Check out some available loans that are similar to this one!
Estrellas Group
In this Group: Rosa, Jacqueline, Marcela, Carmen , Carolina, Luisa, Cecilia, Luis, Carlos, Bernardita, Jeorgina, Luis , Luz, Hernan, Juana, Leonor, Jacqueline, Teresa, Maria, Maria, Maria
This community bank is called 'Estrellas' (Stars). It is made up of 21 entrepreneurs who work in commerce selling clothing, running a grocery store, making confectionery, hair dressing, making knitted goods, making sports clothing, providing a photocopying and binding service, etc. They are all from the city of Talca.

Rosa is the treasurer of this community bank. In the photo, she can be seen standing in the second row, third from the left. She is wearing a red sweater and has short hair.

Rosa has been selling a variety of merchandise and offering cell phone top ups for three months. She says that she works alone, from Monday to Sunday. Her work hours depend upon her availability as her business is located in her home and her customers come to visit her until very late in the evening looking for cell phone top ups. This makes her happy because she is making income for her household.

Rosa buys the merchandise and supplies that she needs for her business in the city of Santiago at low cost. This is financially convenient for her.

Rosa will use her loan to buy school supplies, specifically paints, colored pencils, notebooks, correction fluid, etc.

Rosa's business goals are to stock up with a lot more merchandise and to grow her business so that she can make more income. This will enable her to enjoy a better quality of life.

Rosa lives together with her husband, son, daughter-in-law and 3-year-old granddaughter. Her dreams for her work are to expand her business and to stock it with a lot of products for her customers. This will enable her to provide her family with a better quality of life.

Rosa is very happy and grateful for the loan and other services provided by Fondo Esperanza. She also says that she feels very comfortable with her community bank and the meetings they attend because there is a lot of generosity and unity.

Talca is located in Maule region, in the central area of the country. It is the administrative, financial and cultural center of the region, being the most important city in the Chilean Central Valley. There is a strange reference to Talca in Chile in a phrase which goes 'Talca, Paris and London'. There are a number of myths surrounding this phrase. Some say that it comes from something an Englishman once said ("Talca parece Londres" - "Talca is like London") owing to the fog that frequently covers the city during the winter season, just as it does in the UK capital.
View original language description ↓
Este Banco Comunal se llama “Estrellas” está conformado por 21 emprendedores que se dedican al rubro del comercio, específicamente venta de ropa, almacén, repostería, peluquería, tejidos, confección de buzos, servicio de fotocopiado y anillado, servicios entre otros. Todos pertenecientes a la ciudad de Talca.
Rosa, tesorera del grupo Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el tercer lugar de izquierda a derecha, vistiendo un chaleco de color rojo, su cabello es claro y lo usa corto.
Ella se dedica al rubro de venta de bazar y recargas celulares, desde hace 3 meses. Comenta que trabaja sola de lunes a domingo, y el horario de trabajo lo distribuye de acuerdo a su disponibilidad, ya que su negocio lo ubica en su propia casa y su clientela llega hasta muy tarde por recargas de celulares, lo que la tiene contenta por generar ingresos para su casa.
La mercadería e insumos que va necesitando para abastecer su negocio, los compra en la ciudad de Santiago a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará artículos escolares, específicamente temperas, lápices de colores, corrector entre otros.
Las metas en su negocio son abarcar mucho más con mercadería y tener la posibilidad de agrandar su negocio, para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Rosa vive junto a su esposo, un hijo, su nuera y su nieta pequeña de 3 años de edad. Sus sueños a nivel laboral son ampliar su negocio y abastecerlo de muchos productos para su clientela, para brindarle a su familia una mejor calidad de vida.
Rosa 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.
Talca pertenece a la región del Maule, ubicada en la zona centro del país. Constituye el centro administrativo, económico y cultural de la región, siendo la ciudad más importante del Valle Central chileno. Sobre Talca existe una curiosa referencia en Chile, la frase "Talca, París, y Londres". Entre los mitos al respecto, algunos dicen que es una derivación de la originalmente dicha por un inglés "Talca parece Londres", por la abundante neblina que cubre frecuentemente la ciudad en la temporada invernal, a semejanza de la capital del Reino Unido.


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
  • 507.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Estrellas Group's $4,325 loan helped a member to buy school supplies (paints, colored pencils, correction fluid, etc.).
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 21, 2012
Listed
Jun 27, 2012
Currency Exchange Loss:
Possible
Ended:
Oct 15, 2012