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Yiret Group
In this Group: Fabiola , Richard, Ingrid, Ricardo, Karenn, German, Nancy, Maria , Carolina, Aurelia, Maria Teresa, Evelyn, Hugo, Irma, Lidia, Luz, Mabel, Roxana, Pamela, Adelaida, Luisa
This communal bank is called “Yiret”. It is made up of 21 entrepreneurs who work in different areas. Among them are selling firewood, selling cheese, selling meals and empanadas, a mechanic's garage, selling clothes, and selling fast foods, as well as services. They are all from the city of Villarrica.

Fabiola is a member of the communal bank. In the photo she is in the front row first from the right. She is wearing a dark gray vest, gray boots, and carrying a purse. Her hair is dark brown. long and loose.

She has been a seamstress for 4 months. She works from home making cushions and whatever her customers order. She also does weaving. Her daily schedule varies according to availability.She buys the materials she needs for her sewing at locales and distributors where she finds fabrics and wool at a low cost, therefore it is good for her financially.

With the loan, she will buy fabric, thread, wool and needles. One of Fabiola's goals is to continue with her business to generate more income and have a better quality of life. Fabiola lives with her husband and her three children, 13, 10 and 6. All of them are in school.

She is very happy and grateful for the opportunity offered by Fondo Esperanza, because it will allow her to invest in her business. In regards to the communal bank she belongs to, she says that there is very good communication there. The trainings have been useful for her to learn new strategies for selling and accounting.

Villarrica is a city in southern Chile, located in the Araucanía region. It is a small city, but has all of the basic services and tourist attractions. It is one of the main cities in the mountain region as well as one of the main tourist attractions along with Pucón. During the summer, there are many activities and cultural, art and sports events. There is also a lot of eco-tourism, adventure tourism and ethno-tourism.
View original language description ↓
Este Banco Comunal se llama “Yiret” está conformado por 21 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de leña, venta de queso, venta de completos y empanadas, taller mecánico, venta de ropa, venta de comida rápida. Servicios entre otros. Todos ellos pertenecientes a la ciudad de Villarrica.
Fabiola, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el primer lugar de derecha a izquierda, viste un chaleco de color gris oscuro, botines de color gris, una cartera que lleva cruzada, su cabello es de color castaño oscuro, lo usa suelto y largo.
Ella se dedica al rubro de la confección, desde hace 4 meses. Comenta que trabaja en su casa realizando cojines y lo que su clientela le va solicitando, además realiza tejidos, su horario de trabajo lo distribuye de acuerdo a su disponibilidad.
La mercadería e insumos que va necesitando para sus costuras y confecciones las compra en locales y distribuidoras donde encuentra géneros y lana a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará géneros, hilos, lanas, agujas.
Una de las metas de Fabiola es continuar con el negocio, para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Fabiola vive junto a su marido y sus tres hijos de 13, 10 y 6 años de edad, todos se encuentran estudiando.
Ella se encuentra muy contenta y agradecida de la oportunidad 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.
Villarrica es una ciudad al sur de Chile, ubicada en la región de La Araucanía. Es una ciudad pequeña, pero cuenta con todos los servicios básicos y turísticos, siendo uno de los principales centros de servicios del área cordillerana y principal centro turístico de la región, junto con Pucón. Durante los meses de verano se realizan numerosas actividades y eventos culturales, artísticos y deportivos, Además de las innumerables alternativas de Ecoturismo, Turismo Aventura y Etnoturismo



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
  • $2,587,775
    Funds lent in using Kiva
  • 482.6
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Yiret Group's $4,650 loan helped a member to buy fabrics, thread, wool and needles.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 17, 2012
Listed
Oct 27, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013