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Millaray Group
In this Group: Rita, Sandra, Evangelina, Hector, Gisela, Gladys, Americo, Katherine, Marcia, Marta, Sergio, Maurren, Elizabeth, Sandra, Luz, Nicole, Maximo, Marcela, Claudia
This communal bank, named "Millaray", is made up of 19 entrepreneurs who are dedicated to different sectors, including clothing sales, beauty product sales, bulk sales, liquor sales, sewing, a body shop, a bakery, the service industry, and more. All of its members are from the city of Chillán.

Rita is the member of this group pictured above, standing in the first row, in the first spot from the right. She has dark brown hair and is wearing pants and a black shirt, holding a black purse, which she is pictured using. Rita has worked in her own small retail shop for three years. She runs her business out of her own house and works every day of the week. With this business, she is able to arrange her work schedule according to her availability, which allows her to attend to her husband and daughters. She buys merchandise to stock her store from different supermarkets, depending on where she finds the best prices.

With this loan, Rita will buy groceries, drinks, ice cream, flour, sugar, tea, and comfort. One of Rita's goals is to expand her business and open a mini-market in order to serve more customers and generate more earnings. Then she will be able to give her family a better quality of life.

Rita lives with her husband and three daughters, ages 28, 20, and 12. She dreams of growing her business and helping her family get ahead. She hopes to educate her daughters so that they will become tomorrow's professionals.

Rita is very pleased and grateful for the opportunity offered to her by Fondo Esperanza because this loan will allow her to invest in her business. She says that the trainings Fondo Esperanza offers have been very beneficial for her business as well as her personal development since she has learned to get organized and better distribute her income and investments. Rita is also pleased with the communication she has with her communal bank group.

Chillán is a town in the south-central zone of Chile. Its name means “silla del sol” or "seat of the sun" in Mapudungun, an indigenous language of the Mapuches. Chillán is known as “Cuna de la Patria” (Cradle of the Motherland) o “Tierra de Artistas” (Land of the Artists) because in this city, many distinguished persons in Chile's history were born, for example, the pianist Claudio Arrau.
View original language description ↓
Este Banco Comunal se llama “Millaray” está conformado por 19 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de ropa, venta de productos de belleza, almacén, botillería, costuras, hojalatería, panadería, servicios entre otros. Todos ellos pertenecientes a la ciudad de Chillan.
Rita, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el primer lugar de derecha a izquierda, viste pantalón y polera de color negro, usa cartera de color negra, su cabello es de color castaño oscuro y lo usa tomado.
Ella se dedica al rubro de provisiones al por menor, desde hace 3 años. Comenta que tiene su pequeño negocio en su casa, trabaja todos los días y su horario es de acuerdo a su disponibilidad, a veces le ayudan sus hijas y su marido.
La mercadería que va necesitando la compra en diferentes supermercados donde encuentra su mercadería a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará abarrotes, bebidas, helados, harina, azúcar, te, confort.
Una de las metas de Rita es crecer con su negocio y llegar a tener un minimarket, para tener más clientela y mayores ingresos, para darle a su familia una mejor calidad de vida.
Rita vive junto a su esposo y tres hijas de 28, 20 y 12 años de edad. Sus sueños a nivel laboral cuidar y crecer en su negocio, y sacar adelante a sus hijas con sus estudios para que sean unas grandes profesionales el dia de mañana.
Ella está muy 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.
Chillán es una comuna de la zona centro sur de Chile. Su nombre significa “silla del sol” en mapudungun, idioma de nuestros indígenas mapuches. Chillán es conocida como “Cuna de la Patria” o “Tierra de Artistas”, debido a que en la ciudad han nacido destacados personajes de la historia de Chile, como por ejemplo el conocido pianista Claudio Arrau.







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
  • 478.8
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Millaray Group's $7,300 loan helped a member to buy groceries, drinks, ice cream, flour, sugar, tea, and comfort.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 5, 2012
Listed
Nov 12, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013