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Cecarcon 2 Group
In this Group: Teorinda, Damaris, Daniel, Clara, Cinthya, Luz, Jessica, Susana, Cecilia, Juana, Doris, Erika, Edita, Jacqueline, Nicol, Sandra, Norma, Sandra, Marcela, Doris, Jose, Delia
This communal bank is called "Cecarcon." It consists of 22 entrepreneurs who work in different businesses, among which are working at fairs, selling clothing, fast food, selling humitas (a traditional steam-cooked ground corn dish), selling handicrafts, selling plastic products, and services, among others. All the members are from the city of Concepción.

Teorinda, a member of the communal bank, is standing at the back of the group in the photo. She is in the third position, going from left to right. She is wearing a lilac-colored jacket and big hoop earrings. Her hair is short and worn loose, and it is light brown. She has been working in the area of clothing sales for eight months. She comments that she works from Monday to Sunday in her home. Other times she goes out to offer her merchandise outside of her home. Her working schedule depends on her availability.

She buys the merchandise that she needs for her business at low cost in various stores and clothing distributors in the city of Santiago, thus it is economically convenient. With the loan she will buy T-shirts, dresses, skirts, and clothing for the summer season. One of Teorinda's goals to set up a space in her house to arrange a bazaar for her clothing sales in order to attend to her customers in a more peaceful and comfortable manner, and in this way generate greater income for her family.

Teorinda lives with her two children, a granddaughter, and a nephew who are in her care and two brothers whom she also cares for since they are disabled. She is very happy and appreciative of the opportunity offered by Fondo Esperanza, since it will allow her to invest in her business. With respect to the communal bank group of which she is a part, she comments that there is very good communication in it. In addition, the training has served her to learn new strategies for sales and accounting.

Concepción is located at the mouth of the Biobio river, one of the largest in the country, in the south of Chile in the Biobio region. It has had an important function in Chilean history, being the site of important battles and relevant settlements, especially during the Arauco War, because of being on the border of the Mapuche territory. Now the city has important economic and demographic development, having come to be considered one of the urban, demographic, administrative, financial, and commercial centers of Chile, after Santiago and Valparaíso.
View original language description ↓
Este Banco Comunal se llama “Cecarcon” está conformado por 22 emprendedores, quienes se dedican a diferentes rubros entre los cuales se encuentran; feriantes, venta de ropa, comida rápida, venta de humitas, ventas de artesanía, venta de productos plásticos, servicios entre otros. Todos ellos pertenecientes a la ciudad de Concepción.
Teorinda integrante del Banco Comunal, quien en la foto se encuentra de pie hacia el fondo del grupo, ocupando el tercer lugar de izquierda a derecha, viste una chaqueta de color lila, usa aros grandes, su cabello lo usa corto y suelto es de color castaño claro.
Ella se dedica al rubro de venta de ropa, desde hace 8 años. Comenta que trabaja de lunes a domingo en su casa, otras veces sale a ofrecer su mercadería fuera de su casa, su horario de trabajo es de acuerdo a su disponibilidad.
La mercadería que va necesitando para su negocio, la compra en l a ciudad de Santiago en diferentes tiendas y distribuidoras de ropa a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará poleras, vestidos, faldas, ropa para grandes y chicos.
Una de las metas de Teorinda es habilitar un espacio en su casa para colocar un bazar con su venta de ropa para atender a su clientela de forma más tranquila y cómoda, así con esto generar mayores ingresos para su familia.
Teorinda vive junto a su 2 hijos, una nieta y sobrino que lo tiene a su cuidado y 2 hermanos que también cuida ya que son inválidos.
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 la s capacitaciones, le han servido para aprender nuevas estrategias de venta y contabilidad.
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

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 476.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Cecarcon 2 Group's $3,850 loan helped a member comprará poleras, vestidos, faldas, ropa para grandes y chicos.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 31, 2012
Listed
Sep 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013