Orilla Del Itata Group
Update on Orilla Del Itata Group“Orilla del Itata” Communal Bank is made up of 17 entrepreneurs, who engage in different businesses, among them, grocery sales, the preparation and sale of empanadas, catalog sales of lingerie, the sale of used clothing and household items. All live in the city of Chillán.
Marcelina is president of the communal bank. She is shown in the last row of the photo on the end going from right to left. She has her hair drawn back. For reference, she is dressed in a black jacket, blue jeans and black shoes. You can see only a little of her attire.
She prepares and sells “tortillas de rescoldo.” (They are prepared with wheat flour, butter and salt and are cooked in the cinders of a fire that is normally made on fine sand in order to improve the cooking. Then they are dug out, the ashes cleaned off and usually the burnt edges removed and they are served in slices). She has been in business for 15 years and notes that she has regular customers as well as others who come and go, but come back frequently. She works from Monday to Sunday and prepares and cooks her tortillas in the mornings at her house and during the afternoons she sells them at a place about three blocks from her house. She buys her ingredients directly from suppliers at a wholesale supermarket.
Marcelina will use the loan to buy firewood to cook her tortillas during the winter season. One of her future goals is to install a shop where she can sell all kinds of groceries.
Marcelina lives with her husband and her 18 year-old-daughter who is studying to be an assistant pre-school teacher.
She is very happy and grateful for the opportunity provided by Fondo Esperanza since the loan will enable her to invest in her business during the winter season. In addition, she notes that she has learned principles of accounting that she has been able to incorporate in her business.
Chillán is a settlement in the south central part of Chile. The name means “Seat of the Sun” in Mapudungun, the language of the indigenous Mapuches. Chillán is known as the “Cradle of the Country” or “The Land of Artists” because the city has given birth to people prominent in Chile’s history, such as, for example, the well known pianist, Claudio Arrau.
Marcelina presidenta del grupo del Banco comunal, quien en la foto se encuentra en la última fila, ocupando el primer lugar de derecha a izquierda. Usa su cabello recogido y se peina hacia atrás. Como referencia viste un chaleco color negro, jeans azules y zapatos color negro, se logra ver un poco de su vestimenta.
Ella se dedica a preparar y vender tortillas de rescoldo (Se prepara con harina de trigo, manteca y sal y se cocina en el rescoldo de un fuego que normalmente se hace sobre arena fina, para mejorar la cocción. Luego de desenterrarla, se limpia las cenizas y comúnmente se retira algún borde quemado y se sirve en trozos). Marcelina se dedica a éste negocio desde hace 15 años, comenta que su clientela es fija y también tiene clientela rotativa, pero frecuente.
Trabaja de lunes a domingo, prepara y cocina sus tortillas durante las mañanas en su casa y durante las tardes se dedica a venderlas en un local que ubica a tres cuadras de su casa.
Sus ingredientes los compra en supermercados mayoristas y directamente a los proveedores.
Con el crédito comprará leña para la temporada de invierno, para cocinar sus preparaciones de tortillas.
Una de sus metas para el futuro es instalarse con un almacén donde pueda vender todo tipo de abarrotes.
Marcelina vive junto a su marido y su hija de 18 años, quien estudia la carrera de Asistente de párvulo.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo esperanza, ya que el crédito le permitirá invertir en su negocio, para la temporada de invierno. Además comenta que ha aprendido estrategias de contabilidad, las cuales ha podido incorporar en su negocio.
Chillán es una comuna de la zona centro sur de Chile. Su nombre significa “silla del sol” en mapudungun, idioma de nuestros indígenas mapuches. Chillán es conocida como “Cuna de la Patria” o “Tierra de Artistas”, debido a que en la ciudad han nacido destacados personajes de la historia de Chile, como por ejemplo el conocido pianista Claudio Arrau.
Previous Loan DetailsThis communal bank is called “Orilla del Itata” (Shore of the Itata) and it has 17 members who are involved in a variety of lines of work among which are: fast food making, wood and clay crafts, tortilla making, used and new clothes sales in a free market and pastry making. All of them are fro... More from Orilla Del Itata Group's previous loan »
About Fondo EsperanzaFondo 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.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
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.
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Success!! The loan was 100% repaid