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El Renacer Group
In this Group: Heny, Alex, Rolando, Carla, Celeste, Marcela, Sandra, Betty, Daniza, Viviana, Marcia, Gaston , Natalia, Maria, Sujey, Luis, Ricardo, Rodrigo, Jocelyn
This communal bank is called El Renacer. It is made up of 19 entrepreneurs who work in the area of commerce, specifically market vendors, fast food, clothing sales, "sopaipillas" [deep-fried dough], and service, among others. All of them live in San Bernardo, located in the city of Santiago.

Heny is the president of the communal bank group. In the photo she is seated in the first row on the right. She's wearing a white polo shirt and a green jacket. She is wearing earrings and her hair is red and she wears it pulled up.

She has worked for 22 years in the area of commerce, specifically selling clothing. She sets up her stall in open markets on Tuesday, Saturday, and Sunday. Her clothing merchandise is varied because generally her products are for all ages and people. She usually buys her merchandise in the town of Estación Central because they know her and they give her the merchandise at a low cost, which is convenient economically.

With the loan she will buy more children's clothing and different models and styles of vests.

Heny lives with her father, daughter-in-law, granddaughter, and her six children, ages 8, 10, 12, 14, 18, and 21, who are all in school. Her dreams are to get her own house where she can live with all her children and keep the warmth of her home that she has had with them up to now.

Heny is very happy and grateful for the loan and services provided by Fondo Esperanza. She also comments that she feels very comfortable with the meetings and the communal bank group because there is generosity and unity.

San Bernardo is a city located 18 kilometers directly south of the Plaza de Armas of Santiago (the capital of Chile). It's known as the folklore capital because the International Festival of Folklore is held there every January, an event in which the country's roots are highlighted and musical groups from all over South America get together. There is also the Festival of Traditional Arts and Crafts, attended by artisans from Chile and nearby countries. Later, in April, there is Abril Cuecas Mil [April, A Thousand Cuecas], an event in which the whole community dances the cueca (a traditional Chilean dance).
View original language description ↓
Este Banco Comunal se llama “El Renacer” está conformado por 19 emprendedores que se dedican al rubro del comercio, específicamente feriantes, venta de comida rápida, venta de ropa, venta de sopaipillas, servicios entre otros. Todos ellos pertenecientes a la comuna de San Bernardo ubicada en la ciudad de Santiago.
Heny, presidenta del grupo del grupo del Banco Comunal, quien en la foto se encuentra sentada en primera fila de derecha a izquierda, viste con una polera de color blanco y encima lleva puesto una chaqueta de color verde, usa aros y su pelo es de color rojo y lo usa tomado.
Ella se dedica al rubro del comercio, específicamente a la venta de ropa, desde hace 22 años. Su puesto lo ubica en ferias libres, los días martes, sábados y domingos. Su mercadería en ropa es diversa, ya que generalmente sus productos son para todas las edades y personas.
Su mercadería usualmente la compra en la comuna de Estación Central, ya que la conocen y le dejan la mercadería a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará más ropa de niños, chalecos de diferentes modelos y tallas.
Sus metas son poder establecer un local para mejorar la atención de su clientela, así con esto optar a una mejor calidad de vida.
Heny vive junto a su padre, nuera, nieta y sus 6 hijos de 8, 10, 12, 14, 18 y 21 quienes se encuentran todos estudiando. Sus sueños son obtener una casa propia en la cual pueda vivir con todos sus hijos y mantener el calor de hogar que hasta ahora ha mantenido con ellos.
Heny 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.
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
  • 512.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Renacer Group's $3,500 loan helped a member to buy more children's clothing and vests.
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