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El Remolino Group
In this Group: Jacqueline, Luis, Rosa, Edith, William, Katherine, Claudia, Oscar, Laura, Claudia, Solange, Karen, Claudia, Jacqueline, Catherine, Paola, Nancy, Pamela, Maria, Rosa
The communal bank called “El Remolino” is made up of 20 entrepreneurs who are engaged in different business, among which are sales of clothing, lingerie, novelty items, a parcels service, sales of perfume, plastic items and services, among others. All belong to Quilicura commune located in the city of Santiago.

Jacqueline is president of the communal bank and is seen in the photo standing in the first row, third from the left, wearing a gray sweater and holding a Fondo Esperanze folder in her hands. Her hair is dark brown and pulled back.

She has sold novelty items for three months. She notes that she works in a stall at the market on Fridays, Saturdays and Sundays and organizes the rest of her schedule according to convenience. She buys the merchandise and supplies she needs from distributers and stores where she finds various articles, such as perfume, creams, mugs, wristbands and socks at low cost, so that it is economically feasible.

She will use the loan to buy glasses, knives, napkins, pitchers, kebab sets and sticks for skewers. One of Jacqueline’s goals is to continue with her business and to have more merchandise and expand a little so as to generate higher earnings and thus have a better quality of life.

Jacqueline lives with her husband and three children, a 10 year-old and 9 year-old twins. She dreams of having a larger and well stocked shop in order to continue attracting more customers. She is very pleased and grateful for the opportunity provided by Fondo Esperanza because it enables her to invest in her business. She notes that the training workshops have been essential for her business and also for her personal development because she has learned how to organize and better allocate her income and investments.

Quilicura is a commune belonging to Santiago, the capital of Chile and located in the far northeast part of the metropolitan area. The origin of the name of the commune comes from Mapudungun (the language of the Mapuche): “kila,” which means “three” and “kura,” which means “stone,” so that the name Quilicura means “Three Rocks.” This is the name given by the first inhabitants of this valley in reference to the three hills which are perfectly visible and which delimit the commune.
View original language description ↓
Este Banco Comunal se llama “El Remolino” está conformado por 20 emprendedores quienes se dedican a diferentes a rubros, entre los cuales se encuentran; venta de ropa, lencería, bazar, paquetería, venta de perfumes, venta de articulos plásticos, servicios entre otros. Todos ellos pertenecientes a la comuna de Quilicura, ubicada en la ciudad de Santiago.
Jacqueline presidenta del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el tercer lugar de derecha a izquierda, viste un chaleco de color gris, en sus manos sostiene una carpeta de Fondo Esperanza, su cabello es de color castaño oscuro, lo usa tomado.
Ella se dedica al rubro de venta de bazar, desde hace 3 meses. Comenta que trabaja en un puesto en la feria, trabaja los días viernes, sábado y domingo y su horario lo distribuye de acuerdo a su disponibilidad.
La mercadería e insumos que va necesitando los compra en distribuidoras y locales donde encuentra los articulos varios como perfumes, cremas, tazones, muñequeras, calcetines a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará vasos de vidrio, cuchillos, servilletas, jarros, set para anticuchos, palos para brochetas.
Una de las metas de Jacqueline son seguir en su negocio y tener mas mercadería y agrandar un poco mas su negocio para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Jacqueline vive junto a su marido y sus 3 hijos de 10 años de edad y 2 gemelos de 9 años de edad. Sus sueños son tener su local más grande y bien surtido para seguir captando más clientela.
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
  • $2,552,775
    Funds lent in using Kiva
  • 481.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Remolino Group's $4,550 loan helped a member to buy glasses, napkins, pitchers, kebab sets and sticks for skewers.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 30, 2012
Listed
Sep 14, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013