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Estrella Del Futuro Group
In this Group: Lorena, Luis, Debora, Patricia, Alberto, Paulo, Macarena, Sergio, Paulina, Maria, Aracelli, Perla, Gregoria, Miguel, Rosa, Maria, Consolatriz, Veronica, Maria, Berta, Maria
This communal bank called "Estrella del Futuro" is made up of 20 entrepreneurs who dedicate themselves to different jobs, among which are: restaurants, sale of empanadas, baking, sale of plastic bags, festivals, sale of goods, and services among others. All of them belong to the community of San Bernando located in the city of Santiago.

Lorena, president of the communal bank, is seated in the first row second from the right in the photo with black pants and a red, white and black striped shirt. She works sewing clothes and has been doing this for the past 2 years. She notes that she works alone from home, Monday through Friday from 9am to 7pm.

She usually buys her merchindise in the city of Independencia, which specializes in selling fabrics at a low price and is very economically convenient. With this loan she will buy fabric, thread, and linings for her clothing. Her goals are to acquire more machines and to have people working in her business to increase their income, and thereby achieve a better quality of life.

Lorena lives with her husband who works as a construction worker, and their daughter who is 11 years old and in school. Her dream on a personal level is to be able to study a career one day to obtain a degree and work doing something else.

Lorena is very grateful and happy for this loan and the services provided by Fondo Esperanza as it opened a door for her to invest in her business. Aditionally, she tells us that she feels very comfortable in the meetings of her communal bank, as there exists much generosity and unity.

San Bernardo is a city located 18km in a straight line to the south of the main square of Santiago (the capital of Chile). It is known as the capital of folklore, as the "International Folklore Festival" takes place there every year in January, an event in which artisans of nearby countries as well as those from Chile participate. Later in the year, in April, an event called "Abril Cuecas Mil" takes place, which consists of a traditional Chilean dance performed by the entire community.
View original language description ↓
Este Banco Comunal se llama “Estrella del Futuro” está conformado por 20 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; restaurantes, venta de empanadas, confección, venta de bolsas plásticas, feriantes, bazar, servicios entre otros. Todos ellos pertenecientes a la comuna de San Bernardo ubicada en la ciudad de Santiago.
Lorena, presidenta del grupo del Banco Comunal, quien en la foto se encuentra sentada en primera fila, ocupando el segundo lugar de derecha a izquierda, viste pantalón de color negro, lleva puesto un chaleco con rayas de color blanco, rojo y negro, su cabello es de color oscuro y lo usa tomado.
Ella se dedica al rubro de la confección de vestuario, se dedica a este rubro desde hace 2 años, comenta que trabaja sola en su casa de lunes a viernes desde las 9ºº hasta las 19ºº horas.
Su mercadería la compra usualmente en la ciudad independencia que se especializa en vender telas, además que compra a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará telas, hilos, para sus confecciones.
Sus metas son adquirir más maquinas y tener gente trabajando en su negocio para incrementar sus ingresos, así con esto optar a una mejor calidad de vida.
Lorena vive junto a su esposo quien trabaja como obrero en construcción y su hija de 11 años de edad quien se encuentra estudiando. Sus sueños a nivel personal son poder estudiar alguna carrera para obtener un título y trabajar en otro rubro.
Lorena está muy agradecida y contenta del crédito y servicios otorgados por Fondo Esperanza ya que le abrió una puerta para invertir en su negocio. Además comenta que se siente muy cómoda con las reuniones y grupo del Banco Comunal, ya que existe generosidad y unidad.
San Bernardo es una ciudad, ubicada a 18 km. en línea recta hacia el sur desde la plaza de armas de Santiago (capital de Chile). Es conocida como la capital del folklore, debido a que cada año, en enero, se realiza el "Festival Internacional del Folklore", un evento en el que las raíces del país se dan cita y se reúnen agrupaciones musicales de toda Sudamérica. También se desarrolla la "Feria de Artesanía Tradicional", en la que participan tanto artesanos chilenos como de otros países cercanos. Luego en abril se realiza el evento “Abril cuecas Mil” que consiste en hacer bailar cueca (baile tradicional chileno) a toda la comuna.

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
  • 515.8
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Estrella Del Futuro Group's $4,950 loan helped a member comprará telas, hilos, para sus confecciones.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
May 31, 2012
Listed
Jun 8, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012