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Las Calladitas Del Olivo Group
In this Group: Lorena, Lucy, Jacqueline, Sandra, Lilian, Rosa, Lucerina, Margarita, Mirella, Carlos, Claudia, Gloria, Silvia, Claudia, Javiera, Solange, Sylvia
This communal bank is called "Las Calladitas del Olivo" ("The silent young women of the olive tree") and is made of 17 entrepreneurs, who have different activities, making artisanal jewellery or selling new and second-hand clothes among others. All of them live in the town of San Bernardo. Lorena is the president of this communal bank: in the picture, she is on the second row from the top, fourth person from the right, with short blond hair, wearing a white shirt and with her arm around one of the other women. She has been selling Hindu-like clothing as well as handbags for 5 years. She has a permit that allows her to sell products from a stand she sets up at an artisans' fair. She works all day every day, including week-ends and bank holidays. Her customer base is loyal and has been with her since she started her business. She buys her merchandise from several suppliers, depending on which offers the best prices. With this loan, she will buy merchandise to supply her stand. Lorena lives with her three children, aged 29, 27, and 20, who work and study. One of her personal dreams is to renovate her house and offer her grandchildren a better quality of life, particularly when it comes to education. She is very happy and thankful for the opportunity afforded her by Fondo Esperanza, since its support has been crucial for her business. She says that the communal bank group of which she is a member is very tightly knit. Thanks to the information imparted during meetings, she was able to learn new accounting and investing strategies for her business. San Bernardo is a town located 18 km to the south of Santiago's (the capital of Chile) main square in a straight line. It is known as the capital of folklore, since every year in January it hosts the International Folklore Festival, an event which showcases the country's roots and attracts musical ensembles from all over South America. The Traditional Artisans' Fair, also in January, draws Chilean and neighbouring countries' artisans to the town. In April, the town hosts the "Abril cuecas Mil" ("A thousand cuecas in April") festival, during which all the locals dance cuecas (a traditional Chilean dance).
View original language description ↓
Este Banco comunal se llama “Las Calladitas del Olivo” está conformado por 17 emprendedores, quienes se dedican a diferentes rubros, entre los cuales se encuentran la artesanía en bisutería, venta de ropa nueva y usada, entre otros. Todos ellos pertenecientes a la comuna de San Bernardo.
Lorena presidenta del grupo del Banco comunal, quien en la foto se encuentra en la tercera fila, ocupando el tercer lugar de derecha a izquierda. Su cabello es corto y rubio. Además viste con una polera color blanco y abraza a otra de las integrantes.
Ella se dedica a vender ropa estilo hindú, además de carteras. Se desempeña en este rubro desde hace 5 años.
Cuenta con un permiso, que le permite vender sus productos en un puesto que ubica en una feria artesanal. Trabaja los fines de semana y festivos, durante todo el día.
Su clientela es fija y la conserva desde que comenzó su negocio.
Su mercadería la compra en diferentes distribuidoras, en las cuales encuentre los precios más convenientes.
Con el crédito comprará mercadería para abastecer su negocio.
Lorena vive junto a sus tres hijos de 29, 27 y 20 años de edad. Quienes trabajan y estudian. Uno de sus sueños en el ámbito personal es remodelar su casa y brindarles a sus nietos una mejor calidad de vida, específicamente una buena calidad en su educación.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo Esperanza, ya que el apoyo ha sido significativo para su negocio. Comenta que el grupo del banco comunal del cual forma parte está muy afiatado. Respecto de las capacitaciones impartidas en las reuniones ha aprendido nuevas estrategias de contabilidad e inversión para su negocio.
San Bernardo es una ciudad, ubicada a 18 km. en línea recta hacia el sur desde la plaza de armas de Santiago (capital de Chile). Es conocida como la capital del folklore, debido a que cada año, en enero, se realiza el "Festival Internacional del Folklore", un evento en el que las raíces del país se dan cita y se reúnen agrupaciones musicales de toda Sudamérica. También se desarrolla la "Feria de Artesanía Tradicional", en la que participan tanto artesanos chilenos como de otros países cercanos. Luego en abril se realiza el evento “Abril cuecas Mil” que consiste en hacer bailar cueca (baile tradicional chileno) a toda la comuna.


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 Las Calladitas Del Olivo Group's $5,000 loan helped a member to buy merchandise to supply her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 28, 2012
Listed
Apr 23, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012