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Cascada De Esperanza Group
In this Group: Maria, Paula, Marcela, Alejandra, Orietta, David, Monica, Gladys, Mariela, Ximena, Juan, Oscar, Katherine, Luis, Nicole, Giovanna, Julio, Maria
This communal bank is called ‘Cascada de Esperanza’ [Waterfall of Hope]. It is comprised of 18 entrepreneurs who are in different lines of work. Among those you will find selling perfume, selling clothes, selling wallets, selling fast food, organizing events, selling bread, selling home accessories, and services, among others. All of them are from the city of Valparaíso.

Maria is a member of the communal bank. In the photo she is seated in the first row, and she is the first person on the right. She is wearing pants and a brown jacket, and her black purse is on her lap. Her hair is light brown, and she wears it short.

She has been selling food for three years. She says that she works at her house, and she sells all types of food. In addition to making empanadas, she works Mondays through Mondays. Her schedule is made according to her availability. She also sells perfume and general merchandise in her business, which is set up in part of her house.

She buys the merchandise and supplies that she needs for her food sales at various places like supermarkets, butcher’s shops, mills (flour at a very good price), and grocery stores. She buys the clothes, perfume, and accessories for a low cost in the city of Santiago, which is financially desirable.

She will use the loan to buy meat, onions, cooking oil, and some Christmas decorations, toys, and underwear. One of Maria’s goals is to continue with the business and to grow even more. This way she can opt for a better quality of life.

Maria lives with her husband. Her dream on a personal and familial level is to have a beautiful and large vacation with her husband in order to relax and enjoy new scenery.

She is very happy and grateful for the opportunity given to her by Fondo Esperanza because it will allow her to invest in her business. Regarding the communal bank she belongs to, she says that there is very good communication. The trainings have taught her new strategies for selling and book-keeping.

Valparaiso is located 120 kilometers Northeast of Santiago. It is the regional capital and also host of the country's legislature. It is the nation's first port and offers a variety of landmarks both beautiful and picturesque. For example, the house of Pablo Neruda, winner of the Nobel Prize, is located here.
View original language description ↓
Este Banco Comunal se llama “Cascada de Esperanza” está conformado por 18 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de perfumes, venta de ropa, venta de carteras, venta de comida rápida, realización de eventos, venta de pan, venta de accesorios de casa, servicios entre otros. Todos ellos pertenecientes a la ciudad de Valparaíso.
Maria, integrante del Banco Comunal, quien en la foto se encuentra sentada en primera fila, ocupando el primer lugar de derecha a izquierda, viste pantalón y chaqueta de color café, en sus piernas tiene su cartera de color negro, su cabello es de color castaño claro y lo usa corto.
Ella se dedica al rubro de venta de comida, desde hace 3 años. Comenta que trabaja en su casa, ofreciendo todo tipo de comidas, además de la preparación de empanadas, trabaja de lunes a lunes y su horario lo distribuye de acuerdo a su disponibilidad, también realiza la venta de perfumes y mercadería en general en su negocio que está habilitado en una parte de su casa.
La mercadería e insumos que va necesitando para la venta de comida los compra en varias partes como supermercados, carnicerías, molinos (harina a muy buen precio) bodegas, y la ropa, perfumes y accesorios en la ciudad de Santiago a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará carne, cebollas,aceite y algunos adornos navideños, juguetes, ropa interior.
Una de las metas de Maria es seguir con el negocio, crecer aun más, así con esto optar a una mejor calidad de vida.
Maria vive junto a su esposo. Sus sueños a nivel personal y familiar tener unas lindas y largas vacaciones junto a su esposo para relajarse y disfrutar de un nuevo paisaje.
Ella se encuentra muy contenta y agradecida de la oportunidad brindada por Fondo Esperanza, ya que le permitirá invertir en su negocio. Respecto al grupo del Banco Comunal del cual forma parte, comenta que en éste existe muy buena comunicación. 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

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 484.9
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Cascada De Esperanza Group's $4,650 loan helped a member to buy meat, onions, cooking oil, and some Christmas decorations, toys, and underwear.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2012
Listed
Nov 21, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013