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Esperanza Group
In this Group: Sandra, Carlos, Claudia, Claudia, Jorge, Susana, Vilma, Oscar, Mario, Lisandro, Franco, Ana, Ingrid, Monica, Walter, Elvia, Rocio, Luis Andres, Luis Rolando
The “Esperanza” Communal Bank is comprised of nineteen entrepreneurs engaged in various trades that include selling husked wheat, hardware, children’s clothing, and general clothing as well as exhibiting goods at fairs, owning a grocery store, and other activities. All of the members belong to the San Bernardo commune located in Santiago.
Sandra is a member of the Communal Bank. In the photo, she is seated in the third row, second from the right, wearing a blue skirt with pink trim. She is wearing a medal and she has dark chestnut hair that she is wearing loose.
She has been engaged in grocery store sales for two years. She says that she works in her home Monday through Sunday, from 7:30 to 10:30.
She purchases the merchandise and supplies she needs for her grocery store from various supermarkets and candy distributors at low cost, so her business is profitable.
She will use the loan to purchase chocolates, candy, noodles, butter, and flour.
One of Sandra’s business goals is to have the opportunity to expand her store so that she can serve more customers, generate higher income, and in this way, achieve a better quality of life.
Sandra lives with her husband and three children, ages 22, 10, and 8. Her personal dream is to complete construction of her home and provide her family with better living conditions. Her work goal is to have a larger business.
She is very happy and grateful for the opportunity that Fondo Esperanza had given her as this has enabled her to invest in her business. In addition, she feels very comfortable in the company of the other entrepreneurs in the communal bank because they share various activities and interests. In regard to the training provided at the meetings, she has learned to manage her business better.
The city of San Bernardo is located 18 km directly south of the main square of Santiago, Chile’s capital. Santiago is known as the capital of folklore because each year in January, they hold the “International Folklore Festival, an event in which the country’s ethnic groups gather together with musical groups from all over South America. They also host the “Traditional Crafts Fair” in which all the artisans from Chile and other nearby countries participate. Then in April, they host the “Abril Cuecas Mil” (Thousand Dances of April) which consists of Cueca (Chilean traditional dance) dancing throughout the commune.
View original language description ↓
Este Banco Comunal se llama “Esperanza“ está conformado por 19 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de mote, venta de artículos de ferretería, feriantes, venta de ropa de niños, venta de ropa, almacén, servicios entre otros. Todos pertenecientes a la comuna de San Bernardo ubicada en la ciudad de Santiago.
Sandra integrante del grupo del Banco Comunal quien en la foto se encuentra sentada en tercera fila, ocupando el segundo lugar de derecha a izquierda, viste con en polera color azul con adornos de color rosado, usa una medalla y su cabello lo usa suelto y es de color castaño oscuro.
Ella se dedica al rubro de venta de almacén, desde hace 2 años. Comenta que trabaja en su casa de lunes a domingo con un horario de 07.30 hasta las 22.30 horas.
La mercadería e insumos que va necesitando para su almacén los compra en diferentes supermercados y distribuidoras de confites a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará chocolates, dulces, fideos, mantequillas y harinas.
Una de las metas de Sandra en su negocio, son tener la oportunidad de agrandar su negocio, en el cual pueda atender a más clientela, para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Sandra vive junto a su esposo y sus 3 hijos de 22, 10, y 8 años de edad. Sus sueños a nivel personal es terminar de construir su casa para brindarle a su familia un buen pasar y a nivel laboral tener un negocio más grande.
Ella está muy contenta y agradecida de la oportunidad que le ha brindado Fondo Esperanza, ya que le ha permitido invertir en su negocio. Además se siente muy cómoda con la compañía de las demás emprendedoras del grupo del Banco Comunal, ya que comparten diferentes actividades e intereses. Respecto a las capacitaciones impartidas en las reuniones, ha aprendido administrar su negocio de mejor manera.
San Bernardo es una ciudad, ubicada a 18 km. en línea recta hacia el sur desde la plaza de armas de Santiago (capital de Chile). Es conocida como la capital del folklore, debido a que cada año, en enero, se realiza el "Festival Internacional del Folklore", un evento en el que las raíces del país se dan cita y se reúnen agrupaciones musicales de toda Sudamérica. También se desarrolla la "Feria de Artesanía Tradicional", en la que participan tanto artesanos chilenos como de otros países cercanos. Luego en abril se realiza el evento “Abril cuecas Mil” que consiste en hacer bailar cueca (baile tradicional chileno) a toda la comuna.



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
  • 484.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Esperanza Group's $3,975 loan helped a member to purchase chocolates, candy, noodles, butter, and flour.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 17, 2012
Listed
Jul 26, 2012
Currency Exchange Loss:
Possible
Ended:
Nov 15, 2012