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Caminando Hacia El Futuro Group
In this Group: Erica, Bernardita, Cynthia, Gilberto, Bernarda, Pamela, Lilian, Yolanda, Macarena, Gladys, Rosa, Gaston, Yolanda, Rosa, Mireya, Andrea
The ‘Cambiando Hacia el Futuro' [Changing Towards the Future] communal bank is comprised of 16 entrepreneurs who make their livings in different areas including pastries, bazaar type store, sewing, selling sportswear, selling plastic items, selling household items, and providing services, among others. They all belong to the Conchalí commune in the city of Santiago.

Erica is a member of the communal bank. In the photo she is standing in the first row, and she is the third person from the right. She is wearing a red skirt and a turquoise top. Her hair is dark brown, and she wears it down.

She has been working with handicrafts for 20 years. She says that she works with her sister making handmade clothing. She works at her house and sometimes at the handicrafts fair. She has a person who works at the stand. Her work schedule is according to her availability.

She buys the merchandise and supplies she needs at the Comuna de Independencia, which specializes in selling fabric, thread, and other goods at a low cost. Therefore, it is cost effective.

She will use the loan to buy fabric, thread, and wool. One of Erica’s goals is to be able to become independent and to have her own place in order to grow as a small businesswoman. This way she will generate greater income and have a better quality of life.

Erica lives with her mother, two siblings, and her 25 year old son, who attends school. Her work and personal dreams are to become independent, to have her business, and to set herself up at an established place.

She is happy and grateful for the opportunity provided by Fondo Esperanza. It will allow her to invest in her business. She says that the trainings have been fundamental for her business and also for her personal development. She has learned to organize and distribute her income and investments in a better way. Regarding the group in her communal bank, she says that there is very good communication.

Conchalí is a commune within the metropolitan area of Santiago, Chile's capital, and it is located in the northern part of this area. It has a defined industrial area, and many financial activities and small businesses, including street markets, craft workshops, garages, and bus terminals, etc. The microenterprise sector is very relevant to its commercial activity.
View original language description ↓
Este Banco comunal se llama “Caminando hacia el Futuro” está conformado por 16 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; repostería, bazar, confección, venta de ropa deportiva, venta de articulos de plásticos, venta de articulos para el hogar, servicios entre otros. Todos ellos pertenecientes a la comuna de Conchalí, ubicada en la ciudad de Santiago.
Erica, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el tercer lugar de derecha a izquierda, viste una falda de color rojo, una polera de color Calipso, su cabello es de color castaño oscuro y lo usa suelto.
Ella se dedica al rubro de la artesanía, desde hace 20 años. Comenta que trabaja con su hermana realizando ropa artesanal, trabaja en su casa y algunas veces en las ferias artesanales ya que tiene a una persona que le trabaja el puesto, su horario de trabajo lo distribuye de acuerdo a su disponibilidad.
La mercadería e insumos que va necesitando los compra en la comuna de independencia que se especializa en vender telas, géneros, hilos, a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará telas, hilos, lanas.
Una de las metas de Erica es poder independizarse y tener su propio local, para crecer como microempresaria, así con esto generar mayores ingresos y optar a una mejor calidad de vida.
Erica vive junto a su madre, dos hermanos y su hijo de 25 años de edad, quien se encuentra estudiando. Sus sueños a nivel laboral y personal, es independizarse, tener su negocio e instalarse en un local establecido.
Ella está 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, comenta que en éste existe muy buena comunicación.
Conchalí es una comuna de la región metropolitana (donde está Santiago, capital de Chile) ubicada hacia el norte de la misma. Posee un barrio industrial delimitado, y múltiples actividades económicas y comerciales de pequeño tamaño, incluyendo ferias libres, talleres artesanales, garajes, terminales de buses, entre otros. El sector microempresarial es muy relevante en su actividad comercial.

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
  • 1
    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 Caminando Hacia El Futuro Group's $6,600 loan helped a member to buy fabric, thread, and wool.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Oct 31, 2012
Listed
Oct 30, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013