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Crece Group
In this Group: Paulina, Patricio, Marisol, Patricia, Magaly, Claudio, Marta, Claudia, Christian, Carolina, Marcia, Hortensia, María, Andrea, María Marta, Leticia, Angelina, Susana
This communal bank is called “Crece” [Grow]. It is made up of 18 entrepreneurs who work in different areas. Among them are artisanal crafts such as weaving, making organic jams, selling jewelry, selling lingerie and making clothes, among others. All of them live in the city of Chillán.

Paulina is a member of the communal bank. In the photo she is in the back row, fourth from the left. She is one of the tallest members of the group and her hair is black and loose. In the photo her face is turning to the left and she is smiling. Paulina has sold new clothing for 6 months. She buys her merchandise in the country of Peru and makes her purchases every two months. She does her job by selling door to door to people she knows and her schedule is flexible. With the loan and some savings she will pay for airfare to travel to Peru during April. One of her goals for her business is to do massive sales with an established locale. This way she can expand her business.

Paulina lives with her husband and one of her personal dreams is to own her own house. To do this, she will apply for a housing subsidy. She is very happy and grateful for the opportunity offered by Fondo Esperanza. This loan will allow her to keep investing in her business. In regards to the trainings given in the communal bank, she remarks that she has learned to distribute her income in a better way, which has helped her business. She also enjoys the meetings, since she shares with the other members who are very hardworking.

Chillán is a community in the south central area of Chile. Its name means "sun chair" in Mapudungun, the language of our Mapuches indigenous. Chillán is known as the "Cradle of the Nation", or "Land of Artists". The city has produced notable people in Chile's history, such as the well known pianist Claudio Arrau.
View original language description ↓
Este Banco comunal se llama “Crece” está conformado por 18 emprendedores, quienes se dedican a diferentes rubros entre los cuales se encuentran artesanía con telares, preparación de mermeladas orgánicas, venta de joyas, venta de lencería y confección de ropa, entre otros. Todos ellos pertenecientes a la ciudad de Chillán.
Paulina integrante del grupo del Banco comunal, quien en la foto se encuentra en la última fila, ocupando el cuarto lugar de izquierda a derecha. Ella es una de las integrantes más altas del grupo, además su cabello es de color negro, lo usa suelto. En la foto solo se aprecia su rostro inclinado hacia la izquierda y su sonrisa.
Paulina se dedica a la venta de ropa nueva, desde hace 6 meses.
Su mercadería la compra en el país de Perú y realiza sus compras una vez cada dos meses.
La dinámica de su trabajo, es vender puerta a puerta a sus conocidos, por tanto su horario es flexible.
Con el crédito, más unos ahorros comprará los pasajes en avión para viajar a Perú, durante el mes de Abril.
Una de las metas para su negocio es realizar sus ventas masivamente, a través de la instalación de un local establecido, de esta manera expandir su negocio.
Paulina vive junto a su marido, uno de sus sueños en el ámbito personal es obtener su casa propia, para esto postulará al subsidio habitacional.
Ella está muy contenta y agradecida de la oportunidad económica brindada por Fondo esperanza, ya que con éste crédito le permitirá invertir en su negocio.
Respecto a las capacitaciones impartidas en las reuniones del grupo del Banco comunal, comenta que ha aprendido a distribuir sus ingresos de mejor manera, lo cual le ha servido en su negocio.
Además disfruta de las reuniones, ya que comparte con las demás integrantes, quienes además son muy esforzadas.
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.

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
  • $2,552,775
    Funds lent in using Kiva
  • 481.8
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Crece Group's $3,000 loan helped a member to buy airfare to Peru during April, where she will buy her merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 29, 2012
Listed
Apr 23, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012