Norte Grande Group
In the photo, Rosa, communal bank secretary, is in the second row, first from left to right, wearing a black jacket; her hair is short.
She’s a merchant who specifically sells juice and candy in general. She’s been in this line of work for four years and she works every day in a street market. The merchandise and ingredients she uses she buys at a fruit and vegetable wholesale market.
She will use the loan to buy fruit to stock her business. Her business goal is to be able to grow to generate more income thus obtaining better quality of life.
Rosa lives with her mother and a sister. Her dream is to be able to have a business of her own.
She is very happy and grateful for the opportunity Fondo Esperanza is giving her to invest in her business. She also feels very comfortable in the group she participates in because they are united; there is respect and trust.
Renca is a commune located in the northwest of the Santiago (Capital of Chile) metropolitan region. It’s a commune with strong community action among which the community television station, Renca TV, stands out that was created to promote the commune’s cultural and artistic activities.
Rosa, secretaria del grupo del Banco Comunal, quien en la foto se encuentra en la segunda fila de pie ocupando el primer lugar de izquierda a derecha, viste chaqueta negra, su cabello lo usa corto.
Ella se dedica al rubro del comercio específicamente a la venta de jugos, y también dulces en general, se ocupa de este negocio desde hace 4 años, trabaja todos los días en la feria.
La mercadería e ingredientes que va utilizando los compra en un centro de abastecimiento de frutas y verduras.
Con el crédito comprará frutas para abastecer su negocio. Las metas en su negocio son poder crecer, para generar mayores ingresos, así con esto poder optar a una mejor calidad de vida.
Rosa vive con su madre y una hermana. Sus sueños son poder tener un negocio propio.
Ella está muy contenta y agradecida de la oportunidad que le ha brindado Fondo Esperanza para invertir en su negocio. Además se siente muy cómoda con el grupo que participa, ya que son unidos, existe respeto y confianza.
Renca es una comuna ubicada en el sector norponiente del Santiago (capital de Chile), región metropolitana. Es una comuna con un fuerte trabajo comunitario, entre lo que se destaca el canal de televisión comunitario “Renca TV”, creado con el fin de promover las actividades culturales y artísticas de la comuna.
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.
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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