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Las Farkas Group
In this Group: Marcia, Yarela, Luisa, Paulina, Blanca, Guillermina, Catherine, Yoana, Priscila, Blanca, Nelly, Maria, Ximena, Palmenia, Natacha
This communal bank is called “Las Farkas” and it has 15 entrepreneurs who are in a variety of lines of work among which are: Internet access service, room rentals, street merchants, toy sales, clothes sales, sausage sales, perfume sales, vegetable sales and services, among others. All are from the city of Puerto Montt.

Marcia, a communal bank member, appears standing in the rear of the group in the photo; she’s fourth from right to left with her hair gathered up.

She’s been a merchant for the last five years. She comments that she set aside space at home for her store and to take care of customers. She sells a little bit of everything: soft-drinks, meats, dairy products, cakes, pies and assorted merchandise. She opens at 9:30 am and closes at 11pm.

She buys the merchandise she needs in various supermarkets and suppliers where she finds the merchandise at low cost which is advantageous economically. She will use the loan to buy a freezer.

One of Marcia’s goals is to grow day to day and that the business continues growing and to attract more customers in order to generate higher income and good family well-being. Marcia lives with her husband and two children who are 20 and 10 years of age. Her dream for her family is to go on a family trip.

She is very happy and grateful to Fondo Esperanza because it has given her the opportunity to invest and surge forward in her business. Marcia has a very good relationship with the group members. She’s been able to integrate everything she’s learned in the training courses into her store’s sales.

Puerto Montt is a city in southern Chile located in the Los Lagos Region. One of Puerto Montt’s attractions are its beautiful green scenery, its almost deserted beaches, its cuisine especially fish and seafood and its crafts. It’s also the entryway to the Great Island of Chiloé which is rich in tradition and legends.
View original language description ↓
Este Banco Comunal se llama “Las Farkas” está conformado por 15 emprendedoras quienes se dedican a diferentes rubros, entre los cuales se encuentran; centro de internet, arriendo de cuartos, feriantes, venta de juguetes, venta de ropa, venta de longanizas, venta de perfumes, venta de verduras, servicios entre otros. Todos ellos pertenecientes a la ciudad de Puerto Montt.
Marcia, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie hacia el fondo del grupo, ocupando el cuarto lugar de derecha a izquierda, su cabello lo usa tomado.
Ella se dedica al rubro de bazar, desde hace 5 años. Comenta que habilito un espacio en su casa para tener su local y atender a su clientela, ofrece de todo un poco como bebidas, carnes, lácteos, tortas, pasteles, mercadería variada, su negocio lo abre a las 09.30 horas, hasta las 23ºº horas.
La mercadería e insumos que va necesitando la compra en diferentes supermercados y distribuidoras donde encuentra su mercadería a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará una máquina para mantener los helados.
Una de las metas de Marcia es crecer dia a dia y que su negocio siga creciendo y atraer más clientela, así con esto generar mayores ingresos y un buen bienestar en familia.
Marcia vive junto a su esposo y dos hijos de 20 y 10 años de edad. Sus sueños a nivel familiar es poder hacer un viaje disfrutando con su familia.
Ella está muy contenta y agradecida de Fondo Esperanza, ya que le ha dado la oportunidad de invertir y surgir en su negocio. Marcia tiene una muy buena relación con las socias del grupo. Respecto a los cursos impartidos ha podido integrar todos los aprendizajes de venta a su negocio.
Puerto Montt es una ciudad del sur de Chile, ubicada en la región de Los Lagos. Una de las atracciones de Puerto Montt son sus bellos paisajes verdes; sus playas poco frecuentadas; su gastronomía y especialmente la reputación de sus pescados y mariscos y sus artesanías. Es también la puerta de entrada a la Isla Grande de Chiloé, rica en tradiciones y leyendas.


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
  • $2,587,775
    Funds lent in using Kiva
  • 475.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Farkas Group's $2,525 loan helped a member to buy a freezer.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 31, 2012
Listed
Jan 16, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013