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Nuestra Nueva Esperanza Group
In this Group: Elizabeth, Maria, Andrea, Clorinda, Rosa, Olfa, Digna, Marilu, Sara, Eufemia, Paola, Beatriz, Alvaro, Ramon, Maria, Elba, Fabiola, Milagro
This community bank is called Nuestra Nueva Esperanza and is made up of 18 members who earn their living in a variety of ways: bicycle repair shop, clothing sales, crafts, pastry making, toys, gift stall, hairdressing, embroidery, sewing, fruit and vegetable sales, greenhouse, and services.

Elizabeth is the president of the community bank. In the photo she is standing in the front row, second on the left. She is wearing a grey jacket and a scarf (a garment you wrap around your neck to protect it), and ear rings. Her light brown hair is long. Elizabeth makes crafts and is also a hairdresser. For the last eight years she has been a teacher of older adults in the community. She works from Monday to Friday in the community, and in the afternoons she does crafts and works in the salon.

Elizabeth particularly enjoys making crafts for which she takes orders. She knows twenty one different stitches and styles of embroidery. She buys her supplies from specialist distributors of crafts and hair products.

With the loan Elizabeth will buy fabric, ribbon, thread, bobbins (crochet wool), and hair dye. Her goal is to continue her business and to buy an embroidery machine so that she can earn more money and achieve a better standard of living.

She lives with her 21-year old daughter who is a student. Her dream is to have a workshop of her own where she can put her sewing and embroidery machines. She would also like to see her daughter graduate from university and her work completed.

She is very grateful for this opportunity provided by Fondo Esperanza for a loan to invest in her business. As well, she is happy to be part of her community bank who motivate her to continue participating.

San Fernando is a town located in the region of Libertador General Bernardo O'Higgins in the central part of Chile. The most important economic activities of the town are agriculture (grape growing, beets, fruit trees, tobacco, wheat, and traditional crops), industries associated with agriculture such as fruit exports and milk products, and commerce.
View original language description ↓
Este Banco Comunal se llama “Nuestra nueva Esperanza” está conformado por 18 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; taller ciclista, venta de ropa, manualidades, repostería, maquinas de juego, bazar, peluquería, bordados, costuras, verdulería, invernadero, servicios entre otros. Todos ellos perteneciente a la ciudad de San Fernando.
Elizabeth, presidenta del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila ocupando el segundo lugar de izquierda a derecha, viste una chaqueta de color gris, encima lleva una bufanda (Prenda con que se envuelve y abriga el cuello), usa aros y su cabello es largo y lo usa tomado y es de color castaño claro.
Ella se dedica al rubro de manualidades, peluquería y monitora en su municipalidad para el adulto mayor, desde hace 8 años. Comenta que trabaja de lunes a viernes en la municipalidad y en las tardes se dedica a su peluquería y sus manualidades, este último rubro le gusta mucho, trabaja a pedido, realiza 21 puntos diferentes para trabajar, uno de ellos es el capitoné (tapizado clásico, muy elegante, que se caracteriza por el acolchado en relieve siguiendo una pauta regular y ordenada, como un diseño geométrico).
Su mercadería la compra en distribuidoras que se especializan en manualidades y productos para el cabello.
Con el crédito comprará telas, cintas, hilo, bolillo (blonda tejida a crochet), tinturas para el cabello.
Sus metas son continuar con el negocio y poder comprar una maquina bordadora, para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Elizabeth vive junto a su hija de 21 años de edad, quien se encuentra estudiando. Sus sueños a nivel laboral tener un taller donde pueda poner sus maquinas, y a nivel familiar ver a su hija titulada, para ver su tarea cumplida.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo Esperanza, ya que el crédito le permitirá invertir en sus negocios. Además se siente cómoda con el grupo del Banco Comunal del cual forma parte, lo cual la motiva a seguir participando.
San Fernando es una ciudad ubicada en la región del Libertador General Bernardo O´Higgins , zona centro de Chile. La actividad económica de la ciudad se basa principalmente en la agricultura (viñedos, cultivo de remolacha, frutales, tabaco, trigo y cultivo tradicional), la agroindustria (empresas exportadoras de frutas, conserveras, de lácteos, etc.) y el comercio.

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
  • $2,552,775
    Funds lent in using Kiva
  • 489.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuestra Nueva Esperanza Group's $5,950 loan helped a member buy fabric, ribbon, thread, bobbins (crochet wool), and hair dye.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2012
Listed
Jul 23, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012