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Progresando Juntos Group
In this Group: Erna, Luciano, Jessica, Ernesto, Ernestina, Sandra, Daina, Mónica, Solange, Pamela, Pablo, Norma, Cristian, Gloria, Juana, Carmen
This Communal Bank is called "Progresando Juntos" (Progressing Together) and consists of 16 entrepreneurs who engage in different businesses such as selling lingerie, preparing fast food, preparing traditional Chilean food, managing a perfume shop and bazaar, and other ventures. All of the members are from the community of San Bernardo.


Erna is the president of this Communal Bank group. In the photograph, she is standing in the last row in the first position from left to right. She has her hair pulled back and is wearing a short-sleeved black shirt. Erna sells new clothing, but she also makes garments. She has been in this business for 12 years. Her merchandise is sold from a stand located in the central part of her community. There she works with her mother, who is in charge of handling direct sales. Her work schedule is from Monday to Saturday, all day. Once a week, Erna buys the merchandise she needs in bulk from distributors. Her loan will be used to buy winter clothing, especially track suits and athletic shoes. In addition, she will purchase fleece for making garments. One of her goals is to have an established shop.


Erna lives with her husband and two children, ages 24 and 18, who are in school. One of her dreams for her family is to see her children become professionals. She would also like to have a home of her own. Erna is very pleased and grateful for the financial opportunity provided by Fondo Esperanza to invest in her business. She also enjoys the Communal Bank meetings with her group because the members are close and responsible.


San Bernardo is a city that is located 18 kilometers due south from the Plaza de Armas in Santiago (the Chilean capital). It is known as the folklore capital since the International Folklore Festival is held there every January. This event highlights the various ethnic groups of the country and musical groups from all over South America gather there. Chilean artisans, as well as those from other countries nearby, also participate in the Traditional Craft Fair. In the month of April, an event called "Abril Cuecas Mil" celebrates the "cueca" (a traditional Chilean dance) throughout the entire community.

View original language description ↓
Este Banco comunal se llama “Progresando Juntos” está conformado por 16 emprendedores, quienes se dedican a diferentes rubros entre los cuales se encuentran venta de lencería, preparación de comida rápida, preparación de comidas típicas chilenas, perfumería y bazar, entre otros. Todos ellos pertenecientes a la comuna de San Bernardo.
Erna presidenta del grupo del Banco comunal, quien en la foto se encuentra en la última fila de pié, ocupando el primer lugar de izquierda a derecha. Ella usa su cabello tomado, además viste una polera manga corta, color negro.
Se dedica a vender ropa nueva y también confecciona ropa. Se desempeña en éste negocio desde hace 12 años.
Su mercadería la vende en un puesto que instala en el centro de su misma comuna. Ahí trabaja junto a su madre, quien se encarga de vender directamente sus productos. El horario de trabajo es de lunes a sábado durante todo el día.
Una vez a la semana se encarga de comprar la mercadería que necesita en distribuidoras al por mayor.
Con el crédito comprará ropa para la temporada de invierno, específicamente buzo y calzas deportivas, además de tela de polar para confeccionar ropa.
Una de sus metas, sería contar con un local establecido.
Erna vive junto a su esposo, sus dos hijos de 24 y 18 años edad, quienes estudian. Por lo que uno de sus sueños en el ámbito familiar es que sus hijos sean profesionales. Además obtener una vivienda propia.
Ella está muy contenta y agradecida de la oportunidad económica brindada por Fondo Esperanza, ya que le permitirá invertir en su negocio. Además disfruta de las reuniones del banco comunal junto al grupo, ya que son muy unidos y responsables.
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 Progresando Juntos Group's $3,100 loan helped a member to buy winter clothing and fleece for making garments.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 30, 2012
Listed
Apr 24, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012