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Plaza Gabriel Group
In this Group: Jenny, Claudia, Miriam, María, Cecilia, Silvana, Vilma, Berta, Luis Alberto, Erika, Katty, Carmen, Emilia, Vilma, María, Karina, Angela
This communal bank is called “Plaza Gabriel” and it has 17 members who are in a variety of lines of work among which we have ceramic, wool and leather crafts, fast-food making, among others. They are all from the city of Coquimbo.

Jenny is a member of the communal bank and in the photo is in the second row, second from left to right. She’s wearing a gray jacket and her hair which is black is gathered and her sunglasses are on top of her head.

She has been working in costume jewelry for seven years (work that produces objects or decorative items that imitate jewelry but aren’t made with precious metals)

She makes hoops, necklaces and bracelets with stones to sell in a stand she rents in a crafts fair. She works there Monday to Sunday from 11 in the morning until 8 at night. The supplies she needs to produce she buys wholesale in commercial sites located in various parts of the city of Santiago. She promotes her crafts by word of mouth and has acquired a larger clientele this way who rotate.

She will use the loan to buy supplies to work making costume jewelry. One of her business goals is to expand it into other cities in Chile since her items are one-of-a-kind and made to order for customers. She currently already has customers in the city of Osorno and also internationally like in the United States. Another one of her dreams is to set up in a fixed locale.

She lives with her three children who are 17, 12 and 8 years old; they are students attending traditional schools. She’s very happy and grateful for the economic opportunity Fondo Esperanza is giving her because it will allow her to invest in her business.

She also comments that she feels very comfortable sharing at the meetings and training sessions with the group she’s part of because they are committed and united.

Coquimbo is a port city and also a resort commune; it’s the capital of Elqui Province, Coquimbo Region IV, Chile. The area’s economy is based mainly on mining since it has large deposits of magnesium, gold, silver, copper, iron and lead. There is also agriculture that develops thanks to intensive use of the Elqui, Limarí and Choapa valleys to grow greens and fruit thanks to the favorable weather conditions.
View original language description ↓
Este Banco comunal se llama “Plaza Gabriel” está conformado por 17 emprendedores, quienes se dedican a diferentes rubros, entre los cuales se encuentran artesanía en cerámica, lana, cuero y preparación de comida rápida, entre otros. Todos ellos pertenecientes a la ciudad de Coquimbo.
Jenny integrante del grupo del Banco comunal, quien en la foto se encuentra en la segunda fila, al medio ocupando el segundo lugar de izquierda a derecha. Viste una chaqueta color gris, su cabello está tomado, el cual es de color negro y sus lentes de sol los tiene sobre su cabeza.
Ella se dedica al rubro de la bisutería desde hace 7 años, (Trabajo que produce objetos o materiales de adorno que imitan a la joyería pero que están hechos de materiales no preciosos).
Realiza aros, collares y pulseras en piedra, para venderlos en un puesto que arrienda en una feria artesanal. Ahí trabaja de lunes a domingo de 11º de la mañana a 8ºº de la tarde.
Los materiales que necesita para producir los compra al por mayor en locales comerciales, ubicados en algunos sectores de la ciudad de Santiago.
Su artesanía la promociona de boca en boca, de esta manera ha ido captando una mayor cantidad de clientes, quienes van rotando.
Con el crédito comprará materiales para trabajar en sus productos de bisutería.
Una de las metas para su negocio es expandirlo a otras ciudades de Chile, ya que sus producciones son exclusivas y también de acuerdo a los pedidos que realicen sus clientes. Actualmente ya cuenta con clientes en la ciudad de Osorno y también a nivel internacional como Estados Unidos. Otro de sus sueños es instalarse con un local establecido.
Jenny vive junto a sus tres hijos de 17, 12 y 8 años de edad, ellos estudian y asisten a colegios tradicionales.
Ella está muy contenta y agradecida de la oportunidad económico que le ha brindado Fondo esperanza, ya que le permitirá invertir en su negocio. Comenta además que se siente muy cómoda al compartir las reuniones y capacitaciones con el grupo del cual forma parte, ya que son comprometidos y unidos.
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

  • $14,900
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,587,775
    Funds lent in using Kiva
  • 486.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Plaza Gabriel Group's $5,525 loan helped a member to buy jewelry making supplies.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 9, 2012
Listed
Apr 22, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012