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Esperanza Del Crea Group
In this Group: Cesar, Maria, Elsa, Marcela, Pablo, Kristal, Miguel, Jose, Maria, Sebastian, Maria, Jenny, Johanna, Maria, Monica, Margarita, Mauricio, Maria
This communal bank’s name is “Esperanza del Crea”. It is comprised of 18 entrepreneurs who are in a variety of lines of work among which are found selling vegetables, selling cakes, selling clothes, selling salads, cooking, a fish store, store, selling fruits and vegetables, and services, among others. All of them are from the city of Talca.

Cesar is the president of the communal bank. In the photo he is in the first person from left to right in the last row. He is wearing a blue vest and a blue sports cap. He has been selling fish for 24 years. He says that he works Fridays, Saturdays, and Sundays from 6:00 a.m. until 2:00 p.m. He has a fish stand at the fair. He buys the merchandise that he needs at the fish market, and sometimes he buys from the independent fisherman in the area.

He will use the loan to buy clams and mussels (fruits of the sea known as shellfish). One of Cesar’s goals is to continue with the business and to be able to become independent in order to stock his business by himself. He wants to do this to generate more income, to have a better quality of life, and to give his family a good life.

Cesar lives with his wife and their two children, ages 22 and 15. The children go to school. His dreams for his family are to give them the best so that they lack nothing. On a work level, his dream is to continue working for his family.

He is very happy and grateful for the opportunity given to him by Fondo Esperanza because it allows him to invest in his business. Regarding the communal bank that he is part of, he says there is a lot of responsibility and trust. Through the trainings he has learned new sales and accounting strategies.

Talca is part of the Maule region located in center of the country. It is the region's administrative, economic, and cultural center and the most important city in Chile's Central Valley. There is an interesting Chilean phrase, "Talca, París, y Londres" [Talca, Paris, London], which some say comes from misstating an English phrase "Talca looks like London," referring to fog that often shrouds Talca during the winter as it does the English capital city.
View original language description ↓
Este Banco Comunal se llama “Esperanza del Crea” está conformado por 18 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de verduras, venta de pasteles, venta de ropa, venta de ensaladas, cocinería, pescadería, almacén, venta de frutas y verduras, servicios entre otros. Todos pertenecientes a la ciudad de Talca.
Cesar, presidente del grupo del Banco Comunal, quien en la foto se encuentra en la última fila, ocupando el primer lugar de izquierda a derecha, lleva puesto un chaleco de color azul y un gorro deportivo de color azul.
El se dedica al rubro de pescadería, desde hace 24 años. Comenta que trabaja viernes, sábados y domingos, desde las 06ºº hasta las 14ºº horas, se ubica en la feria con su puesto de pescadería.
La mercadería que v necesitando la compra en el terminal pesquero y otras veces a pescadores artesanales de la zona.
Con el crédito comprará almejas y choritos (frutos del mar conocidos como mariscos).
Una de las metas de Cesar es continuar con el negocio y poder independizarse para abastecer su negocio solo, para generar mayores ingresos, así con esto optar a una mejor calidad de vida y brindarle un buen pasar a su familia.
Cesar vive junto a su esposa y 2 hijos de 22 y 15 años de edad, quienes se encuentran estudiando. Sus sueños a nivel familiar son darles a su familia lo mejor para que no les falta nada, y a nivel laboral seguir trabajando para su familia.
El se encuentra muy contento y agradecido de la oportunidad brindada por Fondo Esperanza, ya que le permitirá invertir en su negocio. Respecto al grupo del Banco Comunal del cual forma parte, comenta que existe mucha responsabilidad y confianza. Por otro lado las capacitaciones, le han servido para aprender nuevas estrategias de venta y contabilidad.
Talca pertenece a la región del Maule, ubicada en la zona centro del país. Constituye el centro administrativo, económico y cultural de la región, siendo la ciudad más importante del Valle Central chileno. Sobre Talca existe una curiosa referencia en Chile, la frase "Talca, París, y Londres". Entre los mitos al respecto, algunos dicen que es una derivación de la originalmente dicha por un inglés "Talca parece Londres", por la abundante neblina que cubre frecuentemente la ciudad en la temporada invernal, a semejanza de la capital del Reino Unido.

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 Esperanza Del Crea Group's $3,800 loan helped a member to buy clams and mussels (fruits of the sea known as shellfish).
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jul 30, 2012
Listed
Aug 17, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012