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La Rinconada Group
In this Group: Veronica, Marianela, Alejandra, Clodomira, Marlene, Margarita, Mario, Fabiola, Sandra, Daiyan, Patricia, Flor, Jacqueline, Sandra, Debora, Delicia, Maria, Feliza
This communal bank is called "La Rinconada." It is made up of 18 entrepreneurs who work in different fields. Included among them are cheese sales, clothing sales, outdoor market vending, flour sales, bread sales, wheat coffee sales, neighborhood grocery store operation, landscaping, hot dog and french fry sales, providing services, and others. All of the members are residents of the city of Concepción.

Veronica, the president of the communal bank, can be found in the photo sitting in the front row, in the first position from left to right. She is wearing a blue shirt and glasses and she wears her light-brown hair short.

For the past four months, Veronica has worked selling baked goods. She makes cakes, "calzones rotos" [fried dough dusted with powdered sugar], sopaipillas [another fried pastry], lemon pie, and rolls.

She says that she works from Monday to Friday in her house on her own schedule. She distributes the pastries according to their availability.

She buys the ingredients and supplies that she needs for her business in supermarkets, distributors, and shops where she finds incidentals that she needs to sell her pastries.

With the loan, she will buy flour, oil, margarine, yeast, bags, and shredded coconut.

Veronica's goals are to continue in her field, to keep selling to businesses, and to perfect her ability to make other products, so that she can aim for a better income and quality of life.

Veronica lives together with her husband, two daughters who are 18 and 13 years old, and her little one-year-old grandson. Her work-related dream is to have a bigger kitchen, and to enlarge their house.

She feels very happy and grateful for the opportunity given by Fondo Esperanza, since it will allow her to invest in her business. Regarding the communal banking group that she belongs to, she says that they have very good communication. In addition, the training has been useful for learning new sales and accounting strategies.

Concepción is situated at the mouth of the Bíobío River, one of the largest rivers in the country, in the Bíobío region of southern Chile. Concepción has had an important role in Chile's history; it was the site of important battles and significant settlements, especially during the Arauco War, because of its location on the frontier of Mapuche territory. Currently, the city is home to important economic and demographic development, now being considered one of Chile's most important urban, demographic, administrative, financial, and commercial centers, after Santiago and Valparaíso.
View original language description ↓
Este Banco Comunal se llama “La Rinconada” está conformado por 18 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de quesillo, venta de ropa, feriantes, venta de harina, venta de pan, venta de café de trigo, almacén, jardinería, venta completos y papas fritas, servicios entre otros. Todos ellos pertenecientes a la ciudad de Concepción.
Veronica, presidenta del grupo del Banco Comunal, quien en la foto se encuentra sentada en primera fila, ocupando el primer lugar de izquierda a derecha, viste una polera de color celeste, usa anteojos, su cabello lo usa corto y es de color castaño claro.
Ella se dedica al rubro de ventas de masa dulces realizando queques, calzones rotos, sopaipillas, pie de limón y pan amasado, desde hace 4 meses. Comenta que trabaja de lunes a viernes en su casa, y su horario lo distribuye de acuerdo a su disponibilidad.
La mercadería e insumos que va necesitando para su negocio las compra en supermercados, distribuidoras y locales donde encuentra accesorios para la venta de sus masas.
Con el crédito comprará harina, aceite, margarina, levadura, bolsas, coco rallado.
Una de las metas de Veronica es seguir con su rubro y seguir vendiendo a Empresas y perfeccionarse para hacer otros productos, así optar a mayores ingresos y calidad de vida.
Veronica vive junto a su esposo dos hijas de 18 y 13 años de edad y su pequeño nieto de un año de edad. Sus sueños a nivel laboral es tener una cocina más amplia y agrandar su casa.
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.
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
  • 470.3
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Rinconada Group's $3,500 loan helped a member to buy flour, oil, margarine, yeast, bags, and shredded coconut.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 14, 2012
Listed
Sep 27, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013