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Sol Naciente Group
In this Group: Yesenia, Jorge, Camila, Susan, Carmen, Myriam, Carolina, Ruben, Ana, Maria, Marina, Virginia, Carina, Juana, Jessica
This communal bank, called “Emerging Sun”, is composed of 15 entrepreneurs who are dedicated to commerce, specifically selling clothing, doughy bread, sweets, breakfasts, services, and a stallholder, among others. They all live in the commune of Quilicura, located in the city of Santiago.

Yesinia, president of the communal bank group, is standing in the front row of the photo, first on the left, dressed in a white 'beatle', under a gray vest and a brown jacket. Her dark chestnut hair is worn loose.

Yesinia has offered hair care for some 2 years. She has taken specialized courses that helped improve her skills and facilitated her business. She works Monday through Friday from 10:00 am until 9:00 pm, and also visits her customer's residences.

Yesinia buys her merchandise from various distributors who specialize in selling products for the hair. With this loan she will buy scissors, shaving implements, capes, caps, and gloves, among other items. One of Yesinia's goals for her business is to have an opportunity to acquire her own shop where she can attend to her customers.

She lives with her husband, a taxi driver, and her 7-year-old daughter who is a student. Yesinia's personal dreams are to have her own house and her own beauty shop, to generate greater income and thus, obtain a better quality of life.

Yesinia is very content and grateful for the opportunity offered by Fondo Esperanza to invest in her business. In addition, she feels very comfortable with her group, since they are united, respectful, and confident.

Quilicura is a commune pertaining to Santiago, Chile's capital, located in the extreme northeast of the metropolitan region. The origin of the commune's name comes from “mapudungun” in the Mapuche language: “kila” means 3, and “kura” means stone, which we deduce makes the name “3 stones”. The name was chosen by the original inhabitants, with reference to 3 hills that are clearly visible and mark the boundaries of the commune.
View original language description ↓
Este Banco Comunal se llama “Sol Naciente” está conformado por 15 emprendedores que se dedican al rubro del comercio, específicamente venta de ropa, venta de pan amasado, venta de confites, feriantes, venta de desayuno, servicios entre otros. Todos pertenecientes a la comuna de Quilicura, ubicada en la ciudad de Santiago.
Yesenia, presidenta del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el primer lugar de izquierda a derecha, viste un beatle de color blanco, encima lleva puesto un chaleco de color gris y una chaqueta de color café, su cabello lo usa suelto y es de color castaño oscuro.
Ella se dedica al rubro de la peluquería, , desde hace 2 años. Realizó algunos cursos de especialización, lo que le permitió perfeccionarse y emprender en su negocio. Se desempeña en sus labores de peluquería de lunes a viernes y su horario de trabajo es de 10ºº hasta las 21ºº horas, también se dirige a los domicilios particulares de sus clientes.
Su mercadería la compra en varias distribuidoras que se especializan en vender productos para el cabello.
Con el crédito comprará tijeras, implementos para navaja, capas, gorros, guantes, entre otros.
Una de las metas de Yesenia en su negocio, son tener la oportunidad de adquirir un local propio, en el cual pueda atender a sus clientes.
Yesenia vive con su esposo quien se dedica al rubro de taxista, y su hija de 7 años quien se encuentra estudiando. Sus sueños a nivel personal es tener su casa propia, y a nivel laboral tener su local propio, para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Ella está muy contenta y agradecida de la oportunidad que le ha brindado Fondo Esperanza para invertir en su negocio. Además se siente muy cómoda con el grupo que participa, ya que son unidos, existe respeto y confianza.
Quilicura es una comuna perteneciente a Santiago, capital de Chile, ubicada en el extremo noroeste de región metropolitana. El origen del nombre de la comuna viene del mapudungun (lengua mapuche): "kila", que significa “tres” y "kura" que significa “piedra”, por lo que se deduce que el nombre de Quilicura equivale a "tres piedras", como el nombre que le dieron los primeros habitantes de este valle en referencia a los tres cerros que son perfectamente visibles y que delimitan 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
  • $2,587,775
    Funds lent in using Kiva
  • 508.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Sol Naciente Group's $2,975 loan helped a member buy scissors, shaving implements, capes, caps, gloves, among other supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 27, 2012
Listed
Jun 28, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012