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Villa Las Alamedas Group
In this Group: Mercedes, Julieta, Rosa, Maria Angelica, Esteban, Christian, Lorena, Paula, Elizabeth, Vanessa, Orietta, Macarena, Jorge, Yoel, Marcia
This communal bank es called “Villa las Almendras” and it has 15 members who are in a variety of lines of work among which are fast-food sales, jewelry sales, sale of underwear by catalogue, baked bread sales, computer supplies, work safety products and services, among others. All are from the San Bernardo commune located in the city of Santiago.

Mercedes is a communal bank member. In the photo she’s seated in the front row, first from right to left, wearing a brown blouse. She’s wearing eyeglasses and her hair is dark brown and work loose.

She has been sewing for 13 years. She comments that she works at home since she set aside part of it for her workshop. She does repairs like zipper replacement and basting and she makes dresses, sweatshirts and whatever else her customers request. Her work schedule varies according to her availability. She buys the supplies and merchandise she needs in stores that specialize in low-cost fabrics and sewing accessories which is economically advantageous. She will use the loan to buy fabric, thread for the embroidery machine and for the overlock machine, buttons, zippers and needles.

One of Mercedes’ goals is to be able to buy a special sewing machine (one that can use from one to three needles) and to replace her overlock machine with a newer one to generate more work and meet customer expectations thus generating higher income and providing better quality of life for her family.

Mercedes lives with her husband and 19-year-old daughter who is studying. Her dream on a personal level is to continue working in her occupation and to see her daughter complete her studies and graduates so her work will be complete.

Mercedes is very happy and grateful for the loan and services provided by Fondo Esperanza. She also comments that she feels very comfortable in the meetings and with her communal bank group because respect and unity are present.

San Bernardo es a city located 18 kilometers straight south from the main square in Santiago (Capital of Chile). It’s known as the capital of folklore because every year in January the “International Folklore Festival” takes place there, an event where the country’s roots and musical groups from all over South America meet. Also, Chilean craftspeople as well as others from nearby countries participate too. Then in April, the “Abril Cuecas Mil” event takes place. It consists in making the entire commune dance ‘cueca’ (a traditional Chilean dance).
View original language description ↓
Este Banco Comunal se llama “Villa las Alamedas” está conformado por 15 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de comida rápida, venta de joyas, venta de ropa interior por catalogo, venta de pan amasado, articulos de computación, productos de protección laboral, servicios entre otros. Todos ellos pertenecientes a la comuna de San Bernardo, ubicada en la ciudad de Santiago.
Mercedes, integrante del grupo del Banco Comunal, quien en la foto se encuentra sentada en primera fila, ocupando el primer lugar de derecha a izquierda, viste una blusa de color café, usa anteojos, su cabello lo usa suelto y es de color castaño claro.
Ella se dedica al rubro de la confección, desde hace 13 años. Comenta que trabaja en su casa, ya que adapto una parte para hacer un taller, realiza arreglos como cambio de cierres, bastas, y confecciona vestidos, buzos y lo que su clientela le solicite, su horario de trabajo lo distribuye de acuerdo a su disponibilidad.
La mercadería e insumos que va necesitando los compra en locales que se especializan en vender telas y accesorios para las confecciones a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará telas, hilos para la maquina bordadora y remalladora, botones, cierres, agujas.
Una de las metas de Mercedes son tener la posibilidad de comprar una máquina colleretera (es una maquina que puede utilizar 1 a 3 agujas), y cambiar su máquina overlock por una mas nueva, para generar más trabajo y cumplir con las expectativas de su clientela, así generar mayores ingresos y dar una mejor calidad de vida a su familia.
Mercedes vive junto a su marido y su hija de 19 años quien se encuentra estudiando. Sus sueños a nivel personal es tener salud para seguir trabajando en su rubro y ver a su hija que termine de estudiar y se titule, para ver su tarea cumplida.
Mercedes está muy contenta y agradecida del crédito y servicios otorgados por Fondo Esperanza. Además comenta que se siente muy cómoda con las reuniones y grupo del Banco Comunal, ya que existe respeto y unidad.
San Bernardo es una ciudad, ubicada a 18 km. en línea recta hacia el sur desde la plaza de armas de Santiago (capital de Chile). Es conocida como la capital del folklore, debido a que cada año, en enero, se realiza el "Festival Internacional del Folklore", un evento en el que las raíces del país se dan cita y se reúnen agrupaciones musicales de toda Sudamérica. También se desarrolla la "Feria de Artesanía Tradicional", en la que participan tanto artesanos chilenos como de otros países cercanos. Luego en abril se realiza el evento “Abril cuecas Mil” que consiste en hacer bailar cueca (baile tradicional chileno) a toda la comuna.

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
  • $2,637,700
    Funds lent in using Kiva
  • 481.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Villa Las Alamedas Group's $2,975 loan helped a member to buy fabric, thread, buttons, zippers and needles.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 28, 2012
Listed
Oct 24, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013