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Mayllen Group
In this Group: Maria, Edith, Adela, Denisse, Alejandra, Tatiana, Daniela, Stephanie, Miriam, Juana, Luisa, Maria, Silvana, Olga, Paola, Paola, Rosa
This communal bank, Mayllen, is made up of 17 entrepreneurs who make a living in various sectors, including a bakery, meat pie and "sopaipilla" [fried pastry] sales, clothing sales, lingerie, market merchants, wrapping paper sales, watch and bracelet sales, services, and other activities. All of them are from the community of Conchalí, located in the city of Santiago.

María is a member of the communal bank. In the photo she's standing in the first row, the third from the left, wearing a dark blue t-shirt. Her dark-brown hair is on the short side, and she's wearing sunglasses on her head.

María has made a living for four years with a bakery. She says she works in a space she rents across from her house. She makes bread, meat pies, and sopaipillas. She makes home deliveries and her busiest sales days are the weekends. She buys the merchandise and supplies she needs in various supermarkets and distributors, where she gets most of her supplies at a low cost, so it's economically fair.

With the loan she'll buy eggs, raisins, oil, gas, flour, butter, salt, and napkins.

One of María's goals is to continue in the field and grow more every day, increasing her sales and adding other food products for her customers. This way she'll have a better quality of life. María lives with her three children, ages 21, 14, and 9, and a granddaughter, age 1.

She's very grateful for and happy about the opportunity from Fondo Esperanza because it opened the door to a job. It also will allow her to invest in her business and her personal development, because she has learned to better organize her income and investments. With regard to the communal bank group of which she's a member, she says there's very good communication.

Conchalí is a community in the northern part of the Santiago Metropolitan Region (location of Santiago, the capital of Chile). It has a defined industrial area and many smaller-scale economic and commercial activities, including street markets, craft workshops, garages, bus terminals, and others. The microenterprise sector is very relevant to the commercial activity of the community.
View original language description ↓
Este Banco Comunal se llama “Mayllen” está conformado por 17 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; amasandería, venta de empanadas y sopaipillas, venta de ropa, lencería, feriantes, venta de papales de regalo, venta de relojes y pulseras, servicios entre otros. Todos ellos pertenecientes a la comuna de Conchalí, ubicada en la ciudad de Santiago.
Maria, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el tercero lugar, de izquierda a derecha, viste una polera de color azul oscuro, su cabello es de color castaño oscuro y lo usa semicorto, y lleva puesto unos lentes de sol en su cabeza.
Ella se dedica al rubro de amasandería, desde hace 4 años. Comenta que trabaja en un local que arrienda frente de su casa, prepara pan amasado, empanadas y sopaipillas, entrega a domicilio y los días de más venta son los fines de semana.
La mercadería e insumos que va necesitando los compra en diferentes supermercados y distribuidoras donde encuentra la mayoría de los insumos a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará huevos, pasas, aceite, gas, harina, mantequilla, sal, servilletas.
Una de las metas de Maria es seguir con el rubro y crecer cada dia mas, aumentando las ventas y agregando otros productos alimenticios para su clientela, así con esto optar a una mejor calidad de vida.
Maria vive junto a sus tres hijos de 21, 14 y 9 años de edad, y una nieta de 1 año de edad.
Ella está muy agradecida y contenta 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. Respecto al grupo del Banco Comunal del cual forma parte, comenta que en éste existe muy buena comunicación.
Conchalí es una comuna de la región metropolitana (donde está Santiago, capital de Chile) ubicada hacia el norte de la misma. Posee un barrio industrial delimitado, y múltiples actividades económicas y comerciales de pequeño tamaño, incluyendo ferias libres, talleres artesanales, garajes, terminales de buses, entre otros. El sector microempresarial es muy relevante en su actividad comercial.

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
  • 482.7
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Mayllen Group's $7,750 loan helped a member to buy eggs, raisins, oil, gas, flour, butter, salt, and napkins.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Nov 21, 2012
Listed
Nov 20, 2012
Currency Exchange Loss:
Possible
Ended:
Mar 15, 2013