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La Maquina Del Esfuerzo Group
In this Group: Nelly, Maria, Stephanie, Alma, Gloria, Nidia, Maria, Carlos, Nivaldo, Orlando, Nicolas, Ana, Denisse, Alejandro, Jose, Pamela
“La maquina del Esfuerzo” (The Efforts Machine) is a Communal Bank composed of 16 entrepreneurs who engage in different activities, such as running a bazaar, selling bangs, running a cake shop, selling birthday and christening items, selling products for babies, selling lingerie, running a hairdresser’s shop, selling empanadas (meat pies) and providing general services. They all live in the community of San Bernardo, located in the town of Santiago.
Nelly is the secretary of the Communal Bank; in the picture she is the first person standing from left to right, she wears a light blue T-shirt and a lilac vest and she wears her dark hair down.
Nelly has been selling berlines for 2 years (berlines are a Chilean doughnuts sold especially during the winter, consisting in a spongy dough fried in oil or cooked in the oven and filled with custard cream, dulce de leche and jam). She says she sells her doughnuts in the fair on Saturdays and Sunday, working together with her husband and setting their working hours according to her availability.
She buys the doughnuts in a bakery that sells them at wholesale prices: it is economically good for her as she can profit from their low prices because she is known in the bakery.
The loan she is requesting will be invested in the purchase of doughnuts to stock up her inventory.
One of Nelly’s dreams is to own an established locale in the fair where to sell toys as well as her doughnuts in a more comfortable environment for her customers; this would help her increase her income in order to reach a better standard of living.
Nelly lives with her husband and their four children aged 15, 11, 6 and 4. Her personal and professional dreams include keeping on progressing on a daily basis and succeeding in earning a better income in order to offer the best to her children and to pay for their education.
She is very happy about and feels deeply grateful to the chance she has been offered by Fondo Esperanza as this will allow her in to invest in her activity. She says that the seminars have been crucial both for her activity and for her personal growth, as she has learned how to better organize and distribute her income and investments.
San Bernardo is a city that is located 18 kilometers due south from the Plaza de Armas in Santiago (the Chilean capital). It is known as the folklore capital since the International Folklore Festival is held there every January. This event highlights the various ethnic groups of the country and musical groups from all over South America gather there. Chilean artisans, as well as those from other countries nearby, also participate in the Traditional Craft Fair. In the month of April, an event called "Abril Cuecas Mil" celebrates the "cueca" (a traditional Chilean dance) throughout the entire community.
View original language description ↓
Este Banco Comunal se llama “La maquina el Esfuerzo” está conformado por 16 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; bazar, venta de bolsos, pastelería, articulos de cumpleaños y bautizo, articulos de bebes, lencería, peluquería, venta de empanadas, servicios entre otros. Todos ellos pertenecientes a la comuna de San Bernardo, ubicada en la ciudad de Santiago.
Nelly secretaria del grupo del Banco Comunal, quien en la foto se encuentra de pie, ocupando el primer lugar de izquierda a derecha, viste una polera de color azul y encima lleva un chaleco de color lila, su cabello es de color oscuro y lo usa tomado.
Ella se dedica al rubro de venta de Berlines (Los Berlines es un dulce Chileno muy vendido en invierno, son rellenos con crema pastelera, manjar y mermelada, es una masa esponjosa frita en aceite o al horno), desde hace 2 años. Comenta que trabaja vendiendo sus berlines en la feria los días sábado y domingo, junto con su marido, y su horario de trabajo lo distribuye de acuerdo a su disponibilidad.
La mercadería la compra en una panadería donde compra los berlines por mayor, tiene la posibilidad de comprarlos a bajo costo ya que la conocen y por lo tanto es conveniente económicamente.
Con el crédito comprará solo berlines para abastecer su negocio.
Una de las metas de Nelly son tener un local estable en la feria y poder vender juguetes y ofrece sus berlines mas cómodamente a su clientela, para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Nelly vive junto a su esposo, y sus cuatro hijos de 15, 11, 6 y 4 años de edad. Sus sueños a nivel laboral y familiar son seguir creciendo día a día, lograr tener más ingresos para darle lo mejor a sus hijos en los estudios.
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.
San Bernardo es una ciudad, ubicada a 18 km. en línea recta hacia el sur desde la plaza de armas de Santiago (capital de Chile). Es conocida como la capital del folklore, debido a que cada año, en enero, se realiza el "Festival Internacional del Folklore", un evento en el que las raíces del país se dan cita y se reúnen agrupaciones musicales de toda Sudamérica. También se desarrolla la "Feria de Artesanía Tradicional", en la que participan tanto artesanos chilenos como de otros países cercanos. Luego en abril se realiza el evento “Abril cuecas Mil” que consiste en hacer bailar cueca (baile tradicional chileno) a toda 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
  • 485.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Maquina Del Esfuerzo Group's $3,150 loan helped a member to buy doughnuts to stock up her inventory.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 13, 2012
Listed
Sep 6, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012