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Margarita
Margarita is part of the communal bank "Forjadoras de sueños", belonging to the city of Rancagua. She sells pastries, specifically sopaipillas [fried pastries] and pies, for six years. She says she works from home and sometimes goes out to sell her products to the city center with her cart. One of her children accompanies her. Her schedule is Monday to Saturday from 4:00 pm to 9:00 pm. She buys merchandise in supermarkets where she finds products to elaborate her pastries at low cost, therefore economically convenient.

With the loan she will buy flour, pumpkin, eggs, and oil to stock her business. One of Margarita's goals is to continue with her work so she can repair her home and have a better quality of life with her children. Margarita lives with her three children, two twins who are 14 years old and one who is 16 years old, all of them are studying. Her dreams in a work level are to buy a "sobador" [a machine used to stretch the dough] and a stirring machine [to stir the dough]. In a personal level, she wants to provide a better quality of life to her family.

She is very happy and grateful for the opportunity provided by Fondo Esperanza, because it allowed her to invest in her business. Also, she feels comfortable with the company of other entrepreneurs in the communal bank's group, because they share different activities and interests, which she also uses as a moment of entertainment. Regarding the training given in the meetings, she learned to manage better her business.

Rancagua belongs to the Libertador Bernardo O'Higgins area. It is a modern city that regulates the main process of production and exportation of fruits, vegetables and wine in Chile. It's also a mining city, because in its mountain range there is the largest underground mine in the world called "El Teniente", with 4,500 km of tunnels.
View original language description ↓
Margarita forma parte del Banco Comunal “Forjadoras de sueños” perteneciente a la ciudad de Rancagua.
Ella se dedica a la venta de masas, específicamente en sopaipillas y empanadas, desde hace 6 años. Comenta que trabaja desde su casa y algunas veces sale a vender sus productos a el centro de la ciudad en su carrito, la acompaña uno de sus hijos, su horario es de lunes a sábado de 16ºº a 21ºº horas.
Su mercadería la compra en supermercados donde encuentra sus productos para la elaboración de sus masas a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará harina, zapallo, huevos, aceites para abastecer su negocio.
Una de las metas de Margarita es seguir con su rubro para poder arreglar su casa y tener una mejor calidad de vida junto a sus hijos.
Margarita vive junto a sus 3 hijos, unos gemelos de 14 años de edad y uno de 16 años de edad, quienes se encuentran estudiando. Sus sueños a nivel laboral es poder comprar una sobador (es una máquina utilizada para el estirado de la masa) y revolvedora (revolvedora de masas) y a nivel personal son brindarles a su familia una mejor calidad de vida.
Ella está muy contenta y agradecida de la oportunidad que le ha brindado Fondo Esperanza, ya que le ha permitido invertir en su negocio. Además se siente muy cómoda con la compañía de las demás emprendedoras del grupo del Banco Comunal, ya que comparten diferentes actividades, intereses, lo cual también le ha servido como un momento de distracción. Respecto a las capacitaciones impartidas en las reuniones, ha aprendido administrar su negocio de mejor manera.
Rancagua pertenece a la región del Libertador Bernardo O´Higgins. Es una moderna ciudad que regula el principal proceso productivo y exportador agrofrutícola y vitivinícola de Chile. Es también una ciudad minera, debido a que en su cordillera se encuentra la mina subterránea más grande del mundo “El Teniente”, con 4.500 km. de túneles.

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.

About Chile

  • $14,900
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,587,775
    Funds lent in using Kiva
  • 474.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Margarita to buy flour, pumpkin, eggs, and oil to stock her business.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Oct 12, 2012
Currency Exchange Loss:
Possible
Ended:
Jan 15, 2013