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Newen Domo Group
In this Group: Paola, Paula, Sandra, Carmen, Yasmin, Herminia, Patricia, Hernan, Sandra, Fabiola, Luisa, María, Alexis, Andrea, Laura, Maribel, María, Lisbety, Juana
This communal bank is called “Newen Domo” and is comprised of 19 entrepreneurs who are engaged in different fields, including carpentry and baking, among others. All of the members are from the city of Temuco.

Paola, the president of the bank, appears in the third row of the photo, in the second place from right to left. Her hair is brown and is worn up. She is wearing a brown vest and is one of the tallest members of the group. She works in pastries, and also artisanal woodwork. She has worked both jobs for two years. In the first job, she prepares kuchen, cakes and pastries. In the second trade of making handicrafts, she makes decorative trays, boxes, jewelry boxes, and wooden clothes hangers. She buys her ingredients and materials from different distributors and major supermarkets, depending on the price of the products. She also takes care to quote, so that it is economically efficient. She makes her dynamic sales by promoting her products by word of mouth in her inner circle of friends, acquaintances, neighbors and family. She says her busiest season is during summer, when she is able to produce a bigger quantity of products to sell. Her work schedule is Monday through Saturday mornings, which allows her to take care of her children. With the loan she will buy supplies for her woodworking business. One of her business goals is to establish a fixed location in a crafts fair. Paola lives with her husband and three children, ages 9, 5 and 1 years, as well as with her grandmother. One of her dreams is to establish a family business, since her husband is a carpenter, and be able to fuse and compliment each others’ woodwork. All of this is to improve the quality of life for her family. She is very grateful for the help from Fondo Esperanza, since the loan will allow her to invest in her business and reach her proposed goals. She says she feels very comfortable in her communal bank who have taught her to invest and better distribute her earnings.

Temuco is the capital of the Araucanía region. The city is located 670 kilometers south of Santiago, the capital of Chile. The surrounding area contains a number of lake resorts (Pucón, Villarrica) and very striking flora and fauna concentrated in nearby natural parks. Note that this region is inhabited by 50% of the Mapuche indigenous population of the country.
View original language description ↓
Este Banco comunal se llama “Newen Domo” está conformado por 19 emprendedores, quienes se dedican a diferentes rubros, entre los cuales se encuentran carpintería, repostería y amasandería, entre otros. Todos ellos pertenecientes a la ciudad de Temuco.
Paola presidenta del Banco comunal, quien en la foto se encuentra en la tercera fila, ocupando el segundo lugar de derecha a izquierda. Su cabello es de color castaño y lo usa tomado. Viste un chaleco color café y es una de las integrantes más altas del grupo.
Ella se dedica al rubro de la repostería y también a la artesanía en madera. Se desempeña en estos oficios desde hace dos años. En el primero de estos prepara kuchen, tortas y pasteles. Mientras que en el segundo oficio de la artesanía fabrica y decora bandejas, cuadros, joyeros y perchas de ropa en madera.
Sus ingredientes y materiales, los compra en diferentes distribuidoras y supermercados mayoristas, dependiendo el precio de los productos, ya que Paola también se encarga de cotizar, para que le sea más conveniente económicamente.
Su dinámica de venta, la realiza a través de la promoción de sus productos de boca en boca a su entorno más cercano, entre amigos, conocidos, vecinos y familiares. Comenta que la temporada de más alta demanda es durante el verano, por lo que aprovecha de producir una mayor cantidad de productos para venderlos.
Su jornada de trabajo es de lunes a sábado durante las mañanas, horario que le facilita el cuidado de sus hijos.
Con el crédito comprará insumos para su negocio de artsanía en madera.
Una de las metas para su negocio, es establecerse con un local establecido en alguna feria artesanal.
Paola vive junto a su marido, sus tres hijos de 9, 5 y 1 años de edad, además de su abuela. Uno de sus sueños es instalarse con un negocio familiar, ya que su marido se dedica a la carpintería, de ésta manera podrían fusionar y complementar sus oficios para el negocio de la artesanía en madera. Todo esto para mejorar su calidad de vida y el de su familia.
Ella está muy agradecida de la ayuda brindada por Fondo esperanza, ya que el crédito le permitirá invertir en su negocio y alcanzar sus objetivos propuestos.
Comenta que se siente muy cómoda con el grupo del banco comunal del cual forma parte y dentro de las capacitaciones la han orientado a invertir y distribuir de mejor manera sus ingresos.
Temuco es la capital de la región de la Araucanía. La ciudad se ubica a 670 kilómetros al sur de Santiago (capital de Chile). En sus alrededores se ubican una serie de balnearios lacustres (Pucón, Villarrica) y una flora y fauna nativa muy llamativas, concentrada en parques naturales cercanos. Cabe destacar que en esta región habita el 50% de los mapuches, pueblo indígena, existente en nuestro país.

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
  • 488.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Newen Domo Group's $4,050 loan helped a member buy supplies for her artisanal woodwork business.
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