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El Exito Group
In this Group: Maria, Daillana, Cecilia, Hugo, Maria, Erika, Maria, Cristian, Manuel, Maria, Angela, Maria, Patricia, Gabriela, Aurelio, Paula, Victoria, Ximena, Paloma
This communal bank is called "El Éxito" ("Success"). It is made up of 19 entrepreneurs who work in different fields, such as fast food, clothing, home goods, and jewelry sales, baking, knitting, and services, among others. All of the entrepreneurs belong to the city of Linares.

Maria is a member of the communal bank. In the photo above, she stands fifth from the left and is wearing a white vest and green shirt, with her dark brown hair tied up.

She has been working in charcoal sales for the past four years. She also sells sunflower seeds and ice cream. She has a small business in her house and works from Monday to Sunday. She arranges her schedule according to her availability.

She buys the merchandise and supplies she needs from a business in front of her house at a low cost, so that it is financially convenient.

With this loan, she will buy charcoal and sunflower seeds.

One of Maria's goals is to continue in this field and grow daily, in order to generate more income and have a better quality of life. She lives with her husband and her two children, ages 14 and 22. Her dream on the business level is to grow her business and sell other types of merchandise in addition to what she currently sells. In terms of her family, her dream is to provide a good living for her family.

She is very happy and grateful for the opportunity to invest in her business which has been granted to her by Fondo Esperanza. She also feels very comfortable with the group, because they are united.

Linares is an important urban center in the region of Maule, located in the central area of the country. In this area, agricultural production is very important, as well as wine growing, especially for export. Some important crops are grains (rice, wheat, corn, and oats), vegetables (beets, cabbage, lettuce, chard, and legumes), and fruit. Linares is the main province for the production of rice in Chile. In fact, 78% of the national rice production takes place in this province, especially in the town of Parral.
View original language description ↓
Este Banco Comunal se llama “El Éxito” está conformado por 19 emprendedores quienes se dedican a diferentes rubros entre los cuales se encuentran; amasandería, venta de comida rápida, venta de ropa, venta de articulos para el hogar, tejidos, venta de joyas, servicios entre otros. Todos ellos pertenecientes a la ciudad de Linares.
Marta, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie, ocupando el quinto lugar de izquierda a derecha, viste chaleco de color blanco y blusa de color verde, su cabello lo usa tomado y es de color castaño oscuro.
Ella se dedica a la venta de carbón, desde hace 4 años. Comenta que además vende semillas de maravillas y helados, tiene un pequeño negocio establecido en su casa y trabaja de lunes a domingo y su horario lo distribuye de acuerdo a su disponibilidad.
La mercadería e insumos que va necesitando los compra en un negocio que se encuentra al frente de su casa encontrando la mercadería a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará carbón y semillas de maravilla.
Una de las metas de Maria es continuar con su rubro y crecer dia a dia, así con esto generar mayores ingresos y optar a una mejor calidad de vida.
Maria vive junto a su esposo y dos hijos de 22 y 14 años de edad. Sus sueños a nivel laboral crecer con su negocio y poder vender otro tipo de mercadería además del que ya vende, y a nivel familiar darles un buen pasar a su familia.
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.
Linares es un importante centro urbano de la región del Maule, ubicado en la zona centro del país. En esta zona se desarrolla de manera importante la producción agrícola y también vitivinícola sobresaliendo en el ámbito de las exportaciones. Destacan los cultivos de cereales (arroz, trigo, maíz y avena), hortalizas (remolacha, repollo, lechuga y acelga y legumbres) y frutas. Linares es la principal provincia productora de arroz, en Chile; de hecho, el 78% de la producción nacional de este cereal se da en esta provincia, especialmente en la comuna de Parral.

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
  • $2,552,775
    Funds lent in using Kiva
  • 475.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Exito Group's $5,975 loan helped a member to buy charcoal and sunflower seeds.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2012
Listed
Dec 21, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013