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El Renacer Group
In this Group: Erica, Ingrid, Berta, Carol, Aurelia, Lucila, Evelyn, María, Jessica, José, Rosario, Angelica, Sussy, Myriam, Jacqueline, Edelmira, Elba
The community bank, “El Renacer” is made up of 17 entrepreneurs dedicated to various disciplines, including: vegetable sales, grocery sales, cheese sales, baking, sewing and garment making, fast food preparation, and other tasks. All the bank partners are from the community of San Bernardo, which is located in the city of Santiago.

Erica is the president of the group, and is the first person seated in the second row on the far left of the group photo. She has long, black hair tied to the side, and is dressed in black clothing. Erica has worked making clothing for 11 years, and she work on minor seams, repairs and hems, and also makes linens. She works on a flexible schedule, since her tasks vary depending upon customer orders. She spreads news of her business by word of mouth, and she also has a sign that she puts up in the door to her home.

Presently, Erica has two sewing machines to utilize for her business; one is a multipoint machine, and the other is a straight semi-industrial machine. She purchases her input materials directly from distributors, and with the support from this loan she plans to buy an overlock sewing machine. One of her goals for her business is to build a sewing shop onto the side of her house, and therefore she hopes to invest in building and construction materials.

Erica lives with her husband, mother, and her two children, ages 6 and 11. One of her personal dreams is to complete a cutting and preparation course to hone her skills as a seamstress and offer higher quality service to her clients.

Erica is very grateful for the opportunity Fondo Esperanza has given her, and with the support from this loan she will be able to invest in her business and continue developing her skills as she works toward her goals.

With respect to her community bank group, Erica says that they are a tight knit, committed and participatory group, with all members actively involved in meetings and the events.

The city of San Bernardo is located 18 kilometers directly to the south of the central Plaza de Armas of Santiago, the capital of Chile. Santiago is known as the capital of folklore dancing, and every January the International Folklore Festival is held there. This event unites all the ethnic groups in the country, and other musical groups from all over South America travel to join in the festivities. The Traditional Artisan Fair is also held in Santiago, and showcases the crafts and talents of artists from Chile and many other neighboring countries. In April, the “Abril cuecas Mil” dance event takes place to celebrate the traditional Chilean dance, cueca.
View original language description ↓
Este Banco comunal se llama “El Renacer” está conformado por 17 emprendedores, quienes se dedican a diferentes rubros, entre los cuales se encuentran venta de abarrotes, venta de verduras, venta de quesos, amasandería, confección de ropa y preparación de comida rápida, entre otros. Todos ellos pertenecientes a la comuna de San Bernardo, ubicada en la ciudad de Santiago.
Erica presidenta del grupo del Banco comunal, quien en la foto se encuentra sentada en la segunda fila, ocupando el primer puesto de izquierda a derecha. Su cabello es largo, de color negro y está modelado hacia el lado. Además viste con ropa de color negro.
Ella se dedica a la confección de ropa, desde hace 11 años. Realiza costuras básicas como arreglos y confeccionando ropa de casa. Su horario es flexible, ya que varía de acuerdo a los pedidos que realicen sus clientes. Promociona sus servicios de boca en boca y también con un letrero que tiene puesto en la puerta exterior de su casa.
Actualmente cuenta con dos máquinas de coser, entre multipunto digital y una máquina semi industrial recta.
Compra sus insumos directamente a los proveedores de materiales de costuras.
Con el crédito comprará una máquina de coser overlock.
Una de sus metas para su negocio, es instalar su taller de confección al lado de su casa, para esto debe invertir en infraestructura y compra de materiales de construcción.
Erica vive junto a su marido, sus dos hijos de 11 y 6 años de edad, además de su madre. Uno de sus sueños a nivel personal es realizar un curso de corte y confección, para perfeccionarse con su oficio, de esta manera entregar un mejor servicio a sus clientes.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo esperanza, ya que el crédito le permitirá invertir en su negocio y proyectarse, además de la posibilidad de concretar sus metas.
Respecto al grupo del banco comunal del cual forma parte, comenta que entre los integrantes son muy unidos, comprometidos y consolidados, lo cual la motiva a seguir participando de las reuniones del Banco comunal.
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
  • $2,637,700
    Funds lent in using Kiva
  • 488.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Renacer Group's $6,200 loan helped a member to purchase an overlock sewing machine.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 13, 2012
Listed
Apr 24, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2012