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Banco Fe Group
In this Group: Maria, Nora, Marisol, Natalia, Silvana, Paula, Patricia, Amelia, Marley, Jose, Ester, Maria, Myriam, Luz, Yanina, Sylvia, Cecilia, Jeniffer
This communal bank is called “Banco Fe”. It is made up of 18 entrepreneurs who work in different areas. Among these are kiosks, market sellers, clothes sellers, making school uniforms, selling bread, selling eggs, selling artisanal crafts, selling chocolates, service providers and more. All of them belong to the Quilicura community, located in the city of Santiago.

Maria is a delegate of the communal bank. In the photo she is seated in the first row first from the left. he is wearing a light purple jacket and in her hands is a Fondo Esperanza file. Her hair is light colored and she wears it short.

She sells new clothing. She has been doing this for 7 months. She says that she works door to door on Mondays, Tuesdays, Thurdays and Fridays. On Wednesdays, Saturdays and Sundays she has a locale at the market. She sets her schedule according to availablilty, since she has to care for her little granddaughter.

She buys the merchandise she needs from distributors and locales where there is low cost clothing so that it is financially convneient. With the loan, she will buy towels, sheets, kitchen cloths, sweat socks (of warm fabric), and t-shirts.

One of Maria's goals is to grow as a micro-businesswoman. She has a well stocked business to make more income and thus have a better quality of life. Maria lives with her 2 children, aged 15 and 10 and a 5 year old granddaughter. Her dreams for her family are to have a good situation to give a good life to her children and her granddaughter. Her work goals are to keep working to buy more merchandise and be able to have a stable locale at the market.

She is very happy and grateful for the opportunity offered by the Fondo Esperanza, since it will allow her to invest in her business. She remarks that the trainings have been fundamental for her business and also for her personal development. She has learned to organize and distribute her income and investments in a better way.

Quilicura is a community that belongs to Santiago, the capital of Chile, located in the extreme northeast of the metropolitan region. The origin of the community's name comes from Mapudungun (the Mapuche language). "Kila", means "three" and "kura" means “rock”. From this is can be deduced that the name Quilicura means "three rocks", the name given by the first inhabitants of this valley, referring to the three perfectly vivisble mountains that surround the community.
View original language description ↓
Este Banco Comunal se llama “ Banco Fe” está conformado por 18 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; kioscos, feriantes, venta de ropa, confección de uniformes escolares, venta de pan amasado, venta de huevos, artesanía, venta de chocolates, servicios entre otros. Todos ellos pertenecientes al comuna de Quilicura, ubicada en la ciudad de Santiago.
Maria, delegada del grupo del Banco Comunal, quien en la foto se encuentra sentada en primera fila, ocupando el primer lugar de izquierda a derecha, viste una chaqueta de color lila, en sus manos sostiene una carpeta de Fondo Esperanza, su cabello es de color claro y lo usa corto.
Ella se dedica a la venta de ropa nueva surtida, se desempeña en su rubro desde hace 7 meses. Comenta que trabaja de puerta en puerta los días lunes, martes, jueves y viernes, y los días miércoles, sábado y domingo se ubica en un puesto en la feria, su horario de trabajo lo distribuye de acuerdo a su disponibilidad, ya que tiene a su cuidado su nieta pequeña.
La mercadería que va necesitando la compra en distribuidoras y locales donde encuentra la ropa a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará toalla, sabanas, paño de cocina, calcetas de polar (tela abrigadora), camisetas.
Una de las metas de Maria es surgir como microempresaria, tener un negocio bien surtido para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Maria vive junto a sus 2 hijos de 15 y 10 años de edad y una nieta de 5 años de edad. Sus sueños a nivel familiar es tener una buena situación para darles un buen pasar a sus hijos y nieta, y a nivel laboral es seguir trabajando para comprar más mercadería y poder tener un puesto estable en la feria.
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.
Quilicura es una comuna perteneciente a Santiago, capital de Chile, ubicada en el extremo noroeste de región metropolitana. El origen del nombre de la comuna viene del mapudungun (lengua mapuche): "kila", que significa “tres” y "kura" que significa “piedra”, por lo que se deduce que el nombre de Quilicura equivale a "tres piedras", como el nombre que le dieron los primeros habitantes de este valle en referencia a los tres cerros que son perfectamente visibles y que delimitan la comuna.

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
  • 484.9
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Banco Fe Group's $3,600 loan helped a member to buy towels, sheets, kitchen cloths, sweat socks (made of warm fabric) and t-shirts.
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