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Valle Del Sol Group
In this Group: Rosa, Marcela, Nolberto, Rafael, Melissa, Carolina, Olga, Ana, Sonia, Rosa, Ana, Maritza, Marlene, Ana, Marta, Luzgarda, Erna, Luisa
This communal bank, Valle del Sol, is made up of 18 entrepreneurs who work in various areas, including clothing sales, handicrafts, leather goods, tailoring, textiles, and services, among others. All of them are from the city of Concepción.

Rosa is a member of the communal bank group. In the photo she's standing in the back in front of the balloons, in the fourth place from the left. She's wearing black and has long, dark hair that she wears loose.

She has worked for four months in the area of gifts, selling wool, clasps, and fabric. She says she works in her home Monday through Saturday from 10 a.m. until 8 p.m. Her mother also works with her. She buys the merchandise and supplies she needs in wool fabrics in gift shops, places where she finds lace (an ornamental and transparent fabric that is handmade and decorated with embroidery).

With the loan she will buy fabric, lace, and wool.

One of Rosa's goals is to expand her place with a greater variety of wool, to do more embossing, and for her embossing and embroidery machines to have a lot of space, so she can generate more income.

Rosa lives with her husband and two children, 15 and 2. Her dreams for her job and her family are to have a big workshop for her mother and to sell all brands and colors of wool.

She's very happy about and grateful for the opportunity offered by Fondo Esperanza, because the loan will allow her to invest in her business. In addition, she's comfortable with her communal bank group, which motivates her to continue contributing to the institution. She also comments that the trainings given in the meetings have helped her invest better in her business.

Concepción is located at the mouth of the Biobío River, one of the largest rivers in the country, in the south of Chile in the Biobío region. It has had an important role in our history, being the site of important battles and a notable settlement, especially during the Arauco War, because it's on the border of Mapuche territory. Currently the city has important economic and demographic development and is coming to be considered one of the most notable urban, demographic, administrative, financial, and commercial centers of Chile, after Santiago and Valparaíso.
View original language description ↓
Este Banco Comunal se llama “Valle del Sol” está conformado por 18 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de ropa, manualidades, marroquinería, confección, tejidos, servicios entre otros. Todos ellos pertenecientes a la ciudad de Concepción.
Rosa integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie hacia el fono delante de los globos ocupando el cuarto lugar de izquierda a derecha, viste de color negro su cabello es de color oscuro, largo y lo usa suelto.
Ella se dedica al rubro de bazar paquetería donde vende lanas, cierres, telas, desde hace 4 meses. Comenta que trabaja en su casa de lunes a sábado de 10ºº hasta las 20ºº horas, su madre también trabaja con ella.
La mercadería e insumos que va necesitando los compra en textiles de lana, paqueterías, locales donde encuentra encajes (tejido ornamental y transparente que se hace a mano y se adorna con bordados).
Con el crédito comprará telas, blondas y lanas.
Una de las metas de Rosa es ampliar su local con más variedad de lanas y realizar más estampados y que sus maquinas de estampado y bordado tengan un buen espacio, para generar mayores ingresos.
Rosa vive junto a su esposo y dos hijos de 15 y 2 años de edad. Sus sueños a nivel laboral y familiar son tener un taller grande para su madre, y vender lanas de todas las marcas y colores.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo Esperanza, ya que el crédito le permitirá invertir en su negocio. Ademas se siente cómoda con el grupo del Banco Comunal del cual forma parte, lo cual la motiva a seguir participando en la institución. Comenta además que las capacitaciones impartidas en las reuniones le han servido para invertir mejor en su negocio.
Concepción, está asentada en la desembocadura del río Biobío, uno de los más grandes del país, al sur de Chile, en la región del Bíobío. Ha tenido una importante función en nuestra historia, siendo sede de importantes batallas y asentamiento relevante, especialmente durante la Guerra de Arauco, por estar en la frontera con territorio mapuche. Actualmente la ciudad posee un importante desarrollo económico y demográfico, llegando a ser considerada como uno de los núcleos urbanos, demográfico, administrativo, financiero y comercial más relevantes de Chile, después de Santiago y Valparaíso.


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
  • $2,552,775
    Funds lent in using Kiva
  • 483.3
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Valle Del Sol Group's $3,425 loan helped a member to buy fabric, lace, and wool.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 8, 2012
Listed
Sep 5, 2012
Currency Exchange Loss:
Possible
Ended:
Dec 15, 2012