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Nuevo Camino Group
In this Group: Carolina, Maria, Maria, Teresa, Cristina, Rosa, Victoria, Flor, Gladys, Eliazar, Sumilda, Olfa, Maria, Priscila, Oriana, Ana, Yohana, Rosa
The 18 members of the Nuevo Camino community bank operate businesses that include: a bakery, animal sales, prepared food sales, cheese sales, clothing sales, kiosk sales, a greenhouse, vegetable sales, crafts sales, fuel sales, paper sales, etc. All of the members live in the city of Chillan.
Carolina, the group's secretary, can be seen standing in the back row, second from the right, wearing a gray coat over a gray blouse, with glasses on.
She has operated a clothing sales business for 2 years. Specifically, she sell new clothing. She operates the business from her house. She works in the afternoon so that she can take care of family duties in the morning.
She sells a wide range of clothing for men, women, children and babies. She buys from wholesalers in Santiago because that's where she can get the merchandise she needs at the lowest cost. She will use this loan to buy different sizes and styles of clothing that she will resell to her customers.
For the future, she wants to grow her business and set up a space in her house where she can meet her customers. The investment will help her improve her income and, in turn, her family's quality of life.
Carolina and her husband have 2 children, 17- and 11-years old, respectively. Her husband supports her efforts to make an extra income. They hope to help their daughter start a career in the carabinero (Chile's national police service).
Carolina is happy with the terms of the loans that she receives from Fondo Esperanza. She says, too, that she likes her community bank because its members are generous, considerate and supportive.
Chillan is a town in south-central Chile. The name means "seat of the sun" in Mapudungun, the language of the indigenous Mapuche people. The town is known as the Cradle of the Nation and Land of Artists. It's famous for the many distinguished Chileans who were born here including the well-know pianist, Claudio Arrau.
View original language description ↓
Este Banco Comunal se llama “Nuevo Camino” está conformado por 18 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; pastelería, criadero de cerdos, venta de comida rápida, venta de queso, venta de ropa interior, kiosko, invernadero, venta de verduras, artesanía, venta de carbón, bazar, librería, tejidos, venta de chichería(pinches de niñitas). Todos pertenecientes a la ciudad de Chillan.
Carolina, secretaria del Banco Comunal, quien en la foto se encuentra de pie en segunda fila, ocupando el segundo lugar de derecha a izquierda, viste un beatle de color gris y encima lleva una chaqueta de color negro, usa anteojos, su cabello lo usa tomado y es de color castaño oscuro.
Ella se dedica al rubro del comercio específicamente a la venta de ropa nueva, desde hace 2 años, trabaja desde su casa y entrega a domicilio, su horario de trabajo empieza en la tarde ya que en la mañana se dedica a sus hijos y a la casa. Su mercadería en ropa es diversa, ya que generalmente sus productos son para dama, varón, niños y bebes.
Su mercadería usualmente la compra en la ciudad de Santiago en distribuidoras y bodegas a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará ropa de diferentes tallas y modelos para su variada clientela.
Sus metas son seguir creciendo con su negocio y lograr instalar un local propio en su casa, para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Carolina vive junto a su esposo, quien la apoya en su negocio, y 2 hijos de 17 y 11 años de edad, quienes se encuentran estudiado. Sus sueño a nivel laboral es tener su local propio, y a nivel familiar que su hija se reciba de carabinero (policía uniformada en Chile)
Carolina está muy contenta y agradecida del crédito y servicios otorgados por Fondo Esperanza. Además comenta que se siente muy cómoda con las reuniones del Banco Comunal, ya que existe generosidad, respeto y unidad.
Chillán es una comuna de la zona centro sur de Chile. Su nombre significa “silla del sol” en mapudungun, idioma de nuestros indígenas mapuches. Chillán es conocida como “Cuna de la Patria” o “Tierra de Artistas”, debido a que en la ciudad han nacido destacados personajes de la historia de Chile, como por ejemplo el conocido pianista Claudio Arrau.






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
  • 489.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Camino Group's $5,300 loan helped a member to stock her clothing sales business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 6, 2012
Listed
Jul 23, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012