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Union Y Fe Group
In this Group: Johanna, Hugo, Paula, Enriqueta, Detsy, Margarita, Ana, Lorena, Elisa, Maribel, Jacqueline, Marianela, Ximena, Orieta, Nadia, Jacqueline, Luis, Diego
This communal bank is called, "Unión y Fe" [Union and Faith] and is made up of 18 entrepreneurs who make a living through various trades including: glass art, mosaics, selling dried products, a grocery store, making and selling french fries, selling vegetables, selling beauty products, selling cocktails, selling cakes, recycling shoes, weaving, etc. All of the members are from Valparaíso.

Johanna is the group member who is standing up in the back row, the first from the right. She is wearing white pants and shoes and a black shirt. She has brown hair that is down. She is a hairdresser and sells seasonal products. She has done this for 10 years. She tells us that she works Mondays through Sundays. She visits her customers' homes to do hairdressing while also selling her stainless steel jewelry. She also makes empanadas and bread for the Christmas season.

She buys the merchandise and supplies that she needs from different supermarkets, butcher shops, and distributors that specialize in selling hair products at a low price since this is what best for her economically.

She will use this loan to buy items to sell for Christmas as well as fruit, flour, honey, dried fruits, and candy to make Christmas bread. One of Johanna's goals is to keep growing every day and to sell all of her Christmas merchandise. This is how she will generate better income and have her family do well economically.

Johanna lives with her husband and two children, who are 4 and 13. Her personal dream and dream for her family is to construct a home after the loss that they had due to the earthquake. For her business, she wants to keep it well supplied so she doesn't have any extreme needs.

She is very happy and grateful for the opportunity and support offered to her by Fondo Esperanza. In addition to the great help after the earthquake, she is now able to invest in her business. She says that there is very good communication and responsibility in her communal bank. There are also trainings that have helped her learn new sales and accounting strategies. Valparaíso is 120 kilometers northeast of Santiago. It is the regional capital and also the legislative seat of the country. It is the country's main port and offers a great variety of beautiful and picturesque places, for example, the house of the poet Pablo Neruda, the winner of the Nobel prize.
View original language description ↓
Este Banco Comunal se llama “Unión y Fe” está conformado por 18 emprendedores quienes se dedican a diferentes rubros entre los cuales se encuentran; vitrofusión, mosaico, venta de productos secos, almacén, elaboración y venta de papas fritas, venta verduras, venta de articulos de belleza, servicios de coctelera, venta de queques y sándwich, recicladora de zapatillas, tejido en telares, servicios entre otros. Todos ellos pertenecientes a la ciudad de Valparaíso.
Johanna, 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 un pantalón de color blanco, zapatillas, polera de color negra, su cabello es de color castaño oscuro y lo usa suelto.
Ella se dedica al rubro de peluquería y ventas de articulos y productos de temporada, desde hace 10 años. Comenta que trabaja de lunes a domingo, respecto a su peluquería se dirige a los domicilios de su clientela y a la vez ofrece sus joyas de acero quirúrgico, además realiza empanadas y pan de pascua para la temporada navideña.
La mercadería e insumos que va necesitando los compra en diferentes supermercados, carnicerías, distribuidoras que se especializan en vender productos para el cabello a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará articulos varios para la venta navideña, además frutas, harina, miel, frutos secos y confitados para hacer panes de pascua.
Una de la metas de Johanna es seguir creciendo dia a dia, y vender toda su mercadería para la temporada de navidad, así con esto generar mayores ingresos y buen pasar económico a su familia.
Johanna vive junto a su esposo y dos hijos de 4 y 13 años de edad. Sus sueños a nivel personal y familiar es volver a construir su hogar después de la perdida que tuvo con el terremoto, y a nivel laboral tener bastante abastecido su negocio para no tener necesidades extremas.
Ella está muy contenta y agradecida de la oportunidad y apoyo brindado por Fondo Esperanza, además de la gran ayuda tras el terremoto con ayuda material, ahora podrá invertir en su negocio. Respecto al grupo del Banco Comunal del cual forma parte, comenta que en éste existe muy buena comunicación y responsabilidad. Por otro lado las capacitaciones, le han servido para aprender nuevas estrategias de venta y contabilidad.
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
  • $2,552,775
    Funds lent in using Kiva
  • 484.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Union Y Fe Group's $6,075 loan helped a member to buy various items to sell for Christmas as well as fruits, flour, honey, dried fruits, and candies to make Christmas bread.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 9, 2012
Listed
Nov 17, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013