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El Amanecer Group
In this Group: Elizabeth, Victoria, Maria, Sara, Jose, Nelsin, Cecilia, Maria, Nelsin, Luis, Cristina, Margarita, Maria, Beatriz, Hilda, Marjorie, Daniel, Juana
This communal bank is called “El Amanecer” (Dawn) and it has 18 entrepreneurs who carry out various lines of work among which we have: sewing, catering, used clothes sales, electrician, underwear sales, fast-food and services, among others. All are from the city of Chillán.

Elizabeth, communal bank President, appears in the photo standing in the first row, second from left to right, wearing a black shirt and gray vest; her hair is dark brown and she wears it loose.

She sews, embroiders and makes clothes specifically sweatshirts and t-shirts. She’s been in this business for a year and works every day. She manages her time according to availability because her daughter is little.

The merchandise she needs she buys in the city of Santiago because it’s a place where she can find merchandise at low cost so it’s convenient economically.

She will use the loan to buy all types of thread, fabric, buttons and zippers to stock her sewing workshop. Her business goals are to have the opportunity to have an independent locale and to add industrial machines like embroiderers to offer better quality in the sewing and dressmaking work to her customers.

Elizabeth lives with her 8-year-old daughter who is studying and one of her dreams is to give economic stability to her daughter so that in the future she can attend the university.

She is very happy and grateful for the opportunity Fondo Esperanza is giving her because it’s allowed her to invest in her business. Also, she feels very comfortable in the company of the other entrepreneurs in the communal bank because they share different activities.

Chillán is a commune in the south-central part of Chile. Its name means “Seat of the Sun” in Mapudungun, the language of our indigenous Mapuches. Chillán is known as the “Cradle of the Fatherland” or “Land of Artists” because many outstanding figures in Chilean history were born in this city like, for example, the well-known pianist, Claudio Arrau.
View original language description ↓
Este Banco Comunal se llama “El Amanecer“ está conformado por 18 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; costuras, banquetearía, venta de ropa usada, taller de electricidad mecánica, venta de ropa interior, comida rápida, servicios entre otros. Todos ellos pertenecientes a la ciudad de Chillán.
Elizabeth, presidenta del grupo del Banco Comunal, quien en la foto se encuentra de pie en la primera fila, ocupando el segundo lugar de izquierda a derecha, viste una polera de color negro y encima usa un chaleco de color gris, su pelo es de color castaño oscuro y lo usa suelto.
Ella se dedica al rubro de las costuras, bordados y confección de ropa específicamente en buzos, polerones, se ocupa de este negocio desde hace 1 año, trabaja todos los días y su horario lo distribuye de acuerdo a su disponibilidad, ya que su hija es pequeña.
La mercadería que va necesitando la compra en la cuidad de Santiago por ser un lugar donde encuentra su mercadería a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprara todo tipo de hilos, telas, botones, cierres para abastecer su taller de costuras.
Las metas en su negocio son tener la oportunidad de tener un local independiente y agregar máquinas industriales como bordadoras y así ofrecer una mejor calidad en su trabajo de costuras y confección a su clientela.
Elizabeth vive junto a su hija de 8 años de edad, quien se encuentra estudiando y uno de sus sueños son dar una estabilidad económica a su hija para que a futuro pueda estudiar en la universidad.
Ella está muy contenta y agradecida de la oportunidad que le ha brindado Fondo Esperanza, ya que le ha permitido invertir en su negocio. Además se siente muy cómoda con la compañía de las demás emprendedoras del grupo del Banco Comunal, ya que comparten diferentes actividades.
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.

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
  • 520.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Amanecer Group's $4,075 loan helped a member to buy sewing supplies.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 11, 2012
Listed
Jun 5, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 18, 2012