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Cien Porciento Esfuerzo Group
In this Group: Nidia, Elizbeth, Margarita, Estefania, Rosa, Barbara, Fabian, Margarita, Patricia, Michel, Claudia, Georgina, Sara, Thamara, Maria, Gonzalo, Rafael
The communal bank "Cien Por Ciento Esfuerzo" (One-Hundred Percent Effort) is comprised of 17 entrepreneurs whom make a living in commerce. Specifically, in auctions, sewing, the sale of clothing, fast foods, perfumes, duvets and sheets, snacks, and undergarments among others. All the entrepreneurs reside in the community of Peñalolén located in Santiago.

Nidia, the only woman squatting in the photo, is President of the comunal bank. She has been making a living in her retail store for the last 2 months. She works at home with her mother during the week and in the evening she works as a cashier for the store. Nidia purchases her merchandise at supermarkets and low-cost distributors, whichever is economically convenient. With this loan she will purchase snacks such as cookies, french fries, and sweets in general.

Her goals are to continue with her business and expand part of her home for the store so that she can generate higher revenues. This way she can have a higher quality of life. Nidia lives with her parents, a brother, a niece, and her eight year old son. She wishes to purchase her own home and give her son the best.

She very much appreciates and is happy for the opportunity brought to her by Fondo Esperanza (Hope Fund) that will permit her to invest in her business. Now that she has learned to better organize her business and manage her capital she realized the training provided has been fundamental for her business and her personal development. In addition, she feels very comfortable with the other entrepreneurs of the communal bank because of the respect, unity, and confidence that exists among the members.

Peñalolén is located east of the metropolitan region. It has attractive points of interest such as vines, buildings considered heritage sites, and natural sites which are transforming the community into a new tourism landscape within the metropolitan region.
View original language description ↓
Este Banco Comunal se llama “Cien por ciento esfuerzo” está conformado por 17 emprendedores que se dedican al rubro del comercio, específicamente remates, venta de ropa, venta de comida rápida, venta de perfumes, venta de plumones y sabanas, venta de confites, costura, venta de ropa interior, servicios entre otros. Todos pertenecientes a la comuna de Peñalolén ubicada en la ciudad de Santiago.
Nidia, presidenta del grupo del Banco Comunal, quien en la foto se encuentra en cuclillas, viste un pantalón y una chaqueta de color gris, encima lleva un pañuelo de color negro y blanco y en sus manos una carpeta, su cabello es de color castaño oscuro y lo usa tomado.
Ella se dedica al rubro de venta de almacén, desde hace 2 meses. Comenta que trabaja en su casa en conjunto con su madre durante la mañana, ya que en la tarde se dedica a trabajar como cajera.
Su mercadería la compra en supermercados, distribuidoras de confites a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará confites, galletas, papas fritas, dulces.
Sus metas son continuar con el negocio y poder ampliar una parte de la casa, para instalar adecuadamente su negocio para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Nidia vive junto a sus padres, un hermano, una sobrina y su hijo pequeño de 8 años de edad. Sus sueños son obtener su casa propia y darle lo mejor a su hijo.
Ella está muy agradecida y contenta de la oportunidad brindada por Fondo Esperanza, ya que le permitirá invertir en su negocio. Comenta que las capacitaciones han sido fundamentales para su negocio y también para su desarrollo personal, ya que ha aprendido a organizar y distribuir de mejor manera sus ingresos e inversiones. Además se siente muy cómoda con las demás emprendedoras del grupo del Banco Comunal ya que existe respeto, unidad y confianza.
Peñalolén se localiza al oriente de la región metropolitana. Cuenta con diversos atractivos tales como viñas, edificios considerados patrimonio histórico y sitios naturales de excursión, elementos que están transformando a esta comuna en un nuevo panorama turístico dentro de la región Metropolitana.

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
  • 489.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Cien Porciento Esfuerzo Group's $3,275 loan helped a member comprará confites, galletas, papas fritas, dulces.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jun 29, 2012
Listed
Jul 23, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012