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El Remolino Group
In this Group: Jacqueline, Luis, Rosa, Edith, William, Katherine, Claudia, Oscar, Laura, Solange, Lilian, Karen, Jose, Claudia, Jacqueline, Catherine, Paola, Nancy, Pamela, Maria, Rosa
This communal bank, El Remolino, is made up of 21 entrepreneurs who make a living in various businesses, including market stall, clothing sales, toy sales, lingerie, vegetable sales, household items sales, services, and other areas. All are from the community of Quilicura in the city of Santiago.

Jacqueline is the president of the communal bank group. In the photograph she's seated in the first row, the first from the left, wearing a black-and-white shirt. Her hair is dark brown and she's wearing it back with sunglasses on her head.

She has made a living in the open-air market and packaging business for two years. She says she sets up her stall in an open-air market, selling everything to her customers. She works Friday, Saturday, and Sunday according to her availability. She buys the merchandise and supplies she needs in the city of Santiago, where she finds a wide variety of articles and novelties at economically advantageous low costs.

With the loan she'll buy Christmas items and packaging products.

One of Jacqueline's goals is to grow and always have current merchandise to sell to her customers so she can generate greater income and have a better quality of life.

Jacqueline lives with her husband and her children, ages 10 and 9. Her dream for her family is to have her own house to give her children a good home; for work, to continue with her job and grow every day.

She's very grateful for and happy about this opportunity from Fondo Esperanza because it lets her invest in her business. She says the trainings have been fundamental for her business as well as her personal development because she has learned to better organize and distribute her income and investments.

Quilicura is a commune in the capital of Chile, located in the far northeast part of the metropolitan region. The origin of the name is from Mapudungun (the Mapuche language): "kila" 'three' and "kura" 'rock.' So the name Quilicura means "Three Rocks," the name given by the first inhabitants of this valley to the three hills that are perfectly visible.
View original language description ↓
Este Banco Comunal se llama “El Remolino” está conformado por 21 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; feriante, venta de ropa, venta de juguetes, lencería, venta de verduras, venta de articulos para el hogar, servicios entre otros. Todos ellos pertenecientes a la comuna de Quilicura, ubicada en la ciudad de Santiago.
Jacqueline, presidenta del grupo del Banco Comunal, quien en la foto se encuentra sentada en primera fila, ocupando el primer lugar de izquierda a derecha, viste una polera con colores blanco y negro, en su cabeza lleva unos lentes para el sol, y su pelo es de color castaño oscuro y lo usa tomado.
Ella se dedica al rubro de bazar y paquetería, desde hace 2 años. Comenta que trabaja en un persa donde ubica su puesto ofreciendo de todo a su clientela, trabaja los días viernes, sábado y domingo y su horario lo distribuye de acuerdo a su disponibilidad.
La mercadería e insumos que va necesitando los compra en la ciudad de Santiago, donde encuentra gran variedad de articulos y novedades a bajo costo por lo tanto conveniente económicamente.
Con el crédito comprará articulos para navidad y productos de paquetería.
Una de las metas de Jacqueline es crecer y tener siempre mercadería actualizada para ofrecer a su clientela, así con esto generar mayores ingresos y optar a una mejor calidad de vida.
Jacqueline vive junto a su esposo e hijos de 10 y dos de 9 años de edad. Sus sueños a nivel familiar es tener su casa propia para darles una buen pasar a sus hijos, y a nivel laboral continuar con el rubro y crecer dia a dia.
Ella está muy agradecida y contenta de la oportunidad brindada por Fondo Esperanza, ya que le permitirá invertir en su negocio. Comenta que las capacitaciones han sido fundamentales para su negocio y también para su desarrollo personal, ya que ha aprendido a organizar y distribuir de mejor manera sus ingresos e inversiones.
Comuna perteneciente a la capital de Chile, ubicada en el extremo noroeste de región metropolitana. El origen del nombre viene del mapudungun (lengua mapuche): "kila", que significa “tres” y "kura" que significa “piedra”, por lo que se deduce que el nombre equivale a "tres piedras", como el nombre que le dieron los primeros habitantes de este valle en referencia a los tres cerros que son perfectamente visibles.

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
  • 479.3
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Remolino Group's $6,325 loan helped a member to buy Christmas items and packaging products.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 7, 2012
Listed
Dec 26, 2012
Currency Exchange Loss:
Possible
Ended:
Apr 17, 2013