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Emprendedores Lord Cochrane Group
In this Group: Margarita, Loreto, Geannella, Ana, Maria, Jonathan, Julio, Allison, Luis, Paola, Christian, Humberto, Maria, Miriam, Francisco, Ludovina, Gicela, Carolina
This communal bank is called "Emprendedores Lord Cochrane". It is made up of 18 entrepreneurs who make a living in the commerce sector. Specifically, clothing sales, glasswork, bazaars, stores, scarves, perfumes, spiral creams, herbal medicines, hand weaving, and other services. All of the entrepreneurs are residents of the city of Valparaiso.

Margarita, head of the communal bank group, is seen sitting in the first row on the right in the picture above. She is wearing black pants and has a brown coat while holding a black purse on her legs. She has been making a living in a bazaar stocking crafts, tobacco, garments, and esoteric items for the last three years. She works Monday through Saturday and sometimes on Sundays when festivals cause more traffic. Her work schedule is from 10am to 9pm.

She usually purchases her merchandise in Santiago at a low price therefore being economically desirable. With this loan she will purchase purses, incense, scarves, tobacco, and scarves for her bazaar. Her goals are to continue her business and have the possibility to own a stable spot in order to generate more revenue and this way have a better quality of life.

Margarita lives with her two children. One is 23 years old and is preparing to enter military service. The other is 19 years old and is a student. Her family goals are to have her own place to live in peace and give her sons the best.

She is very happy and grateful for the opportunity brought to her by Fondo Esperanza as it permits her to invest in her business. She mentions that the training has been fundamental to her business and to her personal development now that she has learned to organize and distribute her revenues and investments in the best fashion.

Valparaiso is located 120 kilometers Northeast of Santiago. It is the regional capital and also host of the country's legislature. It is the nation's first port and offers a variety of landmarks both beautiful and picturesque. For example, the house of Pablo Neruda, winner of the Nobel Prize, is located here.
View original language description ↓
Este Banco Comunal se llama “Emprendedores Lord Cochrane” está conformado por 18 emprendedores que se dedican al rubro del comercio, específicamente venta de ropa, trabajos en vidrio, bazar, almacén, venta de pañuelos, venta de perfumes, venta de cremas de caracol, venta de yerbas medicinales, tejido artesanal, servicios entre otros. Todos ellos pertenecientes a la ciudad de Valparaíso.
Margarita, integrante del grupo del Banco Comunal, quien en la foto se encuentra sentada en primera fila, ocupando el primer lugar de derecha a izquierda, viste pantalón de color negro, lleva puesto una chaqueta de color café y en sus piernas sostiene una cartera de color negra, su cabello es de color oscuro y lo usa suelto.
Ella se dedica al rubro de bazar surtido, como artesanía, tabaquería, prendas de vestir, esoterismo, desde hace 3 años. Comenta que trabaja de lunes a sábado y a veces los domingos cuando las ferias tienen más movimientos de gente, su horario de trabajo es de 10ºº hasta las 21ºº horas.
Su mercadería usualmente la compra en la ciudad de Santiago a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará carteras, inciensos, pañuelos, tabaco, carteras, aros, para abastecer su bazar.
Sus metas son continuar con su negocio y tener la posibilidad de tener un puesto estable para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Margarita vive con sus 2 hijos de 23 años de edad quien se prepara para entrar a servicio militar y de 19 años de edad quien se encuentra estudiando. Sus sueños a nivel familiar es tener una casa propia, para vivir con tranquilidad y darle lo mejor a sus hijos.
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.
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
  • $2,587,775
    Funds lent in using Kiva
  • 477.7
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Emprendedores Lord Cochrane Group's $5,275 loan helped a member to purchase purses, incense, scarves, tobacco, and scarves for her bazaar.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 2, 2012
Listed
Aug 16, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012