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La Ilusion De Cholchol Group
In this Group: Nancy, Maria Isabel, Yasna, Johanna, Claudia, Sylvia, Bernardita, Helia, Juan, Pedro, Ana Maria, Mirta, Girbet, Ines, Andris, Romina, Elisa, Cecilia, Yeny, Maria
This communal bank is called “Las Ilusiones de Chol Chol”. It is made up of 20 entrepreneurs who work in different areas. Among them are: selling clothes, selling shoes, pastries, selling merken peppers (a food condiment), selling metallic structures, services and more. All of them live in the city of Temuco.

Nancy is a member of the communal bank. In the photo she is standing in the first row, second from the right. She is wearing a black shirt with flowers. Her hair is dark brown and it is loose. She has sold linens for 3 years. She says that she sells sheets, bedspreads, comforters, towels, and tablecloths at her customers' homes. Her schedule is according to her availability.

She buys the merchandise and materials that she needs in the city of Santiago, because there is a lot of variety and quality of home products at a low price, so it works out financially. With the loan, she will buy sheets, tablecloths, and towels. One of Nancy's goals is to continue working in this areas and be able to have a locale where she can offer her merchandise to her customers. This way, she will generate more income and contribute for the family expenses and give her daughter the best.

Nancy lives with her 19 year old daughter. Her work dreams are to have a bigger locale where she can keep offering linens and other articles for the home. She is very happy for the opportunity offered by Fondo Esperanza to invest in her business. In addition, she feels very comfortable with the group she participates in, since they are close and there is good communication.

Temuco is the capital of the Araucanía region. The city is located 670 kilometers south of Santiago (the capital of Chile). Nearby are a series of lake beaches (Pucón, Villarrica) and very striking native flora and fauna concentrated in the nearby natural parks. It is worth noting that in this region lives 50% of the Mapuches, an indigenous people from our country.
View original language description ↓
Este Banco Comunal se llama “Las Ilusiones de Chol Chol” está conformado por 20 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de ropa, venta de zapatos, repostería, venta de ají merken (condimento para las comidas), venta de estructuras metálicas, servicios entre otros. Todos ellos pertenecientes a la Ciudad de Temuco.
Nancy, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el segundo lugar de derecha a izquierda, viste polera de color nagra con flores, su cabello es de color castaño oscuro y lo usa suelto.
Ella se dedica la rubro de venta de ropa para el hogar desde hace 3 años. Comenta que ofrece sabanas, cobertores, plumones, toallas, manteles, en los domicilios de su clientela, su horario lo distribuye de acuerdo a su disponibilidad.
La mercadería e insumos que va necesitando los compra en la ciudad de Santiago, ya que encuentra gran variedad y calidad en los productos para la casa a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará sabanas, manteles, toallas.
Una de las metas de Nancy es continuar en su rubro y poder tener un local donde pueda ofrecer su mercadería a su clientela, así generar mayores ingresos y aportar con los gastos familiares y darle lo mejor a su hija.
Nancy vive junto a su esposo y su hija de 19 años de edad. Sus sueños a nivel laboral tener un negocio más grande donde siga ofreciendo ropa y además incluir articulos para el hogar.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo Esperanza para invertir en su negocio. Además se siente muy cómoda con el grupo que participa, ya que son unidos y existe una muy buena comunicación.
Temuco es la capital de la región de la Araucanía. La ciudad se ubica a 670 kilómetros al sur de Santiago (capital de Chile). En sus alrededores se ubican una serie de balnearios lacustres (Pucón, Villarrica) y una flora y fauna nativa muy llamativas, concentrada en parques naturales cercanos. Cabe destacar que en esta región habita el 50% de los mapuches, pueblo indígena, existente en nuestro país.

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
  • $2,637,700
    Funds lent in using Kiva
  • 475.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Ilusion De Cholchol Group's $3,500 loan helped a member to buy sheets, tablecloths and towels.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 20, 2012
Listed
Dec 20, 2012
Currency Exchange Loss:
Possible
Ended:
May 17, 2013