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Inversion Group
In this Group: Maria, Jessica, Johanna, Natalia, Evelyn, Marjorie, Marcela, Nancy, Valeria, Cristian, Luis, Marcia, Ruth, Maria, Ruth, Pedro, Tamara, Cristian, Maria, Elizabeth
This community bank called “Inversion” [Investment] is made up of 20 entrepreneurs who earn a living in different areas including clothing sales, egg sales, sales of juices, ice cream and drinks, underwear sales, sales of vehicle accessories, wood sales, and services, among others. All of the members are residents of the city of Valparaíso.

Maria is a member of the communal bank. In the photo, she is found seated in the first row, in the second place from right to left. She is dressed in blue jeans and a brown jacket with a scarf around her neck and she has a brown purse. Her hair is chestnut colored and she is wearing it down.

She has earned a living selling various goods for the last 40 years. She comments that she used to work door to door and in open air markets, but now she has rented a shop that she will open and she will attend to her customers in the way she has always dreamed of, calmly and satisfying the needs of her customers.

She buys the merchandise and consumables that she needs in the city of Santiago, where she finds a large variety of articles that she offers in her shop at a low cost.

With the loan, she will buy storybooks, notebooks, colored pencils, various decorations, socks, scarves, calendars, gift bags, and canvas sneakers among other items. One of Maria’s goals is to open her shop soon in order to receive her customers and offer them all of her merchandise. What they ask for, she will have.

Maria has a partner, but they live in separate houses. Her dream, on a personal level, is to die peacefully and pain-free, surrounded by her loved ones. On a work level, her dream is to grow with her shop and to be able to help people that need it. She comments that with the sales she makes, for the Christmas season, she will prepare 40 gifts that will be delivered to children with scarce resources that live in the surrounding area.

She feels happy, grateful and excited for the support provided by Fondo Esperanza because it opened a door for her and allowed her to invest in her business and also her personal development as she has learned to organize and distribute her income and investments in a better way.

Valparaiso is located 120 kilometers northeast of Santiago. It is the regional capital and is the seat of the country’s legislature. It is the first port of the nation and it offers a great variety of beautiful and picturesque places like the house of the poet Pablo Neruda, winner of the Nobel Prize, for example.
View original language description ↓
Este Banco Comunal se llama “Inversión” está conformado por 20 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de ropa, venta de huevos, venta de jugos, helados y bebidas, venta de ropa interior, venta de accesorios para vehículos, venta de madera, servicios entre otros. Todos ellos pertenecientes a la ciudad de Valparaíso.
Maria, integrante del grupo del Banco Comunal. Quien en la foto se encuentra sentada en primera fila, ocupando el segundo lugar de derecha a izquierda, viste blue jeans, Chaqueta de color café, de adorno usa un pañuelo en su cuello y usa una cartera de color café, su cabello es de color castaño y lo usa suelto.
Ella se dedica al rubro de venta de bazar, desde hace 40 años. Comenta que anteriormente trabajaba de puerta en puerta y en feria libres, y ahora arrendó un local donde lo inaugurara y atenderá a su clientela de la manera que siempre ha soñado, tranquilamente y satisfacer las necesidades de su clientela.
La mercadería e insumos que va necesitando los compra en la ciudad de Santiago, donde encuentra gran variedad de articulos que ofrece en su bazar a bajo costo, por lo tanto convenientemente económicamente.
Con el crédito comprará libros de cuentos, cuadernos, lápices de colores, adornos varios, calcetas, pañuelos, agendas, bolsas para regalos, zapatillas de lona, articulos entre otros.
Una de las metas de Maria es inaugurar pronto su bazar para recibir a su clientela y ofrecer toda su mercadería, lo que pida su clientela ella lo tendrá.
Maria tiene su pareja, pero viven en casas separadas. Sus sueños a nivel muy personal es tener una muerte linda y estar acompañada de sus seres queridos, y a nivel laboral crecer con su bazar y poder ayudar a gente que lo necesite, comenta que con las ventas que realiza, para la temporada de navidad confecciona 40 regalos que se los entrega a niños de escasos recursos que viven a su alrededor.
Ella se siente contenta, agradecida y emocionada por el apoyo brindado 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

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 483.8
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Inversion Group's $4,750 loan helped a member to buy storybooks, notebooks, colored pencils, various decorations, socks, scarves, calendars, gift bags and canvas sneakers, among other items.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2012
Listed
Nov 19, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013