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Chacabuco Group
In this Group: Maria Jose, Juan, Jasmin, Andrea, Carolina, Roxana, Leonarda, Maria Angelica, Julio, Daniela, Juana, Alejandra, Roxana, Marta, Margarita
This communal bank is called “Chacabuco” and has 15 enterprising members who carry out different lines of work among which are: pastry making, turnover sales, kiosk, manicure, clothes sales, ice-cream sales, cake sales and services, among others. They all are from Recoleta Commune located in Santiago Commune.

María José is a communal bank member and in the photo she’s squatting down in the first row, first from right to left, wearing blue jeans and a beige sweater, her hair is dark brown and she wears it up and she's carrying her daughter in her arms.

She has been selling clothes for two years. She comments that she works at home, in street markets and street fairs to sell her merchandise. Her work schedule is determined by her availability. She only sells women’s clothes. She buys merchandise as needed from stores and suppliers where she finds different styles and sizes of clothes at low cost which gives her an economic advantage. She will use the loan to buy shirts, pants, dresses and skirts for women.

One of María's goals is to open a store at home, to set aside specific space to tend to her customers and offer her products more in peace. In this way she’ll be having better quality of life.

María José lives with her husband and two daughters who are 4 and 1. Her personal and family goal is to own a house to provide the best for her daughters.

She is very happy and grateful for the opportunity Fondo Esperanza is providing because it’s made it possible for her to invest in her business. She also feels very comfortable in the company of her fellow entrepreneurs in her communal bank group because they share different activities and interests which has also served as a means of recreation for her. The training provided at the meetings has taught her to better manage her business.

Recoleta is one of the 34 communes making up Santiago (Capital of Chile) and is located in Santiago’s north-central sector, metropolitan region. It’s active commercially and the commercial Patronato neighborhood stands out mainly for having welcomed Arab merchants (initially) and Korean ones (currently).
View original language description ↓
Este Banco Comunal se llama “Chacabuco” está confirmado por 15 emprendedores, quienes se dedican a diferentes rubros, entre los cuales se encuentran; repostería, venta de empanadas, kiosko, manicure, venta de ropa, venta de helados, venta de queques, servicios entre otros. Todos ellos pertenecientes a la comuna de recoleta, ubicada en la comuna de Santiago.
Maria Jose, integrante del grupo del Banco Comunal, quien en la foto se encuentra en cuclillas en primera fila, ocupando el primer lugar de derecha a izquierda, viste blue jeans, chaleco de color beige, su cabello es de color castaño oscuro y lo usa tomado, en sus brazos carga a su pequeña hija.
Ella se dedica al rubro de venta de ropa desde hace 2 años. Comenta que trabaja en su casa, en persas y ferias para ofrecer su mercadería, su horario de trabajo lo distribuye de acuerdo a su disponibilidad. Su venta de ropa es solo para damas.
La mercadería que va necesitando la compra en locales y distribuidoras donde encuentra ropa de diferentes modelos y tallas a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará poleras, pantalones, vestidos, faldas, para damas.
Una de las metas de Maria Jose es instalar un bazar en su casa, adaptar un espacio especifico para atender a su clientela y ofrecer su mercadería de manera más tranquila, así con esto optar a una mejor calidad de vida.
Maria Jose vive junto a su marido, esposo y dos hijas de 4 y 1 año de edad. Sus a nivel personal y familiar e s tener su casa propia para brindarle lo mejor a sus hijas.
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.
Recoleta es una de las 34 comunas de Santiago (capital de Chile) y se encuentra ubicada en el sector centro-norte del Santiago, región metropolitana. Cuenta con un activo comercio, destacando el barrio comercial de Patronato que ha acogido principalmente a comerciantes árabes (en un principio) y coreanos (en la actualidad).


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
  • $2,552,775
    Funds lent in using Kiva
  • 482.6
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Chacabuco Group's $3,425 loan helped a member to buy clothes.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 29, 2012
Listed
Oct 30, 2012
Currency Exchange Loss:
Possible
Ended:
Sep 19, 2013