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Joyas Del Pacifico Group
In this Group: Maria, Cecilia, Magaly, Irina, Marilyn, Valeska, Carolina, Ana, Alejandra, Ana, Cinthia, Jacqueline, Johana, Johanna, Belinda, Eugenia, Erika, Ana
This communal bank is called Joyas del Pacífico and is made up of 18 entrepreneurs who work in different areas, including salad sales, clothing sales, general store, tailoring, bookstore, department store, beauty product sales, kiosk, empanada sales, services, and other things. All of them are in the city of Valparaíso.

María Eliana, the education delegate of the communal bank group, is seated in the first row in the photo in the second place from the right. She's wearing a black jacket and a skirt with white, lilac, and green trim. Her hair is dark and she wears it loose. She's holding her granddaughter in her arms.

She works selling toiletries and also does tailoring (making pants) and weaving. She has worked selling toiletries for a year and more than six years tailoring and weaving. She says she works Monday through Saturday and reserves Sunday for going to church with her grandchildren. She works from home and sometimes offers her products door-to-door. She organizes her work schedule according to her availability.

She buys the merchandise she needs from liquidators that sell toiletry products. She buys the wool and fabric at low prices from distributors in the city of Valparaíso; also, they already know her so they give her a discount when she's making her purchase.

With the loan she will buy toiletries, wool in various colors, fabric, and thread.

One of María Eliana's goals is to have a tailor shop in her home to generate more income and choose a better quality of life. María Eliana lives with her three grandchildren, ages 7, 4, and 1. Her dreams for her family are to give her grandchildren a good income and a good future for their studies.

She is very happy about and grateful for the opportunity offered by Fondo Esperanza because it will allow her to invest in her business. She comments that the trainings have been fundamental for her business and also her personal development because she has learned how to organize and better distribute her income and investments. With regard to the communal bank group to which she belongs, she says it's excellent with very good communication.

Valparaíso is located 120 kilometers northwest of Santiago. It's the regional capital and also the seat of the country's legislative branch and the most important port. It offers a wide variety of pretty and picturesque places, such as the house of the poet Pablo Neruda, winner of the Nobel Prize.
View original language description ↓
Este Banco Comunal se llama “Joyas del Pacifico” está conformado por 18 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; ventas de ensaladas, venta de ropa, bazar, costuras, librería, almacén, venta de productos de belleza, kiosko, venta de empanadas, servicios entre otros. Todos ellos pertenecientes a la ciudad de Valparaíso.
Maria Eliana, delegada de Educación del grupo del Banco Comunal, quien en la foto se encuentra sentada en primera fila, ocupando el segundo lugar de derecha a izquierda, viste un chaleco de color negro, usa una falda con franjas de colores blanco, lila y verde, su cabello es de color oscuro y lo usa suelto, en sus brazos carga a su nieta.
Ella se dedica a la venta de productos de aseo, a la vez realiza costuras (confección de pantalones) y tejido, en la venta de productos de aseo se dedica desde hace 1 año, y a las costuras y tejidos desde hace mas de 6 años. Comenta que trabaja de lunes a sábado y los domingos los deja para ir a la Iglesia con sus nietas, trabaja desde su casa y algunas veces ofrece sus productos de puerta en puerta, su horario de trabajo lo distribuye de acuerdo a su disponibilidad.
La mercadería que va necesitando la compra en liquidadoras donde venden productos de aseo, las lanas y telas en distribuidoras todo en la ciudad de Valparaíso a bajo costo, además ya la conocen y le realizan descuento al momento de comprar.
Con el crédito comprará artículos de aseo, lanas de varios colores, telas e hilos.
Una de las metas de Maria Eliana es tener un taller de costuras en su casa, así generar mayores ingresos y optar a una mejor calidad de vida.
Maria Eliana vive junto a sus 3 nietas de 7, 4 y 1 año de edad. Sus sueños a nivel familiar es darle un buen pasar a sus nietas y un buen futuro para sus estudios.
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. Respecto al grupo del Banco Comunal del cual forma parte, comenta que es excelente muy buena comunicación.
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
  • 477.7
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Joyas Del Pacifico Group's $6,725 loan helped a member to buy toiletries, wool in various colors, fabric, and thread.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 27, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012