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Flores Del Jardin Group
In this Group: Carmen, Raquel, Maria Patricia, Marcela , Madeleine, Ana, Carolina, Karin, Victoria, Leslie, Viviana, Veronica, Maria, Heinrich, Jessica, Patricia, Manuel, Susana
This communal bank is named “Flores del Jardín” (garden flowers). It is made up of 18 entrepreneurs working in various sectors such as a bakery, the sale of plastic bags, clothing, handicrafts, breads, a stationery shop, and other services. Each of the group members is a resident of the city of Temuco.

Carmen, a member of "Flores del Jardín", is the red-haired woman pictured kneeling at the far right, wearing white pants and a brown, patterned shirt.

She has been working as a seamstress for three years. Carmen works Monday through Saturday and sometimes also on Sundays. She created a workshop in her home where she attends to customers and sews children's and women's clothing. Luckily, Carmen is able to create her own hours around her availability. She buys the merchandise and supplies used in her shop from different stores and distributors in Santiago that sell fabrics at lower prices.

With this loan, Carmen will buy fabrics and spare parts for her sewing machine. One of Carmen's goals is to have her own shop in a better location that will bring more customers because this will help her increase her earnings and have a better quality of life.

Carmen lives with her parents and her 9-year-old daughter, who is in school. As a personal goal, Carmen aims to finish her technical studies.

Carmen is very happy and grateful for the opportunity this loan from Fondo Esperanza brings her to be able to invest in her business. She says that the trainings offered have been very helpful for her business as well as her personal development because she has learned how to organize and better distribute her income and investments. As for the communal bank group she belongs to, Carmen is pleased with the communication they have with her.

Temuco is the capital of the Araucanía region and the city is located 670 kilometers south of Santiago (the capital of Chile). Around the city are the volcanos and hot springs Pucón and Villarrica, as well as distinct native plants and animals found in nearby national parks. It is worth noting that in this region lives 50 percent of the Mapuches, an indigenous people, that exist in the country.
View original language description ↓
Este Banco Comunal se llama “ Flores del Jardín” está conformado por 18 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; repostería, venta de bolsas plásticas, venta de ropa, artesanía, venta de pan amasado, bazar, servicios entre otros. Todos ellos pertenecientes a la ciudad de Temuco.
Carmen, integrante del grupo del Banco Comunal, quien en la foto se encuentra en cunclillas en primera fila, ocupando el primer lugar de derecha a izquierda, viste un pantalón de color blanco, polera café con adornos, su cabello es de color rojo y lo usa suelto.
Ella se dedica al rubro de confección de vestuario, desde hace 3 años. Se desempeña de lunes a sábados, y algunas veces hasta los domingos, habilito un taller en su casa donde atiende a su clientela y confecciona ropa de mujer e infantil, su horario lo distribuye de acuerdo a su disponibilidad.
La mercadería e insumos que va necesitando los compra en la ciudad de Santiago en diferentes tiendas y distribuidoras donde encuentra telas a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará telas y un repuesto para su máquina overlock.
Una de las metas de Carmen es tener un local establecido, donde sea más conocida y abarcar mucha más clientela, para generar mayores ingresos asi con esto optar a una mejor calidad de vida.
Carmen vive junto a sus padres y su hija de 9 años de edad, quien se encuentra estudiando. Sus sueños a nivel laboral es tener un local establecido, y a nivel personal poder terminar sus estudios técnicos.
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.
Temuco es la capital de la región de la Araucanía. La ciudad se ubica a 670 kilómetros al sur de Santiago (capital de Chile). En sus alrededores se ubican una serie de balnearios lacustres (Pucón, Villarrica) y una flora y fauna nativa muy llamativas, concentrada en parques naturales cercanos. Cabe destacar que en esta región habita el 50% de los mapuches, pueblo indígena, existente en nuestro país.

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
  • 480.5
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Flores Del Jardin Group's $4,225 loan helped a member to buy fabrics and spare parts for her sewing machine.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 31, 2012
Listed
Oct 31, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013