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Esperanza De Punta Mira Group
In this Group: Sara, Raquel, Rosa, José, Teresa, Lucila, Sonia, Soledad, Bernardo, Gladys, Victoria, Cecilia, Natalia, Elena, Ingrid, Daniel, Olga, Pia, Cecilia
This communal bank called, "Esperanza de Punta Mira," [Hope of Punta Mira] is made up of 19 entrepreneurs, who are dedicated to different businesses. Among them are clothing, purse, athletic clothing, and perfume sales; a bakery; salad preparation; sewing; etc. All of them live in the city of Coquimbo.

Sara is the president of the communal bank. In the photo, she is in the front row, second from the right. She has on a long beige sweater, black pants, and a black purse. Her hair is gray and she is wearing glasses. She has made a living selling liquid gas for 9 years. She tells us that one of her motivations for starting her business was the need to generate income to pay for her daughter's higher education costs.

Her business is located on her property, and her son helps her deliver the gas. She tells us that she works full-time from Monday-Sunday. She has a fixed clientele, which she has kept since she started her business. She buys her gallons of gas directly from a branch of the gas brand with which she works. With this loan, she will buy a larger quantity of gallons of gas to invest in her business. In this way, she hopes to generate more income. One of her goals is to improve the infrastructure of her business as well as the exterior of her distributorship, since these repairs will let her attract a larger number of customers by taking advantage of the number of people who pass through the commercial area where her business is located.

Sara lives with her mother, for whom she cares, and her daughter, who is working towards her degree in public works. She is very happy and thankful for the opportunity offered by Fondo Esperanza. This credit will let her invest in her business with more capital. She also says that her communal bank is very united and committed. This makes her satisfied and happy.

Coquimbo is a port city and is located on the beach. It is the capital of the Elqui province, in the region of Coquimbo, Chile. The economy in the area is based primarily on mining since it has large magnesium, gold, silver, copper, iron, and lead deposits. Agriculture is also practiced thanks to the extensive farming in the Elqui, Limarí, and Choapa valleys. Vegetables and fruits that thrive in this climate are grown here.
View original language description ↓
Este Banco comunal se llama “Esperanza de Punta Mira” está conformado por 19 emprendedores, quienes se dedican a diferentes rubros, entre los cuales se encuentran venta de ropa usada, venta de bolsos, venta de ropa deportiva, perfumería, repostería, amasandería, preparación de ensaladas y costuras, entre otros. Todos ellos pertenecientes a la ciudad de Coquimbo.
Sara presidenta del grupo del Banco comunal, quien en la foto se encuentra en la primera fila, ocupando el segundo lugar de derecha a izquierda. Ella viste un chaleco largo color beige, sus pantalones son de color negro y también usa una cartera negra cruzada al pecho. Su cabello es color cano y además usa anteojos.
Ella se dedica a la distribución de gas licuado, desde hace 9 años. Comenta que una de las motivaciones de comenzar con el negocio, se debió a la necesidad de generar ingresos económicos para costear los estudios superiores de su hija.
Su distribuidora la instaló en el terreno de su casa y su hijo es quien la ayuda a repartir el gas.
Comenta que el horario de trabajo es de lunes a domingo, en horario completo.
Su clientela es fija, por tanto la conserva desde que comenzó el negocio.
Sus galones de gas los compra directamente en las sucursales de la marca de gas licuado por la cual trabaja.
Con el crédito comprará una mayor cantidad de galones de gas para invertir en su negocio y de ésta manera espera generar mayores ingresos.
Una de sus metas es mejorar la infraestructura de su negocio, al igual que la fachada de su distribuidora, ya que estos arreglos le permitirían captar una mayor cantidad de clientes. Aprovechando la concurrencia de gente en el sector comercial en el cual está ubicado su local.
Sara vive junto a su madre, quien está bajo su cuidado, además de su hija, quien se encuentra en proceso de titulación en la carrera de Obras Civiles.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo esperanza, ya que el crédito le permitirá invertir en su negocio con un mayor capital. Además comenta que el grupo del Banco comunal del cual forma parte es muy unido y comprometido. Situación que la mantiene conforme y contenta.
Coquimbo es una ciudad-puerto y por otro lado comuna-balneario, capital de la provincia de Elqui, IV Región de Coquimbo, Chile. La economía de la zona se basa principalmente en la minería ya que posee grandes yacimientos de magnesio, oro, plata, cobre, hierro y plomo. También hay agricultura que se desarrolla gracias al intensivo uso de los valles de Elqui, Limarí y Choapa con cultivos de hortalizas y frutas favorecidos por las condiciones del clima.

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

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 486.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza De Punta Mira Group's $7,000 loan helped a member to buy a larger quantity of gallons of gas to invest in her business so she can hopefully generate more income.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2012
Listed
Apr 22, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012