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El Amanecer Group
In this Group: Lorena, Paulina, Jessica, Carolina, Elizabeth, Barbara, Mercedes, Jacqueline, Marisol, Ana, Magdalena, Victoria, Ana Maria, Irene, Olenka, Olenka, Nancy, Evelyn
The name of this communal bank is “El Amanecer” and it is made up of 18 entrepreneurs who make a living in different fields of work such as: selling fast food, selling in street markets, selling new clothing, selling plastic items, selling fried pastries, selling groceries, and other types of services. They all are from the town of La Pintana which is located in the city of Santiago.

In the picture Lorena, the group president of the communal bank, is standing in the back row third from the left. She is wearing a black shirt with a light brown scarf around her neck. She has long, dark brown hair and is wearing it down.

For the past year she has made a living selling clothing and soft drinks. She works from her home and sometimes she is the one that goes to her customers’ homes to sell her clothing and her work schedule depends on their availability.

She buys her supplies from different stores and distributors at a low cost because it is much more financially prudent.

With the loan she will buy supplies such as soft drinks and new clothing to stock her business.

Her goals are to continue to run her business and hopefully be able to open a permanent business in her home to generate higher profits. That way she can have a better quality of life.

Lorena lives with her husband and four children. Her 22-year-old daughter is currently working while the 16-,12-, and 8-year-old are in school. Her dreams are to have a good income from her business and good health so she can see her kids finish school and know that her work is done.

Lorena is very happy and grateful for the loans and services she has received through Fondo Esperanza. She also feels very comfortable at the meetings for the communal bank because there is a lot of generosity and unity in the group. She has learned how to better manage her business through the trainings given in the meetings.

La Pintana is a town that is located to the south of Chile’s capital, Santiago, in the metropolitan area. It is known for being a town with high levels of poverty. More than 10% of the inhabitants live in a state of poverty. For the future, the local authority (the municipality) has looked into developing various social programs focused on contributing to bettering the inhabitants’ quality of life.
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; venta de comida rápida, feriantes, venta de ropa nueva, venta de artículos de plásticos, venta de sopaipillas, abarrotes, servicios entre otros. Todos pertenecientes a la comuna La Pintana, ubicada en la ciudad de Santiago.
Lorena, presidenta del grupo del Banco Comunal, quien en la foto se encuentra de pie, ubicándose al fondo de izquierda a derecha ocupando el tercer lugar, viste polera de color negra, y encima usa un pañuelo alrededor de su cuello de color café claro, su cabello es largo de color café oscuro y lo usa suelto.
Ella se dedica al rubro en venta de ropa y venta de bebidas gaseosas, desde hace 1 año. Comenta que trabaja en su casa y algunas veces es ella quien se dirige a los domicilios de sus clientes para ofrecer su mercadería en ropa, y su horario de trabajo lo distribuye de acuerdo a su disponibilidad.
Comenta que sus insumos los compra en diferentes supermercados y distribuidoras a bajo costo, por tanto conveniente económicamente.
Con el crédito comprará insumos como bebidas y ropa nueva para abastecer su negocio.
Sus metas son continuar con el negocio y tener la posibilidad de abrir un negocio establecido en su casa y generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Lorena vive junto a su esposo y 4 hijas, una de 22 años de edad quien se encuentra trabajando y de 16, 12 y 8 quienes se encuentran estudiando. Sus sueños son tener buenos ingresos en su negocio y una buena salud para ver que sus hijas terminen de estudiar para ver su tarea cumplida.
Lorena 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. Respecto a las capacitaciones impartidas en las reuniones, ha aprendido administrar su negocio de mejor manera.
La Pintana es una comuna ubicada al sur de Santiago (capital de Chile), en la región Metropolitana. Se caracteriza por ser una comuna con altos índices de pobreza, donde más de un 10 por ciento de los habitantes vive en situación de indigencia. Por lo anterior, la autoridad local (municipalidad) se ha preocupado de desarrollar variados programas sociales enfocados a aportar al mejoramiento de la calidad de vida de sus habitantes.


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
  • $2,587,775
    Funds lent in using Kiva
  • 502.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Amanecer Group's $3,375 loan helped a member to buy supplies such as soft drinks and new clothing to stock her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 6, 2012
Listed
Jun 22, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012