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Las Pioneras Group
In this Group: Belinda, Marianela, Nancy, Gabriela, Ana, Graciela, Helia, Claudio, Teresa, Nelson, Gloria, Mirna, Monica, Carmen, Catherine, Sonia
This communal bank called Las Pioneras ("The Pioneers") is formed by 16 entrepreneurs who work in commerce, specifically in the sale of bread and empanadas, groceries, candy, fruits and vegetables, and services, among others. They all live in the neighborhood of La Florida, located in the city of Santiago.

Belinda is a member of the communal bank and can be found standing second from the left in the second row of the photo, dressed in blue pants, lilac vest, with her hair up and using glasses. She works in the area of textiles. She has done this work for the last five years. She works alone out of her house and also gives weaving classes on Tuesdays and Thursdays.

She buys the materials she needs for her weavings from wool distributors. With this loan she will buy merchandise to supply her business. The goals of her business are to continue teaching weaving and to enlarge her business.

Belinda lives together with her husband and her son and one of her dreams is to be able to offer services to large stores in the city of Santiago.

Belinda is very happy and thankful for the loan and services offered by Fondo Esperanza. In addition, she says that she feels very comfortable with the group and the meetings of the communal bank, since they are unified and generous.

La Florida is a community located in the southeast of Santiago, in the metropolitan area of the capital of Chile. Its population is very diverse, representing all the socioeconomic sectors (upper, upper-middle, middle, and lower-middle). The area has an active commercial life, which can be seen in the existence of various new commercial centers. It is a sector that has had explosive demographic growth in recent years.
View original language description ↓
Este Banco Comunal se llama “Las Pioneras“ está conformado por 16 emprendedores que se dedican al rubro del comercio, específicamente; venta de pan amasado y empanadas, almacén, venta de confites, venta de frutas y verduras, servicios entre otros. Todos ellos pertenecientes a la comuna de La Florida ubicada en la ciudad de Santiago.
Belinda, integrante del Banco Comunal, quien en la foto se encuentra de pie en segunda fila ocupando el segundo lugar de izquierda a derecha, viste un pantalón azul, chaleco color lila, su cabello lo usa tomado, y usa lentes.
Ella se dedica al rubro de tejidos, se ocupa de este negocio desde hace 5 años, trabaja sola desde su casa y además hace clase de tejidos los días martes y jueves.
Los materiales que va necesitando para sus tejidos los compra en distribuidoras de lanas. Con el crédito comprará mercadería para abastecer su negocio.
Las metas en su negocio son seguir enseñando a tejer y agrandar su negocio.
Belinda vive junto a su marido y su hijo y uno de sus sueños es poder prestar servicios a grandes tiendas de la ciudad de Santiago.
Belinda está muy contenta y agradecida del crédito y servicios otorgados por Fondo Esperanza. Además comenta que se siente muy cómoda con las reuniones y grupo del Banco Comunal, ya que existe generosidad y unidad.
La Florida es una comuna ubicada al suroriente de Santiago, capital de Chile, región Metropolitana. Su población actual es muy diversa, representando a todos los sectores socioeconómicos (alto, medio alto, medio y medio bajo). La zona cuenta con una activa vida comercial, la que se manifiesta en la existencia de varios nuevos centros comerciales. Es un sector que ha tenido un explosivo crecimiento demográfico en los últimos años.

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
  • $2,552,775
    Funds lent in using Kiva
  • 505.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Pioneras Group's $3,175 loan helped a member to purchase merchandise to stock her business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 25, 2012
Listed
May 29, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2012