2am. She tells us that it is going very well since she has a fixed clientele and no competition.
She usually buys her goods from distributors and in La Vega (farmed goods and groceries sold every day to big restaurants and small businesses alike).
With this loan she’ll buy products to stock her business.
Her goals are to expand her business because right now the business is taking up a room in her house and to buy new appliances. She wants to buy a freezer.
Janet lives with her husband, her 28-year-old daughter and her 1-year-old grandson. One of her personal dreams is to prosper in her business so she can offer her family a better quality of life.
She is very happy and grateful for the opportunity given to her by Fondo Esperanza because she can invest in her business. She tells us that her group is very united and committed, which makes her feel comfortable.
The training she has received has allowed her to better organize her business.
Lo Espejo is a community located in the western part of the metropolitan region (where Santiago, the capital of Chile, is). This is one of the most densely populated regions of the country. Population growth commenced when people from other parts of the country came to look for better opportunities in the 60s and 70s, giving rise to important areas like Jose Maria Caro, Santa Adriana, Lo Valledor.
View original language description ↓
Este Banco comunal se llama “El Esfuerzo” está conformado por 15 emprendedores, quienes se dedican rubros, entre los cuales se encuentran venta de ropa, venta de verduras, confección de ropa, carnicería, venta de colaciones y preparación de comida rápida, entre otros. Todos ellos pertenecientes a la comuna de Lo Espejo, ciudad de Santiago.
Janet presidenta del grupo del Banco comunal, quien en la foto se encuentra en la última fila, ocupando el segundo lugar de derecha a izquierda. Viste con una polera estampada y su cabello se encuentra recogido, el cual es de color negro.
Ella se dedica al rubro del comercio, específicamente atiende un local en el cual vende abarrotes, bebidas y confites, desde hace tres años.
Trabaja durante todo el día, en horario continuado desde las 8ºº de la mañana hasta las 2ºº de la madrugada. Comenta que le va muy bien, ya que no tiene competencia y su clientela es fija.
Su mercadería la compra usualmente en distribuidoras y en La Vega (comercio de productos del campo y abarrotes que surten diariamente tanto a los amplios comedores de restaurantes, como pequeños negocios).
Con el crédito comprará productos para abastecer su negocio.
Sus metas son ampliar su negocio, ya que por ahora está ocupando una habitación de su casa y otra es habilitarlo con nueva maquinaria, ya que quiere comprar una congeladora.
Janet vive junto a su marido, su hija de 28 años y su nieto de 1 año de edad. Uno de sus sueños a nivel personal es prosperar en su negocio, para brindarle a su familia una mejor calidad de vida.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo esperanza, ya que ésta ayuda le permitirá invertir en su negocio. Comenta que el grupo del cual forma parte es muy unido y comprometido, lo cual le permite sentirse cómoda.
Las capacitaciones por su parte le han permitido organizar de mejor manera su negocio.
Lo Espejo es una comuna ubicada en el sector sur poniente de la región metropolitana (donde está Santiago, capital de Chile). Cabe destacar que es una de las comunas con más densidad poblacional del país. El crecimiento de su población comenzó con la llegada de inmigrantes provenientes de otras regiones del país en busca de mejores horizontes, en los años ´60 y ´70, dando origen a importantes poblaciones que aún se mantienen, tales como José María Caro, Santa Adriana, Lo Valledor.

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
  • $2,587,775
    Funds lent in using Kiva
  • 487.8
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Esfuerzo Group's $3,425 loan helped a member buy products to stock her store.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 15, 2012
Listed
Mar 29, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2012