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Los Conquistadores Group
In this Group: Johana, Maria, Roberto, Viviana, Maria, Elvira, Delia, Enriqueta, Mario, Estela , Vanessa, Francesca, Wilson, Olga, Veronica, Ana, Berta, Alejandra, Oscar
This communal bank “Los Conquistadores” [The Conquerers] comprises 19 entrepreneurs dedicated to different professions including: making wood handicrafts; running a stall or grocery store; dressmaking; selling dough; making chocolates; selling tools and parts, and other services. All the members live in the community of Recoleta, located in the city of Santiago.

Johana, president of the communal bank, is seen in the photo in the second position from left to right in the front row, wearing a blue polo with her brown hair worn down. For the past year, she has been selling dough and fried pastries. She makes the products at her home and sells them to businesses located nearby. She works Monday to Saturday on a flexible schedule.

She purchases needed merchandise and supplies in the central market (wholesale and retail fruit and foods market) at low cost to generate higher profits. With the loan, she will buy a stove and supplies such as dough, oil, bags, napkins, garlic, mustard, mayonaise, ketchup, and cheese. One of Johana's goals is to have a local grocery store and continue to sell her fried pastries so that she can earn more income and have a better life. Johana lives with her husband and two children ages 13 and 4. Her personal dream is to have her own home because she now lives in her parents' home and would like to have more privacy for her family.

She is happy and grateful for the opportunity offered by Fondo Esperanza, since it allow her to invest in her business. She says that training has been crucial for her business and personal development, and she has learned to organize, spend her income, and invest better..Recoleta is one of 34 communities in Santiago (the capital of Chile) and is located in the central north section of the Santiago metropolitan area. It has a lively business section, including the Patronato area, which at first was home to many Arab business people and now has many Korean business owners.
View original language description ↓
Este Banco Comunal se llama “Los Conquistadores” está conformado por 19 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; artesanía en madera, bazar, costuras, almacén, venta de pan amasado, chocolatería, feriantes, venta de herramientas, venta de completos, abarrotes, servicios entre otros. Todos ellos pertenecientes a la comuna de Recoleta, ubicada en la ciudad de Santiago.
Johana, presidenta del grupo del Banco Comunal, quien en la foto se encuentra de pie al fondo del grupo, ocupando el segundo lugar de izquierda a derecha, lleva puesto una polera de color celeste, su cabello lo usa tomado y es de color castaño oscuro.
Ella se dedica al rubro de venta de masas y frituras, desde hace 1 año. Comenta que se desempeña desde su casa vendiendo a las empresas que se ubican frente de su hogar, trabaja de lunes a sábado y su horario lo distribuye de acuerdo a su disponibilidad.
La mercadería e insumos que va necesitando los compra en la vega central (mercado de alimentos y frutas al por mayor y menor) a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará un fogón y mercadería como masas, aceites, bolsas, servilletas, ají, mostaza, mayonesa, kétchup, aceite y queso.
Una de las metas de Johana es tener un local donde venda abarrotes y a la vez continuar con su negocio de frituras, para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Johana vive junto a su marido y sus 2 hijos de 13 y 4 años de edad. Sus sueños a nivel personal es tener su casa propia ya que por ahora vive en la casa de sus padres, y desea tener su privacidad con su familia.
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.
Recoleta es una de las 34 comunas de Santiago (capital de Chile) y se encuentra ubicada en el sector centro-norte del Santiago, región metropolitana. Cuenta con un activo comercio, destacando el barrio comercial de Patronato que ha acogido principalmente a comerciantes árabes (en un principio) y coreanos (en la actualidad).



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

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 484.9
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Los Conquistadores Group's $4,975 loan helped a member to buy a stove and supplies such as dough, oil, bags, napkins, garlic, mustard, mayonaise, ketchup, and cheese.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2012
Listed
Aug 26, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012