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Fe De Los Porteños Group
In this Group: Silvia, Patricia, Cecilia, Consuelo, Carmen, María, Elba, Denisse, Adolfo, Noemi, Haydee, Víctor, Inés, Fernando, Margarita, Mónica, Karla, Nancy
This communal bank is called “Fe de los Porteños” and it has 18 entrepreneurs who are in a variety of lines of work among which we find general merchandise sales, mobile phone accessories sales, herb and crafts sales, among others. All are from the city of Valparaíso.

Silvia is a member of this communal bank. In the photo she’s in the last row second from left to right. Her hair is gathered and she’s smiling.

She sells cosmetics via catalogue and also knitted items that she herself crochets (the art of creating woven items by pulling one or several threads with a hook-shaped needle). She’s been doing both these activities for 25 years.

She sells door to door and comments that she has a well-established clientele so her schedules are more flexible because she knows her customers’ schedules.

She buys her supplies in specialized yarn stores and she buys the cosmetics directly from the catalogue suppliers. She will use the loan to buy yarn, thread and perfume.

One of her business goals is to continue growing.

Silvia lives with her husband and one of her dreams on the personal level is to travel with her husband to the south of the country.

She is very happy and grateful for the opportunity provided by Fondo Esperanza because the loan will help her invest in her business to renew her merchandise and to do her knitting.

She also feels motivated with the group and the training provided at communal bank meetings because she’s learned from them.

Valparaíso is located 120 kilometers northeast of Santiago. It’s the regional capital and also the seat of the country’s legislative branch of government. It’s the nation’s main port and it has a variety of beautiful and picturesque places like the house of the poet, Pablo Neruda, Nobel Prize winner.
View original language description ↓
Este Banco comunal se llama “Fe de los Porteños” está conformado por 18 emprendedores, quienes se dedican a diferentes rubros entre los cuales se encuentran venta de artículos de bazar, venta de accesorios para celulares, venta de yerbas y artesanía, entre otros. Todos ellos pertenecientes a la ciudad de Valparaíso.
Silvia integrante del grupo del banco comunal, quien en la foto se encuentra en la última fila, ocupando el segundo lugar de izquierda a derecha. Usa su cabello recogido y sonríe.
Ella se dedica a vender cosméticos por catalogo, además de tejidos que ella misma realiza a crochet (labor de ganchillo es el arte de crear mediante el entrelazado repetido de una o varias fibras con una aguja con forma de garfio). Estos dos oficios desde hace 25 años.
Su dinámica de venta es puerta a puerta, comenta que su clientela ya es fija, por lo tanto sus horarios también son más flexibles debido a que conoce los tiempos de su clientela.
Sus insumos los compra en centros de venta especializados en lanas y los cosméticos los compra directamente al proveedor del catalogo.
Con el crédito comprará lanas, hilos y perfumes.
Una de las metas para su negocio es seguir creciendo.
Silvia vive junto a su esposo y uno de sus sueños en el ámbito personal es viajar al sur del país, junto a su marido.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo esperanza, ya que el crédito le permitirá invertir en su negocio para renovar su mercadería y creaciones en su tejido.
Además se siente motivada con el grupo y las capacitaciones impartidas en las reuniones del banco comunal, ya que ha aprendido de estas últimas.
Valparaíso está situado a 120 kilómetros al noroeste de Santiago. Es la capital regional y además sede del poder legislativo del país. Es el primer puerto de la nación y ofrece gran variedad de lugares hermosos y pintorescos, como por ejemplo la casa del poeta Pablo Neruda, ganador del Premio Nobel.

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

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 487.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Fe De Los Porteños Group's $5,700 loan helped a member to buy yarn, thread and perfume.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 4, 2012
Listed
Apr 28, 2012
Currency Exchange Loss:
Possible
Ended:
Aug 15, 2012