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La Ilusiones Group
In this Group: Monica, Arlette, Daniza, Ruth, Maria Eugenia, Juana, Ivan, Maria Teresa, Isolina, Patricia, Miriam, Nicole, Yesica, Paula, Yanitza, Valeska
This communal bank is called “Las Ilusiones” and it has 16 members who are in different lines of work among which is clothing sales, store, assorted merchandise sales, bread sales and services, among others. All are from the city of Villarrica.

Monica is a member of this communal bank and in the photo she’s standing in the first row, fifth from right to left, wearing a black and gray jacket, blue jeans, brown shoes; her hair is dark brown and she wears it up.

She has been selling salads for three months. She comments that she sells them from house to house and to her family members. She works every day and her work schedule is arranged according to her availability since her children are still little.

Merchandise she needs she buys in fruit stores where she finds everything fresher and at a lower price which is advantageous economically. She will use the loan to buy an assortment of salads and some items for the Christmas season.

One of Monica’s goals is to have an established site with all permits up to date and to provide good customer service while generating higher income for a better quality of life.

Monica lives with her husband and two children who are 2 and 5 years old. Her dreams on a family level is to provide well for her children and on a work level is to have a site where she can sell other things besides salads.

She is very grateful and happy for the support provided by Fondo Esperanza to invest in her business; she also feels very comfortable in the group she’s part of because very good communication exists between them.

Villarrica is a city in south Chile located in the Araucanía region. It’s a small city but it has all basic and tourism services. It is one of the main service centers for the mountain region and main regional tourism center along with Pucón. During the summer, numerous activities, cultural and artistic events and sporting events take place; it’s also home to innumerable ecotourism and extreme sport adventure options.
View original language description ↓
Este Banco Comunal se llama “Las Ilusiones” está conformado por 16 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran ; venta de ropa, almacén, venta de articulos varios, venta de artesanía, venta de pan, servicios entre otros. Todos ellos pertenecientes a la ciudad de Villarrica.
Monica, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el quinto lugar de derecha a izquierda, viste una chaqueta de color negra con gris, blue jeans, zapatos color café, su cabello es castaño oscuro y lo usa tomado.
Ella se dedica a la venta de ensaladas desde hace 3 meses. Comenta que ofrece sus ensaladas de casa en casa y con familiares, trabaja todos los días y su horario lo distribuye de acuerdo a su disponibilidad ya que sus hijos son pequeños.
La mercadería que va necesitando la compra en fruterías donde encuentra todo más fresco y a bajo costo por lo tanto conveniente económicamente.
Con el crédito comprará surtidos de ensaladas y algunos articulos para la temporada de navidad.
Una de las metas de Monica es tener un local establecido con todos los papeles al dia, y dar una buena atención a su clientela, y a la vez generar mayores ingresos para una mejor calidad de vida.
Monica vive junto a su marido y sus dos hijos de 2 y 5 años de edad. Sus sueños a nivel familiar darle un buen pasar a sus hijos, y a nivel laboral tener un local donde pueda vender mas cosas a parte de sus ensaladas.
Ella está muy agradecida y contenta por el apoyo brindado por Fondo Esperanza para invertir en su negocio. Además se siente muy cómoda con el grupo que participa, ya que en éste existe muy buena comunicación.
Villarrica es una ciudad al sur de Chile, ubicada en la región de La Araucanía. Es una ciudad pequeña, pero cuenta con todos los servicios básicos y turísticos, siendo uno de los principales centros de servicios del área cordillerana y principal centro turístico de la región, junto con Pucón. Durante los meses de verano se realizan numerosas actividades y eventos culturales, artísticos y deportivos, Además de las innumerables alternativas de Ecoturismo, Turismo Aventura y Etnoturismo.

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
  • 1
    View loans »
    Chile Loans Fundraising
  • $2,587,775
    Funds lent in using Kiva
  • 475.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of La Ilusiones Group's $3,450 loan helped a member to buy salads and some Christmas items.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 13, 2012
Listed
Dec 20, 2012
Currency Exchange Loss:
Possible
Ended:
Jul 19, 2013