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Exitoso Ancoa Group
In this Group: Aquiles, Texia, Julia, Crsitian, Dolores, Isabel, Nadia, Carlos, Waldo, Juan, Jose, Juan, Claudia, Loreto, Oscar, Cecilia, Manuel, Carolina
This communal bank is called "Exitoso Ancoa". It is made up of 18 entrepreneurs who work in different fields, some of which are baking, hairdressing, music, clothing sales, coal sales, confections, electronics, and a mini-market, among others. All are from the city of Linares.

Aquiles, president of the communal bank, who in the photo is standing in the front row, third from the left, is wearing a red jacket with white stripes. He wears his hair short. He has worked in electronics repairs for 32 years. He works from home. He adapted a space in his home to install a workshop and attend to customers. His work schedule in in accordance with his availability. He provided maintenance and repair services for professional amplification and sound equipment, and electronic musical instruments and supplies. He also has a music group that adds to his household income.

He buys the merchandise and supplies that he needs in the city of Linares in local shops that sell electronics. Sometimes he goes to the city of Santiago to buy the things he can't find at a low cost in his city, so it's economically convenient. He will buy electronic supplies with the loan.

One of his goals is to continue with the business, to generate more income, and that way achieve a greater quality of life. Alquiles lives with his four children, ages 29, 25, 21, and 16, who are all studying. His personal dream is to be able to live farther south, and his dream for his family is to give his children the best so that they have a good professional future.

He is very happy with and grateful for the opportunity that Fondo Esperanza has given him, because it has allowed him to invest in his business. He is also very comfortable with the group that he is part of because they are very united, and they communicate very well. With regard to the training provided, he has learned how to better manage his business.

Linares is an important urban center in the Maule region, located in the middle of the country. Agricultural production is very important in this area, along with wine production, and they stand out in the export sphere. Grains (rice, wheat, corn, and oats), vegetables (beets, cabbage, lettuce, chard, and legumes) and fruits are important. Linares is the main producer of rice in Chile. In fact, 78% of national production of this grain occurs in this province, especially in the community of Parral.
View original language description ↓
Este Banco Comunal se llama “Exitoso Ancoa” está conformado por 18 emprendedores quienes se dedican a diferentes rubros entre los cuales se encuentran; amasandería, peluquería, músicos, venta de ropa, venta de carbón, pastelería, articulos electrónicos, minimarket, servicios entre otros. Todos ellos pertenecientes a la ciudad de Linares.
Aquiles, presidente del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el tercer lugar de izquierda a derecha, viste una chaqueta de color roja con franjas blancas, su cabello lo usa corto.
El se dedica al rubro de la reparación electrónica, desde hace 32 años. Comenta que trabaja en su casa, adapto un espacio en su casa para instalar un taller y atender a toda su clientela, su horario de trabajo lo distribuye de acuerdo a su disponibilidad, sus servicios son de mantención y reparación de equipos de amplificación y sonido profesionales, instrumentos e insumos musicales electrónicos. Además comenta que tiene un grupo de música donde complementa los ingresos para su hogar.
La mercadería e insumos que va necesitando los compra en la ciudad de Linares en locales establecidos con articulos de electrónica, algunas veces se dirige a la ciudad de Santiago para comprar articulos que no encuentra en su ciudad a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará insumos electrónicos.
Una de las metas de Aquiles es continuar con el negocio, para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Aquiles vive junto a sus cuatro hijos de 29, 25, 21 y 16 años de edad, quienes se encuentran estudiando. Sus sueños a nivel personal es tener la posibilidad de vivir más hacia el sur, y a nivel familiar darle lo mejor a sus hijos(a) para que tengan un buen futuro profesional.
El está muy contento y agradecido de la oportunidad que le ha brindado Fondo Esperanza , ya que le ha permitido invertir en su negocio. Además se siente muy cómodo con el grupo del cual forma parte ya que son unidos, y tienen una muy buena comunicación. Respecto a las capacitaciones impartidas, ha aprendido administrar su negocio de mejor manera.
Linares es un importante centro urbano de la región del Maule, ubicado en la zona centro del país. En esta zona se desarrolla de manera importante la producción agrícola y también vitivinícola sobresaliendo en el ámbito de las exportaciones. Destacan los cultivos de cereales (arroz, trigo, maíz y avena), hortalizas (remolacha, repollo, lechuga y acelga y legumbres) y frutas. Linares es la principal provincia productora de arroz, en Chile; de hecho, el 78% de la producción nacional de este cereal se da en esta provincia, especialmente en la comuna de Parral.




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
  • 479.4
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Exitoso Ancoa Group's $4,850 loan helped a member to buy electronic supplies.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 24, 2012
Listed
Oct 26, 2012
Currency Exchange Loss:
Possible
Ended:
Feb 15, 2013