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La Esperanza Ii Group
In this Group: Katherine, Irma, Carla, Leonides, Denise, Lidia, Susana, German, Jorge , Delfina, Miguel, Lorena, Fernanda, Luz, Cecilia
This communal bank is called “La Esperanza II” (Hope II); it’s composed of 15 entrepreneurs who work in a variety of lines of work among which there are stores, clothing sales, bookstore, plastics sales, bread sales, jewelry sales and services, among others. All of them live in the city of Talca.

Katherine is a member of this communal bank and in the photo she’s standing in the front row first from right to left. She’s wearing a black jacket and her hair is dark brown and she wears it loose; she’s also wearing a pair of white pearl earrings.

She sells second-hand, used clothes. She’s been in business six years and she comments that she works Saturdays and Sundays from 8am until 1pm because during the week she cares for her youngest son. She sets up in the free street markets and she sells clothes for both adults and children. The merchandise she needs she buys in the city of Santiago from various suppliers where bundles of clothing can be had for low cost which is an economic advantage. She will use the loan to buy bundles of mixed clothes to stock her business.

One of Katherine’s business goals is to make it grow and to perhaps be able to open a store at home to sell her wares there more comfortably. Katherine lives with her two children who are 20 and 1 year old. Her oldest son is employed. Her dream at the work level is to have a home-based business to generate higher income and provide better quality of life for her children.

She is very happy and grateful for the opportunity Fondo Esperanza is giving her because it will allow her to invest in her business. With respect to the communal bank group she’s part of she comments that very good communication exists among them. On the other hand, the training sessions have been useful to learn new sales and bookkeeping strategies.

Talca is part of the Maule region located in the center of the country. It’s the administrative, economic and cultural center of the region; it’s the most important city in the Chilean central valley. A curious phrase exists in Chile referring to Talca: “Talca, Paris y Londres.” Among the myths explaining it some say it comes from something originally said by an Englishman: “Talca parece Londres,” because of the abundant fog that frequently blankets the city in winter similar to what happens in the capital of the United Kingdom.
View original language description ↓
Este Banco Comunal se llama “La Esperanza II” está conformado por 15 emprendedores, quienes se dedican a diferentes rubros, entre los cuales se encuentran; almacén, venta de ropa, librería, venta de plásticos, venta de pan, venta de joyas, servicio entre otros. Todos ellos pertenecientes a la ciudad de Talca.
Katherine integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el primer lugar de derecha a izquierda, viste una chaqueta de color negro, su cabello es de color castaño oscuro y lo usa tomado, luce unos aros de perla color blancos.
Ella se dedica al rubro de venta de ropa de segunda mano, desde hace 6 años. Comenta que trabaja los sábados y domingos de 8ºº a 13ºº horas ya que en la semana se dedica a su casa y a su hijo más pequeño, se ubica en las ferias libres, su ropa abarca a grandes y chicos.
La mercadería que va necesitando para su negocio la compra en la ciudad de Santiago en distintas distribuidoras donde encuentra fardos a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará fardos de ropa mixta para abastecer su negocio.
Una de las metas de Katherine es crecer en su rubro, y tener la posibilidad de colocar un bazar en su casa donde pueda ofrecer su mercadería a su clientela de manera tranquila.
Katherine vive junto a sus 2 hijos de 20 y 1 años de edad, su hijo mayor se encuentra trabajando. Sus sueños a nivel laboral es tener su negocio en su casa para generar mayores ingresos y darle una mejor calidad de vida a sus hijos.
Ella se encuentra muy contenta y agradecida de la oportunidad brindada por Fondo Esperanza, ya que le permitirá invertir en su negocio. Respecto al grupo del Banco Comunal del cual forma parte, comenta que en éste existe muy buena comunicación. Por otro lado las capacitaciones, le han servido para aprender nuevas estrategias de venta y contabilidad.
Talca pertenece a la región del Maule, ubicada en la zona centro del país. Constituye el centro administrativo, económico y cultural de la región, siendo la ciudad más importante del Valle Central chileno. Sobre Talca existe una curiosa referencia en Chile, la frase "Talca, París, y Londres". Entre los mitos al respecto, algunos dicen que es una derivación de la originalmente dicha por un inglés "Talca parece Londres", por la abundante neblina que cubre frecuentemente la ciudad en la temporada invernal, a semejanza de la capital del Reino Unido.



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
  • 469.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Esperanza Ii Group's $3,100 loan helped a member to buy bundles of assorted clothing to stock her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 10, 2012
Listed
Sep 25, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013