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Estrellas Group
In this Group: Maria Paz, Jacqueline, Marcela, Rosa, Carmen, Carolina, Luisa, Cecilia, Luis, Carlos, Bernardita, Jeorgina, Luis, Hernan , Maria Eliana, Juana, Jacqueline, Teresa, Maria Clara, Maria Teresa
This communal bank is called “Estrellas” (Stars) and it has 20 entrepreneurs who are in a variety of lines of work among which are vest sales, sewing, pastry making, clothes sales, barber shop, marmalade sales and services, among others. All of them are from the city of Talca.

María Paz is a member of the communal bank. In the photo she’s standing in the front row, first from left to right, wearing a black shirt, brown pants, red shoes and has black purse; her hair is dark brown and it’s gathered up. She’s wearing a scarf around her neck.

She’s been working as a barber for two years. She works from place to place. She heads out to her customers’ homes to cut, style and color hair. She sets up her work schedule according to her availability since she’s also studying. The merchandise and supplies she needs she buys from suppliers and locals who specialize in selling barber products. She will use the loan to buy towels, hair color, gloves, hair pins and scissors.

One of María Paz’s goals is to have a large, stable business to be able to work in peace and meet her customers’ needs. María Paz lives with her mother and older brother. Her dream on a professional level is to finish her career and exercise her profession and at a work level she’d like to own a barber shop.

She’s very happy and grateful for the opportunity Fondo Esperanza is giving her because she’ll be able to invest in her business. She comments that the training has been fundamental for her business and also for her personal development because she’s learned how to organize and better distribute her income and investments. With respect to the communal bank group she’s part of she’s very comfortable because they are unite and respectful.

Talca belongs to the Maule Region in the center of the country. It’s the administrative, economic and cultural center of the region and the most important city in the Chilean Central Valley. There is a curious play on words in Chile about Talca: “Talca, París y Londres.” Among the myths concerning it, some say it’s derived from something originally said by an Englishman: “Talca parece Londres” because of the thick fog that frequently blankets the city in winter like in the United Kingdom ‘s capital.
View original language description ↓
Este Banco comunal se llama “Estrellas” está conformado por 20 emprendedores quienes se dedican a diferentes rubros entre los cuales se encuentran; venta de chalecos, costuras, repostería, venta de ropa, peluquería, venta de mermeladas, servicios entre otros. Todos ellos pertenecientes a la ciudad de Talca.
Maria Paz, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el primer lugar de izquierda a derecha, viste polera de color negra, pantalón de color café, zapatillas de color rojo y usa una cartera de color negra, su cabello es de color castaño oscuro y lo usa tomado, de adorno lleva un pañuelo alrededor de su cuello.
Ella se dedica al rubro de peluquería, desde hace 2 años. Comenta que trabaja de forma ambulante, ella se dirige a las casas de sus clientes, realiza corte de pelo, peinados y tinturas, su horario de trabajo lo distribuye de acuerdo a su disponibilidad ya que se encuentra estudiando.
La mercadería e insumos que va necesitando los compra en distribuidoras y locales que se especializan en vender productos de peluquería.
Con el crédito comprará toallas, tinturas, guantes, peinetas y tijeras.
Una de las metas de Maria Paz es tener un negocio estable y grande para atender de manera tranquila y satisfacer las necesidades de sus clientelas.
Maria Paz vive junto a su madre y su hermano mayor. Sus sueños a nivel personal es tener su carrera terminada y a nivel laboral tener su propia peluquería.
Ella está 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 de mejor manera sus ingresos e inversiones. Respecto al grupo del Banco Comunal del cual forma parte se encuentra muy cómoda, ya que son unidos y existe respeto.
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
  • 473.9
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Estrellas Group's $6,550 loan helped a member to buy towels, hair color, gloves, hair pins and scissors.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 11, 2012
Listed
Oct 23, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013