Check out some available loans that are similar to this one!
Sonrisas Frente Al Mar Group
In this Group: Jorge, Maria, Catherin, Julia, Maritza, Francis, Carolina, Yasna, Cristian, Marcela, Dayans, Fabiola, Karen, Juan, Yolanda, Raquel, German, Raquel
This community bank is called "Smiles by the Sea." It is made up of 18 small business owners who work selling various products and services including: used clothing, emapanadas (fried bread with meat or other fillings), avocados, tomatoes, plaster figurines, cakes and baked goods, and a variety of services. All the members live in the city of Valparaiso.

Jorge, president of the community bank, is standing in the first row in the photo second from the left with the red polo shirt and gray vest. He has short, dark gray hair. He has worked selling peeled and chopped potatoes in vacuum sealed bags for one year. He says that he works practically every day. He brings his goods to certain established locations and also delivers directly to clients' homes. His work schedule depends on his availability and his clients'.

He purchases his merchandise from distributors that specialize in offering their products at a low cost, therefore it's the best choice economically. With the loan Jorge will purchase 18 kilograms of potatoes.

His goals are to establish a small store in his house because he has enough space and to become a small businessman.

Jorge lives with his brother who works in a pastry shop. He dreams of buying a potato peeler and a potato slicer for his business to make his own supply of pre-sliced potatoes and thus keep more of the profits.

He is pleased and thankful for the opportunity provided by Fondo Esperanza (The Hope Fund) to invest in his business. Also, he feels very comfortable with the group because they are united and respect and trust one another. He has appreciated the trainings offered at the meetings, and he has learned how to run his business better.

Valparaiso is located 120 kilometers Northeast of Santiago. It is the regional capital and the seat of the national legislature. It is the largest port in the country and has many beautiful locations, for example the Nobel Prize-winning poet Pablo Neruda's home,
View original language description ↓
Este Banco Comunal se llama “Sonrisas frente al mar” está conformado por 18 emprendedores que se dedican al rubro del comercio, específicamente venta de ropa usada, venta de empanadas, venta de paltas, venta de tomates, venta de figuras de yeso, venta de toras y pasteles, servicios entre otros. Todos pertenecientes a la ciudad de Valparaíso.
Jorge, presidente 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 polera de color rojo y encima lleva puesto un chaleco de color gris, su cabello es corto y de color castaño oscuro.
El se dedica al rubro de venta de papas peladas y picadas selladas al vacio, desde hace 1 año. Comenta que trabaja en su casa todos los días, entrega su mercadería a locales ya establecidos y también a su clientela de forma ambulante de casa en casa, su horario de trabajo lo distribuye de acuerdo a su disponibilidad.
La mercadería la compra en distribuidoras que se especializan en vender sus productos a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará 18 kilos de papas.
Las metas en su negocio es establecer un local en su propia casa, ya que tiene el espacio suficiente dentro de ella, llegar a ser un pequeño empresario.
Jorge vive junto a su hermano quien trabaja en repostería. Sus sueños son poder comprar más maquinarias como peladora de papa, picadora de papa, para abastecer su negocio, así con esto generar mayores ganancias.
El está muy contento y agradecido de la oportunidad que le ha brindado Fondo Esperanza para invertir en su negocio. Además se siente muy cómodo con el grupo que participa, ya que son unidos, existe respeto y confianza. Respecto a las capacitaciones impartidas en las reuniones, ha aprendido administrar su negocio de mejor manera.
Valparaíso está situado a 120 kilómetros al noroeste de Santiago. Es la capital regional y además sede del poder legislativo del país. Es el primer puerto de la nación y ofrece gran variedad de lugares hermosos y pintorescos, como por ejemplo la casa del poeta Pablo Neruda, ganador del Premio Nobel.

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
  • 487.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Sonrisas Frente Al Mar Group's $3,850 loan helped a member purchase 18 kilograms of potatoes.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 13, 2012
Listed
Jul 25, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012