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Sonrisas Frente Al Mar Group
In this Group: Raquel, Juan, Carolina, Germán, Cristian, Jorge, Marjorie, Margarita, Raquel, Jacqueline, Verónica, Catherin, Fabiola, Julia, Leslie, Priscilla, Gilda, María Cristina
This communal bank is called “Sonrisas Frente al Mar” (Smiles Facing the Sea) and is made up of 18 entrepreneurs who have different businesses such as crafts, preparation of desserts, grocery sales, etc. All of the members are from the city of Valparaíso.

Raquel is the delegate of this lending group. In the photo she is in the second row, seated in the second chair from the left. She has black hair with bangs, and she is smiling. Raquel creates crafts, specifically figures and adornments in "soft". The materials she uses are white panty hose stuffed with synthetic cotton. She has been doing this for 3 years. A neighbor taught her this craft.

Her mode of work is to make 25 soft figures daily, which she sells wholesale to a distributor who does all of the details and then sells them. She works 7 days a week with a flexible schedule. She says the seasons of highest demand are around Valentine's Day celebrations, Mother's Day, Independence celebrations, and Christmas. She tells us that she sells the same quantity of products during the whole year, but during the high seasons sales grow. She purchases the materials she needs from different distributors at shopping centers that sell supplies wholesale. She will use the loan to purchase the materials she needs to make her handicrafts. One of her goals for her business is to set up her own shop.

Raquel lives with her husband and her three children, ages 13, 11, and 9. She is also two months pregnant, and very happy. One of her dreams for her personal life is to purchase a car for transportation and to pay for college for her children so they can be professionals.

She is very happy and thankful for the economic opportunity provided by Fondo Esperanza, as it allows her to invest in the materials for her business. She also enjoys the meetings and training provided, which have allowed her to socialize with the rest of the members of the group.

Valparaíso is located 120 kilometers northeast of Santiago. It is the regional capital and the seat of the National Congress. It is the principal port in the country and has a great variety of beautiful and picturesque places, such as the house of Pablo Neruda, the Nobel Prize winning poet.
View original language description ↓
Este Banco comunal se llama “Sonrisas Frente al Mar” está conformado por 18 emprendedores, quienes se dedican a diferentes rubros, entre los cuales se encuentran artesanía, preparación de productos de repostería, venta de abarrotes, entre otros. Todos ellos pertenecientes a la ciudad de Valparaíso.
Raquel delegada del grupo del Banco comunal, quien en la foto se encuentra en la segunda fila, sentada en la segunda silla de izquierda a derecha, su cabello es de color negro, usa flequillo y además está sonriendo.
Ella se dedica al rubro de la artesanía, específicamente a la realización de figuras y adornos en soft (para los materiales que se utilizan son panty media de color blanco, relleno con algodón sintético). Se desempeña a estas labores desde hace tres años. Comenta que una vecina le enseño el oficio.
Su dinámica de trabajo es producir 25 figuritas de soft diarias, las cuales vende al por mayor a una distribuidora, la cual se encarga de realizar los detalles, para posteriormente venderlos.
Trabaja de lunes a domingo en horario flexible. Comenta que las temporadas de más alta demanda son durante las celebraciones del día de los enamorados, día de la madre, fiestas patrias y navidad. Hace hincapié que durante todo el año vende la misma cantidad de productos, solo que las temporadas altas las ventas se acrecientan.
Los materiales que necesita, los compra en diferentes distribuidoras de centros comerciales, las cuales venden insumos al por mayor.
Con el crédito comprará materiales para realizar sus figuras de artesanía en soft.
Una de las metas para su negocio, es instalarse con un local establecido.
Raquel vive junto a su marido y sus tres hijos e 13, 11 y 9 años de edad, además comenta que tiene dos meses de embarazo, situación que la tiene muy contenta. Uno de sus sueños a nivel personal es comprarse un vehículo para trasladarse y costear los estudios superiores de sus hijos para que sean profesionales.
Ella está muy contenta y agradecida de la oportunidad económica brindada por Fondo esperanza, ya que le permitirá invertir en los insumos para su negocio. Además comenta que disfruta mucho de las reuniones y capacitaciones impartidas. Lo cual le ha permitido sociabilizar con las demás integrantes del grupo.
Valparaíso está situado a 120 kilómetros al noroeste de Santiago. Es la capital regional y además sede del poder legislativo del país. Es el primer puerto de la nación y ofrece gran variedad de lugares hermosos y pintorescos, como por ejemplo la casa del poeta Pablo Neruda, ganador del Premio Nobel.

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
  • 481.8
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Sonrisas Frente Al Mar Group's $2,625 loan helped a member to purchase materials to create crafts.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2012
Listed
Apr 22, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012