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Camino Al Exito Group
In this Group: Erica, Claudia, Gaudy, Margarita, Candy, Ruth, Maria, Raquel, Laura, Gloria, Fabiola, Flor, Karen, Maria, Angelica, Rosa, Elsi
The communal bank “Camino al Éxito” [Road to Success] comprises 17 entrepreneurs who undertake a variety of activities, among which are: selling clothing, groceries, vegetables, and games; dressmaking; running a shop; preparing and selling fast foods, bread dough, raw and cooked salads; selling at fairs; and others. All the members live in Colina, a community in Santiago.

Érica is the member of the communal bank who is seated in the first row in the fourth seat from right to left of the photo, wearing blue jeans and a red shirt with black and grey lettering, holding a folder and purse in her hands, and whose hair is black and cut short. For 6 months, she has been selling at her shop. She says she works alone; her shop is located in her house, and she works Monday to Friday depending on her availability. She must purchase her merchandise from discount distributors so that her business is economically viable. She will use the loan to buy thread, needles, school supplies, and packing materials.

Her business goals are to build a space on her patio and obtain a city permit so that her merchandise can be displayed well and her customers are satisfied shopping there. Érica lives with her two daughters and a nephew. She dreams of having a stable business that will meet her financial needs and provide for her family's well-being. She is happy and grateful for the opportunity offered by Fondo Esperanza that will allow her to invest in her business. She says the training has been critical to her business and personal development, as she had learned to better organize, invest, and spend her income.

Colina is located in the north of a metroplitan area (Santiago, the capital of Chile is located here). Today it is an important business center, primarily in agribusiness as large companies have set up offices here and brought many employees to the community. Country homes are common in the area, which has increased the number of residents considerably. There are also tourist attractions such as hot springs, water sports at Laguna Piedra Roja, and mountain climbing.
View original language description ↓
Este Banco Comunal se llama “Camino al Éxito” está conformado por 17 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de ropa, venta de abarrotes, verdulería, costuras, bazar, venta de juguetes, comida rápida, feriantes, venta de pan amasado, venta de ensaladas crudas y cocidas, servicios entre otros. Todos pertenecientes a la comuna de Colina, ubicada en la ciudad de Santiago.
Érica, integrante del grupo del Banco Comunal, quien en la foto se encuentra sentada en primera fila, ocupando el cuarto lugar de derecha a izquierda, viste un blue jeans y un poleron de color rojo con letras negras y grises, en sus manos carga una carpeta y un bolsito, su cabello es de color negro y lo usa corto.
Ella se dedica al rubro de venta de bazar, desde hace 6 meses. Comenta que trabaja sola, su bazar lo ubica en una parte de su casa, trabaja de lunes a viernes y su horario lo distribuye de acuerdo a su disponibilidad.
La mercadería que va necesitando en su bazar la compra en distribuidoras a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará hilos, agujas, útiles escolares, artículos de paquetería.
Las metas en su negocio son poder construir un local en el patio de su casa y contar con el permiso de la municipalidad, así tener toda su mercadería ordenada y que su clientela salga satisfecha de su local.
Érica vive junto a sus 2 hijas y su nieto. Sus sueños a nivel laboral son tener un negocio solido, en el cual le de satisfacción en lo económico y un buen bienestar a su familia.
Ella está muy contenta y agradecida 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.
Colina es una comuna de la región metropolitana (donde está Santiago, capital de Chile) ubicada al norte de la misma. Actualmente es centro de importantes inversiones, principalmente en el área agro industrial, debido a la instalación de grandes e importantes empresas, que de paso entregan un gran número de empleos a la comunidad. Es también un área de parcelaciones de agrado, lo que ha contribuido a aumentar considerablemente el número de habitantes. También cuenta con espacios adecuados al turismo, tales como termas, deporte en la Laguna Piedra Roja y montañismo.

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 Camino Al Exito Group's $4,375 loan helped a member to buy thread, needles, school supplies, and packing materials.
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