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Las Rosas Group
In this Group: Maria, Angela, Raquel, Paola, Jeannette, Silvia, Pamela, Roberto, Alodia, Margarita, Yasmina, Brijida, Veronica, Fabiola, Maria, Ignacio, Beatriz, Maritza, Sabrina, Paula
The name of this communal bank is Las Rosas. It comprises 20 entrepreneurs who work in commercial activities, specifically arts and crafts, clothing sales in general, food, hairdressing, vulcanization, and other services. They all belong to the city of Coquimbo.
Maria Cecilia, who is standing in the middle of the first row in the picture, is wearing a brown striped skirt, a green vest, and a scarf. Her hair is black and she is wearing it loose.
She has been working in the dressmaking trade for 20 years. She works Monday through Friday and her workshop is in her home.
She purchases her merchandise in the city of La Serena. She says she would like to travel to the city of Santiago and make her purchases there, because it is cheaper and there is more variety.
She will use the loan to purchase an embroidering machine.
Her goal is to set up a larger shop near her home, in order to generate more income, so that she can have access to a better quality of life.
Maria Cecilia lives with her daughter, who is going to school. Her dream is to have a large workshop and give people the opportunity to work with her.
Maria Cecilia is very grateful and happy with the loan and services offered by Fondo Esperanza. She also says that she feels very comfortable with the meetings and the communal bank group, because there is generosity and unity.
Coquimbo is a port city and, on the other hand, a beach resort. It is the capital of Elqui province, in Region IV of Coquimbo, Chile. The economy of this area is mainly based on mining, since it has large deposits of magnesium, gold, silver, copper, iron, and lead. There is also agriculture, which is developed thanks to intensive use of the Elqui, Limarí and Choapa valleys, where fruits and vegetables are grown under favorable weather conditions.
View original language description ↓
Este Banco Comunal se llama “las Rosas” está conformado por 20 emprendedores que se dedican al rubro del comercio, específicamente artesanía, venta de ropa en general, alimentos, peluquería, vulcanización, servicios entre otros. Todos ellos pertenecientes a la ciudad de Coquimbo.
Maria Cecilia quien en la foto se encuentra de pie en primera fila y se ubica en el centro, vistiendo una falda con rayas color café, chaleco color verde y una bufanda, su pelo es de color negro y lo usa suelto.
Ella se dedica al rubro de la confección, desde hace 20 años, trabaja de lunes a viernes, su taller lo tiene en su casa.
Su mercadería la compra en la ciudad de la serena, comenta que le gustaría viajar a la ciudad de Santiago a comprar ya que es más barato y tiene más variedad.
Con el crédito comprará una bordadora, hilos, telas.
Sus metas son establecerse con un taller más grande cerca de su casa, para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Maria Cecilia vive junto a su hija quien se encuentra estudiando. Sus seños son tener un taller grande y dar la oportunidad a gente trabajando con ella.
Maria Cecilia 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.
Coquimbo es una ciudad-puerto y por otro lado comuna-balneario, capital de la provincia de Elqui, IV Región de Coquimbo, Chile. La economía de la zona se basa principalmente en la minería ya que posee grandes yacimientos de magnesio, oro, plata, cobre, hierro y plomo. También hay agricultura que se desarrolla gracias al intensivo uso de los valles de Elqui, Limarí y Choapa con cultivos de hortalizas y frutas favorecidos por las condiciones del clima

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 Las Rosas Group's $5,350 loan helped a member comprará una bordadora, hilos, telas.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
May 4, 2012
Jun 5, 2012
Currency Exchange Loss:
Sep 18, 2012