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Yo Progreso Group
In this Group: Carmen, Sussi, Nury, Maria Magdalena, Berlinda, Jacqueline, Amparo, Gladys, Erwin, Jose, Jose, Miriam, Juana, Daniela, Amalia, Johana, Dina
This communal bank is called "Yo Progreso" (I Progress), and is made up of 17 entrepreneurs who are engaged in various businesses, among which are: crafts, selling undergarments, selling new and used clothing, trading, confectioner, greengrocer, street vendors, selling cookware, selling salads. They are all from the city of Angol.

Carmen is a member of the group seen in the photo (second from the left in the first row), dressed in a dark colored shirt with white letters and a black hoodie with a red stripe with dark brown hair and seen here accompanied by her young son. She has worked in computer repairs for the last 8 years. She works with her husband; they do work in people's homes and sometimes work from home. They specialize in fixing keyboards, mouses, screens, hard drive information, adding programs and computer cleaning. They buy the goods and supplies they need from local shops and computer distributors at a low cost, which is economically advantageous.

With the loan she will buy a hard drive, get internet service (to download programs), and advertise the business. One of Carmen's goals is to have her own shop where she can attend to her clients more calmly, and this way opt for a better quality of life and be able to give her children economic stability.

Carmen lives with her husband (with whom she works) and their two children, ages 8 and 4. Her dreams are to pursue a course of study and that her husband improve in the computer field. She is very happy and grateful for the opportunity she has been awarded by Fondo Esperanza, as it will let her invest in her business. She says that the training has been critical for her business as well as for her personal development, as she has learned to organize and distribute her supplies and investments in a better way. With regard to the communal bank of which she is a member, she says that they have very good communication.

Angol is located 128 km. northwest of Temuco (capital of the ninth region) and 608 km. south of Santiago (capital of Chile). Its name means in Mapudungun (Mapuche language) "crawling upwards." The people work hard in agriculture and agricultural goods, areas that have now become important, particularly those related to fruit and vegetable production.
View original language description ↓
Este Banco Comunal se llama “Yo Progreso” está conformado por 17 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; artesanía, venta de ropa interior, venta de ropa nueva y usada, feriantes, repostería, verdulería, vendedores ambulantes, venta de utensilios de cocina, venta de ensaladas. Todos ellos pertenecientes a la ciudad de Angol.
Carmen, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el segundo lugar de izquierda a derecha, viste una polera de color negra con letras blancas y un poleron negro con franja de color rojo, su cabello es de color castaño oscuro y lo usa tomado y se ve acompañada de su hijo pequeño.
Ella se dedica al rubro de arreglos computacionales, desde hace 8 años. Comenta que trabaja con su marido, realizan trabajos a domicilio, y otras veces trabajan desde la casa. Se especializan en arreglar teclados, mouse, pantalla, información del disco duro, agregar programas y limpieza de computadores.
La mercadería e insumos que va necesitando los compra en locales, tiendas y distribuidoras de computación a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará un disco duro, contratar internet (para bajar programas), hacer publicidad para su negocio.
Una de las metas de Carmen es poder tener un local propio donde pueda atender con más tranquilidad a su clientela, así con esto optar a una mejor calidad de vida, y poder darle a sus hijos una buena estabilidad económica.
Carmen vive junto a su marido quienes trabajan en conjunto, y dos hijos de 8 y 4 años de edad. Sus sueños a nivel personal es estudiar alguna carrera y que su marido se perfeccione en el área de informática.
Ella esta 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 d mejor manera sus ingresos e inversiones. Respecto a l grupo del Banco Comunal cual forma parte, comenta que en éste existe muy buena comunicación.
Angol se ubica a 128 km. al noroeste de Temuco (capital de la novena región) y a 608 km. al sur de Santiago (capital de Chile). Su nombre significa en mapudungun (lengua del pueblo mapuche) “subida a gatas”. Sus habitantes se dedican fuertemente a labores agrícolas y silvo agropecuarias, áreas en las que actualmente han adquirido relevancia, particularmente, aquellas vinculadas a la producción frutícola y hortícola.

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
  • 471.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Yo Progreso Group's $3,925 loan helped a member to buy a hard drive, get internet service (to download programs), and advertise the business.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 18, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013