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Feria Persa Loncomilla Group
In this Group: Jose, Hector, Maria, Marcelo, Yesica, Alicia, Juan, Liliana, Anyela, Pamela, Carlos, Patricia, Sandra, Maria, Natividad, Lorenzo, Barbara, Elisabeth, Dayana, Maria, Maria
This communal bank is called, “Feria Persa Loncomilla,” and is made up of 21 entrepreneurs who work in different lines of work, such as street market vendors, sales of clothing, electronic items, tools, accessories, used furniture, household appliances, as well as services. All of them are from the city of San Javier.

Orlando is is a member of the communal bank group. He is seen in the photo, crouching in the first row, occupying the first position from left to right, and wearing blue-coloured pants and blue jacket with white sleeves. His hair is dark, and he wears it short.

His line of work is selling firewood and charcoal. He carries on other businesses as well, such as transport and the sale of plastic items, and he has a furniture workshop. He has been selling firewood and charcoal for five years.

He says that he works every day. He sells the plastic items in street markets. He has his furniture workshop in his home and does freight jobs when a customer requests it, whether outside the city or inside of it. He arranges his schedule according to his availability.

Merchandise such as plastic items, he buys in the city of Santiago at good prices, and the rest he buys in the city of San Javier.

With the loan, he will buy merchandise, specifically various accessories such as wall clocks and plastic mugs.

One of Orlando's goals is to continue working to generate greater income; to enjoy life, as it is very short, and to give the best to his wife and granddaughter.

Orlando lives with his wife, 13-year-old granddaughter, his son who works as a seasonal worker, and an aunt. His dream at the family level is to leave his granddaughter well set up for the foreseeable future.

He is very happy and grateful for the the opportunity offered by Fondo Esperanza, as it will allow him to invest in his business. With respect to the communal bank group he belongs to, he says that there is very good communication among the members. Moreover, The training has enabled him to learn new sales strategies, as well as accounting.

San Javier is a city and commune in the central area of Chile, and is part of the Maule region. It is primarily known for wine-growing. The local vineyards are part of the area known as Valle del Loncomilla, from which come some of the best Chilean wines: Viña Carolina, Viña Gillmore and others.
View original language description ↓
Este Banco Comunal se llama “ Feria persa Loncomilla” está conformado por 21 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; feriantes, venta de ropa, artículos electrónicos, venta de herramientas, venta de accesorios, ventas de muebles usados, venta de artículos de línea blanca usados, servicios entre otros. Todos ellos pertenecientes a la ciudad de San Javier.
Orlando, integrante del grupo del Banco Comunal, quien en la foto se encuentra en cuclillas en primera fila, ocupando el primer lugar de izquierda a derecha, viste un pantalón de color azul y lleva puesta una chaqueta de color azul con mangas de color blanco, su cabello es oscuro y lo usa corto.
El se dedica al rubro de venta de leña y carbón, además se desempeña en otros rubros como transporte, venta de artículos plásticos y a un taller de muebles, se dedica al rubro de venta de leña y carbón desde hace 5 años. Comenta que trabaja todos los días, los artículos plásticos los vende en las ferias libres, su taller de muebles lo tiene en su casa, y los fletes los realiza cuando algún cliente lo solicita ya sea fuera de la cuidad o dentro de ésta, su horario lo distribuye de acuerdo a su disponibilidad.
Su mercadería como los artículos de plásticos, los compra en la ciudad de Santiago a precios convenientes, y lo demás lo compra dentro de la ciudad de San Javier.
Con el crédito comprará específicamente accesorios varios como relojes murales, jarros plásticos, clavos.
Una de las metas de Orlando es continuar con el trabajo para generar mayores ingresos, y disfrutar de la vida ya que es muy corta, y darle lo mejor a su esposa y nieta.
Orlando vive junto a su esposa, nieta de 13 años de edad, su hijo quien trabaja como temporero y una tía. Sus sueños a nivel familiar es dejar a su nieta bien consolidada para un futuro no muy lejano.
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 en éste existe muy buena comunicación. Por otro lado las capacitaciones, le han servido para aprender nuevas estrategias de venta y contabilidad.
San Javier es una comuna y ciudad de la zona central de Chile, perteneciente a la región del Maule. Se caracteriza por ser una zona esencialmente vitivinícola. Los viñedos locales pertenecen a la zona denominada Valle del Loncomilla, de donde provienen algunos de los mejores vinos chilenos, Viña Carolina y Viña Gillmore, entre otras.

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 Feria Persa Loncomilla Group's $4,175 loan helped a member comprará específicamente accesorios varios como relojes murales, jarros plásticos, clavos.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 3, 2012
Listed
Aug 20, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012