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Sinfonia Group
In this Group: Lorena, Marcelo, Jocelyn, Solange, Irma, Diego, Oriana, Miriam, Jessica, Daniela, Teresa, Elena, Laura, Juan Carlos, Maria, Magda, Armando, Camila, Maria, Carmen, Jose, Paola, Cristian
The “Sinfonía” ("Symphony") community bank consists of 23 entrepreneurs who make a living in different trades, among which are selling clothes, selling at flea markets, pastry-making, selling general supplies, selling cosmetics, selling plastics as well as other services. All of the members are from the city of Puerto Montt, Chile. Lorena, seen standing in the second row of the photo in the sixth spot from right to left in front of the window and wearing a black jacket, has made a living in pastry-making for the past 10 years. She says she works at home every day and at the moment is expanding a portion of her home to set up a store. She offers empanadas, artisan confectionery and curantos (a traditional dish from the Chiloe archipelago off the coast of Chile that is prepared in a pit with red-hot stones and seafood is thrown in - clams and mussels being most common - and then covered with leaves and vines). She purchases her supplies from supermarkets and distributors to get what she needs for her pastries and curantos at a low cost, making it economically desirable. With the loan, she plans to purchase more supplies as well as construction materials. One of Lorena's goals is to finish her expansion so she can set up her store and tend to her customers in a more orderly manner. Lorena lives with her husband and their four children, ages 21, 19, 14 and 8. Her dream for her career is to have her own store to generate more profits for her family and to pay for her children's education. She is very content and feels grateful for the opportunity provided by Kiva partner Fondo Esperanza, since it allows her to invest in her business. She says that the training she has received has been essential for her business as well as her personal development, since she has learned to better organize and manage her profits and investments. Puerto Montt is a city in the south of Chile located in the region of Los Lagos. Among the city's attractions are its beautiful green landscapes, its uncrowded beaches, its cuisine - especially its reputation for fish and seafood - and its arts and crafts. It is also the gateway to Greater Chiloe Island, rich in traditions and legends.
View original language description ↓
Este Banco Comunal se llama “Sinfonía” está conformado por 23 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de ropa, feriantes, repostería, venta de articulos varios, venta de cosméticos, venta de articulos plásticos, servicios entre otros. Todos ellos pertenecientes a la ciudad de Puerto Montt.
Lorena, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie en segunda fila, ocupando el sexto lugar de derecha a izquierda detrás de ella está la muralla y la ventana, viste chaleco de color negro, su cabello lo usa tomado.
Ella se dedica al rubro de repostería, desde hace 10 años. Comenta que trabaja en su casa todos los días, y en estos momentos se encuentra ampliando una parte de su casa para tener su local, ella ofrece empanadas, confitería artesanal, curantos (Plato tradicional del archipiélago de Chiloé, que se prepara en un hoyo, donde se introducen piedras que son calentadas al rojo vivo, antes de introducir una variedad de mariscos, siendo almejas, cholgas, navajuelas y picorocos los más habituales, que se cubren con hojas de panque o parra).
La mercadería que va necesitando la compra en supermercados y distribuidoras donde encuentra lo necesario para su repostería y sus curantos a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará mercadería y materiales de construcción.
Una de las metas de Lorena es terminar su ampliación para colocar su local y atender a su clientela de manera ordenada.
Lorena vive junto a su esposo y cuatro hijos de 21, 19, 14 y 8 años de edad. Sus sueños a nivel laboral es tener su local para generar más ingresos para su familia y darles una buena educación a sus hijos.
Ella está muy contenta y agradecida de la oportunidad brindada por Fondo Esperanza, ya que le permitirá invertir en sus 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.
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
  • $2,552,775
    Funds lent in using Kiva
  • 475.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Sinfonia Group's $6,600 loan helped a member to purchase merchandise and construction supplies.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 26, 2012
Listed
Jan 16, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013