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Estrella De David Group
In this Group: Elizabeth, Pamela, Nancy, Marisol, Jorge, Angelica, Bernarda, Liliana, Sergio, Violeta, Fresia, Sonia, Edita, Mayra, Ilsia, Valeska, Yoselyn
This communal bank is called "Estrella de David" (Star of David). It is formed by 17 entrepreneurs who work in different areas, among which are working at fairs, dressmaking, selling bath curtains, selling vegetables, selling fast food, selling firewood, and services, among other things. All the members are from the city of Osorno.

Elizabeth, a member of the communal bank group, is standing in the photograph; she is the first one going from left to right. She is wearing a dark purple jacket. Around her neck is a colored scarf, and she has a small pink purse. Her hair is dark brown and is tied back.

She works as a walking vendor. Specifically, she sells vegetables in the streets and at fairs. She has been doing this for 10 years. She comments that she works every day, but in the winter season she only works one day, which is Saturday. She offers her fresh vegetables to her customers at a fair. Her work schedule on Saturdays is from 8 am to 6 pm.

She buys the merchandise that she needs in warehouses at low cost, therefore it is economically convenient. With the loan she will buy vegetables such as peas, beans, carrots, squash, lettuce, tomatoes, celery, and cauliflower to stock her business. One of Elizabeth's goals is to continue growing day by day and to have a regular stall inside the fair and at the same time to generate more income, since she needs to have more resources for her home, because the children are growing and at the same time the need to give them a good life is growing.

Elizabeth lives with her husband and their two children, both 7 years old. Her dream at a family level is to enlarge her house so that everyone can be more comfortable.

Elizabeth is very happy and thankful for the opportunity offered by Fondo Esperanza, since it will permit her to invest in her business. She comments that the training has been essential for her business and also for her personal development, since she has learned to organize and distribute her income and investments in a better way.

Osorno is a city located in the southern region of Chile, the region of Los Lagos (The Lakes). It is an important agricultural center which is identified as "the home of milk and land of meat" of Chile. The outstanding features of its agricultural activity are the cultivation of wheat and oats, raising livestock for the production of meat and milk, and also the fabrication of agricultural equipment. Osorno is also known for the only covered soccer stadium in Chile, the Rubén Marcos Municipal Stadium.
View original language description ↓
Este Banco Comunal se llama “Estrella de David” está conformado por 17 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; feriantes, corte y confección, venta de cortinas de baño, venta de verduras, venta de comida rápida, venta de leña, servicios entre otros. Todos ellos pertenecientes a la ciudad de Osorno.
Elizabeth, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie ocupando el primer lugar de izquierda a derecha, viste una chaqueta de color lila oscuro, en su cuello lleva una bufanda de colores y usa una cartera pequeña de color rosado, su cabello es de color castaño oscuro y lo usa tomado.
Ella se dedica al comercio ambulante, específicamente venta de verduras en las calles y ferias, desde hace 10 años. Comenta que trabaja todos los días pero en la temporada de invierno solo un día que es el sábado, se ubica en una feria a ofrecer sus verduras fresquitas a su clientela. Su horario de trabajo del día sábado es de 8ºº hasta las 18ºº horas.
La mercadería que va necesitando la compra en bodegas a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará verduras como arvejas, habas, zanahoria, zapallo, lechugas, tomates, apio, coliflor, para abastecer su negocio.
Una de las metas de Elizabeth es seguir creciendo día a día, y llegar a tener un puesto estable dentro de la feria y la vez generar más ingresos, ya que tiene la necesidad de contar con más recursos en el hogar, por que los hijos van creciendo y al mismo tiempo crece la necesidad de darles un buen pasar.
Elizabeth vive junto a su marido y dos hijos de 7 años de edad cada uno. Sus sueños a nivel familiar es agrandar su casa para que todos se encuentren más cómodos.
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.
Osorno es una ciudad que se ubica en la zona sur de Chile, región de Los Lagos. Es un importante centro agropecuario que se identifica como "La Patria de la Leche y Tierra de la Carne" de Chile. Dentro de su actividad agropecuaria se destaca el cultivo de trigo y avena, la crianza de ganado, para el procesamiento de carnes y lácteos además de la fabricación de equipos agrarios.
Destaca en Osorno el único estadio de fútbol techado de Chile, el Estadio Municipal "Rubén Marcos”.




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
  • 485.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Estrella De David Group's $2,850 loan helped a member to buy vegetables such as peas, beans, carrots, squash, lettuce, tomatoes, celery, and cauliflower to stock her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2012
Listed
Aug 28, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012