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Futuro Group
In this Group: Mauricio, Maria, Maria, Maria, Alejandra, Daniel, Andrea, Claudia, Luciano, Margarita, Macarena, Hernaldo, Eduardo, Luisa, Juan, Pierina, Patricio, Mario
This communal bank is called "Futuro” (Future). It is made up of eighteen entrepreneurs who make their livings in different areas, including "colectivo" service (a transportation service), small groceries, bakeries, hotdog sales, clothing sales, handicrafts, confectionery and other services. All of them live in the city of Valparaíso.
Mauricio, a member of the communal bank, is seated in the first row in the above picture. He is second from the right and wearing jeans, a white shirt and a black jacket. He has a wool hat on his head.
Mauricio makes his living in furniture making. He has been making various types of household furniture for the last five years. He works form Monday to Friday in a workshop that he adapted for furniture making. In addition, he advertises his services on the Internet.
He buys his merchandise and materials from a large distribution center that specializes in selling all kinds of wood at low cost, which is financially advisable.
With the loan, Mauricio will purchase wood and white melanin to make kitchen furniture.
One of Mauricio's goals is to grow his business and keep up with the sales and meeting his customers' needs. Sometimes he works with special orders, which gives him better earnings and allows him a better quality of life.
Mauricio lives alone. His professional dreams are to become independent and to keep making household furniture.
He feels very happy about and thankful for the opportunity offered by Fondo Esperanza, as it opened a door for him that allowed him to invest in his business and also his personal development. He has learned a better way of organizing and distributing his income and investments.
Valparaíso is situated 120 km. to the northeast of Santiago. It is the regional capital and also the legislative seat of the country. Valparaíso was the country's first port and offers a great variety of beautiful and picturesque areas, for example, Nobel Prize winning Pablo Neruda's home.
View original language description ↓
Este Banco Comunal se llama “Futuro” está conformado por 18 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; servicio colectivo (medio de transporte), almacén, amasandería, venta de completos, venta de ropa, feriantes, repostería, servicios entre otros. Todos ellos pertenecientes a la ciudad de Valparaíso.
Mauricio, integrante del grupo del Banco Comunal, quien en la foto se encuentra sentado en primera fila, ocupando el segundo lugar de derecha a izquierda, viste jeans, camisa blanca y chaqueta de color negro, en su cabeza lleva puesto un gorro de lana.
El se dedica al rubro de mueblería realiza varios tipos de muebles para el hogar, desde hace 5 años. Trabaja de lunes a viernes en un taller que adapto para la instalación de su mueblería, además ofrece sus servicios por una página en internet.
La mercadería y materiales que va necesitando los compra en grandes distribuidoras que se especializan en vender todo tipo de maderas a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará madera, melanina blanca para hacer muebles de cocina.
Una de las metas de Mauricio es crecer y seguir con las ventas y satisfacer las necesidades de los clientes, ya que a veces trabaja con muebles a pedidos específicos de la clientela, y a la vez generar mayores ingresos para optar a una mejor calidad de vida.
Mauricio vive solo. Sus sueños a nivel laboral es lograr ser independiente y seguir creando muebles para el hogar.
El se siente muy contento y agradecido de la oportunidad brindada por Fondo Esperanza, ya que le abrió una puerta laboral y le permitirá invertir en su negocio y también para su desarrollo personal, ya que ha aprendido a organizar y distribuir de mejor manera sus ingresos e inversiones.
Valparaíso está situado a 120 kilómetros al noroeste de Santiago. Es la capital regional y además sede del poder legislativo del país. Es el primer puerto de la nación y ofrece gran variedad de lugares hermosos y pintorescos, como por ejemplo la casa del poeta Pablo Neruda, ganador del Premio Nobel.

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
  • $2,587,775
    Funds lent in using Kiva
  • 484.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Futuro Group's $4,825 loan helped a member to purchase wood and white melanin to make kitchen furniture.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2012
Listed
Nov 17, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013