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Cecarcon Group
In this Group: Karina, Alex, Carlos, Robinson, Ivan, Betzabe, Manuel, Jaime, Isabel, Rosa, Lidia, Luis, Rosa, Nelson, Julio, Edith, Osvaldo, Fernando, Eugenio
This Communal Bank is called Cecaron and is made up of 19 entrepreneurs who are dedicated to different trades, among which are: the sale of fried pastries, sale of school supplies, seamstress work, furniture shop, sale of empanadas, services and others. All of them belong to the city of Concepción.

Karina is the member of this communal bank who is found seated in the first row, second from the right in the photo, wearing glasses, a white polo shirt and a black sweater over it, and black pants. Her hair is dark chestnut and is worn loose.

She makes a living selling various good by traveling around her area and has done this for two months. She says that she works from Monday to Sunday and at times on Sundays her schedule has to be made based on her actual availability.

The merchandise that she needs for her sales is purchased at distributors and in storerooms where they specialize in wholesale and retail for accessories and clothing. She is able to buy at low cost, being economically convenient for her. With the credit she will buy make up, clothing and hair accessories (clips, hairbands and ponytail holders).

One of Karina's goals is installing her sales at her house in order to attend to it with more ease, offer her merchandise in a tranquil setting and at the same time be closer to her children.

Karina lives with her husband who supports and helps her in her busines, and her three children of 10, 8 and 6 years of age. Her children are all in school. Her personal dream is to be independent in her business and to install it in her house to generate greater earnings. She already is in need of more economic resources for the home because her children are growing and at the same time the need grows to give them good chances.

She is very thankful and happy with the opportunity brought by Fondo Esperanza because it has opened for her a door to work and allows her to invest in her business. She says that the trainings have been fundamental for her business and also for her personal development. She has learned to organize and distribute her earnings and investments in a better way.

Concepcion is located at the river mouth of the Biobio River, one of the country's largest, at the south of Chile in the Biobio region. It has had an important role in Chile's history, being the home of important battles and an important settlement, especially during the Arauco War, as it is located on the border with Mapuche territory. The city currently has importantant economic and demographic development, becoming one of the most important urban areas in terms of demographics, administration, finances and trade for Chile after Santiago and Valparaíso.
View original language description ↓
Este Banco Comunal se llama “Cecarcon” está conformado por 19 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de sopaipillas, venta de útiles escolares, costuras, taller de mueblería, venta de empanadas, servicios entre otros. Todos ellos pertenecientes a la ciudad de Concepción.
Karina integrante del grupo del Banco Comunal, quien en la foto se encuentra sentada en primera fila ocupando el segundo lugar de derecha a izquierda, usa lentes, viste una polera blanca y encima lleva puesto una chaqueta de color negro y un pantalón del mismo color, su cabello es de color castaño oscuro y lo usa suelto.
Ella se dedica al rubro de venta de bazar ambulante, desde hace 2 meses. Comenta que trabaja de lunes a domingo y a veces los domingos, su horario lo distribuye de acuerdo a su disponibilidad.
La mercadería que va necesitando la compra en distribuidoras y bodegas donde se especializan en vender al por mayor y menor articulos y ropa para su bazar a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará maquillaje, ropa en general, articulos para el cabello (pinches, cintillo, coles).
Una de las metas de Karina es instalar su bazar en su casa, para atender con más comodidad, ofrecer su mercadería de forma tranquila y la vez estar más cerca de sus hijos.
Karina vive junto a su esposo quien la apoya y ayuda en su negocio, y tres hijos de 10, 8 y 6 años de edad quienes se encuentran estudiando. Sus sueños a nivel personal es ser independiente en su negocio e instalarlo en su casa para generar mayores ingresos, ya que tiene la necesidad de contar con mas recursos en el hogar, por que los hijos van creciendo y al mismo tiempo crece la necesidad de darles un buen pasar.
Ella está muy agradecida y contenta de la oportunidad brindada por Fondo Esperanza, ya que le abrió una puerta laboral y 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.
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
  • $2,637,700
    Funds lent in using Kiva
  • 483.3
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Cecarcon Group's $3,150 loan helped a member to buy make up, clothing, hair accessories (clips, hairbands and ponytail holders).
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