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Alto Vuelo Group
In this Group: Juana, Juana, Carmen, Fresia, Claudia, Lilian, Sandra, Iris, Andrea, Eglantina, Maria, Maria, Maria, Teresa, Patricia, Patricio, Gabriela, Ingrid, Cristian, Anaiza, Gladys
This communal bank is called "Alto Vuelo" (High Flight). It consists of 21 entrepreneurs who work in various areas, among which are: selling paintings, selling clothing, selling bread, selling fast food, selling charcoal, selling perfume, and services, among others. All the members are from the city of Concepción..

Juana, a member of this communal bank, is standing in the photo. She is in the sixth place going from right to left. She is wearing a blue T-shirt with white dots. Her hair is tied back, and in her hands she has a folder.

She has been selling general merchandise for a month. She comments that she furnished a space beside her house to set up her store. She works from Monday to Sunday from 7:00 am until 9:00 pm. She offers her customers all types of candy, merchandise, and groceries. She buys the merchandise and supplies that she needs to stock her store in various supermarkets at low cost, thus it is economically expedient. With the loan, she will buy a display case to arrange her merchandise.

One of Juana's goals is to continue growing and to generate more income to opt for a better quality of life and offer a good step forward to her children. Juana lives with her husband and their two children, ages 20 and 10, who are in school. Her dreams for her work are to enlarge her shop and have more merchandise to offer her customers, and for her family, to offer a good education to her children.

She is very happy and grateful for the opportunity offered through Fondo Esperanza, since it will allow her to invest in her business. With regard to the communal bank of which she is a part, she comments that there is very good communication in the group. In addition, the training has served her by allowing her to learn new strategies for sales and accounting.

Concepción was settled at the mouth of the Bíobío river, one of the largest in the country, in the south of Chile in the Bíobío region. An important part of Chile's history, being the seat of important battles and substantial settlement, especially during the War of Arauco, because it was on the border of the Mapuche territory. Now the city has important economic and demographic development, having come to be considered one of the most important demographic, administrative, financial, and commercial urban centers of Chile, after Santiago and Valparaíso.
View original language description ↓
Este Banco Comunal se llama “Alto Vuelo” está conformado por 21 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de cuadros, venta de ropa, venta de pan, venta de comida rápida, venta de carbón, venta de perfumes, servicios entre otros. Todos ellos pertenecientes a la ciudad de Concepción.
Juana, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie, ocupando el sexto lugar de derecha a izquierda, viste una polera azul con pintitas blancas, su cabello lo usa tomado, y en sus manos sostiene una carpeta.
Ella se dedica al rubro de venta de bazar, desde hace 1 mes. Comenta que habilitó un espacio al lado de su casa para instalar su bazar, trabaja de lunes a domingo de las 07ºº hasta las 21ºº horas, ofrece todo lo que es confitería, mercadería y abarrotes.
La mercadería e insumos que va necesitando para abastecer su bazar las compra en diferentes supermercados a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará una vitrina para colocar su mercadería.
Una de las metas de Juana es seguir creciendo y generar más ingresos para optar a una mejor calidad de vida y brindarles un buen pasa a sus hijos.
Juana vive junto a su esposo y dos hijos de 20 y 10 años de edad, quienes se encuentran estudiando. Sus sueños a nivel laboral es agrandar su bazar y tener más mercadería, y a nivel familiar darles una buena educación a sus hijos.
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.
Concepción, está asentada en la desembocadura del río Biobío, uno de los más grandes del país, al sur de Chile, en la región del Bíobío. Siendo sede de importantes batallas y asentamiento relevante, especialmente durante la Guerra de Arauco, por estar en la frontera con territorio mapuche. Actualmente la ciudad posee un importante desarrollo económico y demográfico, llegando a ser considerada como uno de los núcleos urbanos, demográfico, administrativo, financiero y comercial más relevantes de Chile, después de Santiago y Valparaíso.

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
  • 482.7
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Alto Vuelo Group's $4,350 loan helped a member to buy a display case to arrange her merchandise.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Nov 19, 2012
Nov 21, 2012
Currency Exchange Loss:
Apr 17, 2013