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Union Y Esperanza Group
In this Group: Marjorie, Cesar, Doralisa, Delta, Marlene, Ivonne, Ana, Angelina, Lorena, Jenifer, Alejandra, Jeannette, Margarita, Maria, Carmela, Rosa, Karen
The Unión y Esperanza community bank is made up of 17 entrepreneurs who work in different areas including: street vendor, sales at a market stall, sales at a bazaar, department store, vegetable sales, bread sales, household goods sales, services, and others. They all live in the city of Talca.

Marjorie is a member of the group. In the photo, she is standing in the back row in the first spot from right to left. Her dark brown hair is worn down. She has worked as a street vendor for ten years. She works from Monday to Saturday and sometimes works during festivals and other times at high schools and gardens offering her merchandise to adults and children. She purchases her merchandise in the city of Santiago where there she can purchase items at wholesale and find a large variety of products at low cost, which is convenient economically. She will use the loan to purchase bazaar items such as earrings, rings, headbands, and clothing such as hosiery and underwear. One of Marjorie's goals is to have a bazaar in her home so that she can attend to her customers more calmly and show all of her merchandise and generate more income so that she can have a better quality of life.

Marjorie lives with her husband and their four children who are 3, 5, 10, and 12 years old. Her dream for her business is to have her bazaar, and her dreams for her family are that her children do well and have a good future so that they can get a good job after their studies. She is very happy and thankful for the opportunity that Fondo Esperanza has provided since it has allowed her to invest in her business. She feels very comfortable with the company of the other entrepreneurs in her community bank since they share different activities and interests which have served as a moment of distraction. She has learned how to administer her business better in the trainings provided at meetings.

Talca is part of the Maule region, which is located in the central part of the country. It is the administrative, economic, and culture center of the region and the most important city in the Chilean Central Valley. In Chile there is a curious reference to Talca in the phrase "Talca, Paris, and London". Some say this is a derivation of the original phrase spoken by an Englishman, "Talca seems like London" because of the abundant fog that frequently covers the city in the winter, similar to the capital of the United Kingdom.
View original language description ↓
Este Banco Comunal se llama “Unión y Esperanza” está conformado por 17 emprendedores quienes se dedican a diferentes rubros entre los cuales se encuentran; vendedores ambulantes, feriantes, bazar, almacén, venta de verdura, venta de pan, venta de articulos para el hogar, servicios entre otros. Todos ellos pertenecientes a la ciudad de Talca.
Marjorie, integrante del grupo de Banco Comunal, quien en la foto se encuentra de pie en la última fila, ocupando el primer lugar de derecha a izquierda, su cabello lo usa suelto y es de color castaño oscuro.
Ella se dedica al rubro de vendedor ambulante desde hace 10 años. Comenta que trabaja de lunes a sábado, a veces trabaja en las ferias y otras veces en colegios y jardines ofreciendo su mercadería a grandes y chicos.
La mercadería que va necesitando la compra en la ciudad de Santiago donde encuentra articulos al por mayor y gran variedad de productos a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará articulos de bazar como aros, anillo, cintillos y además ropa como calzas, ropa interior.
Una de las metas de Marjorie es colocar un bazar en su casa, para atender a su clientela más tranquila y mostrar toda su mercadería, para generar mayores ingresos, así con esto optar a una mejor calidad de vida.
Marjorie vive junto a su marido y sus cuatro hijos de 12, 10, 5, y 3 años de edad. Sus sueños a nivel personal y laboral sacar su bazar y a nivel familiar que sus hijos tengan un buen pasar y un buen futuro para los estudios para que obtengan una buena profesión.
Ella está muy contenta y agradecida de la oportunidad que le ha brindado Fondo Esperanza, ya que le ha permitido invertir en su negocio. Además se siente muy cómoda con la compañía de las demás emprendedoras del grupo del Banco Comunal, ya que comparten diferentes actividades e intereses, lo cual también le ha servido como un momento de distracción. Respecto a las capacitaciones impartidas en las reuniones, ha aprendido administrar su negocio de mejor manera.
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

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 480.8
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Union Y Esperanza Group's $3,625 loan helped a member to purchase articles to sell such as earrings, rings, headbands, and clothing such as hosiery and underwear.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2012
Listed
Oct 29, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013