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Jasmin Group
In this Group: Gloria, Ruth, Patricia, Erika, Juanita, Erika, Elvira, Yamaly, Ana , Monica, Carolina, Yolanda, Maria, Daniela, Pilar, Alejandro, Luis, Maria
The communal bank "Jazmin" is comprised of eighteen entrepreneurs who are involved in a variety of business activities. These include knitting and sewing businesses, restaurants, businesses that sell jewelry, clothing and fast food, as well as other types of businesses. All of the members are from the city of Chillán.

Gloria, the president of the communal bank, is standing in the third row of the photo and is the first person on the left. She is wearing blue jeans and a black shirt with markings. Her hair is dark brown, and she has bangs. There is a pair of sunglasses on top of her head.

Gloria has been selling fruits and vegetables for two years. She reports that she works every day in the city center of Chillán in a stall where she offers good, fresh merchandise. She buys her produce and supplies from markets or distributors where she can find all the fresh fruit and other merchandise she needs to offer to her customers. With this loan she will buy fresh fruits and vegetables.

One of Gloria's goals is to establish her business in the rear of her house, where she will be able to serve her customers in a more comfortable environment. She will also be able to add other types of merchandise and thus be able to generate more income for her family.

She lives with her husband, who supports her a great deal in her business. Her dream is to have her business in her home, since she very much enjoys the work. She also hopes that her family will have good health.

She is very grateful to Fondo Esperanza since they have given her the opportunity to invest in and grow her business. She has a very good relationship with the members of her community bank. She has learned a lot from the courses offered and has been able to apply what she has learned to her business.

Chillán is a community in the southern central zone of Chile. The name means "Seat of the Sun" in Mapudungun, the language of the indigenous Mapuches. It is also known as "The Cradle of the Country" or "Land of the Artists", owing to the fact that distinguished individuals in the history of Chile have come from here, such as the well-known pianist Claudio Arrau.
View original language description ↓
Este banco Comunal se llama “ Jazmín” está conformado por 18 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; feriantes, bazar, venta de ropa, venta de aros, tejido, comida rápida, costuras, venta de joyas, restaurant, servicios entre otros. Todos ellos pertenecientes a la ciudad de Chillán.
Gloria, presidenta del grupo del Banco Comunal, quien en la foto se encuentra de pie en tercera fila, ocupando el primer lugar de izquierda a derecha, viste blue jeans, blusa de color negro con adornos, su cabello es de color castaño oscuro, lo usa tomado y usa chasquillas, y en su cabeza sostiene unos lentes de sol.
Ella se dedica al rubro de venta de frutas y verduras, desde hace 2 años. Comenta que trabaja todos los días en el centro de la ciudad de Chillan en un puesto donde ofrece su mercadería fresca y buena.
La mercadería e insumos que va necesitando los compra en ferias o distribuidoras donde encuentra toda la fruta y mercadería fresca para ofrecerla a su clientela.
Con el crédito comprara, frutas y verduras frescas.
Una de las metas de Gloria es instalar un negocio en el antejardín de su casa, donde atienda de forma más cómoda y poder agregar otro tipo de mercadería, así con esto generar mayores ingresos para la familia.
Gloria vive junto a su esposo quien la apoya mucho en la venta de frutas y verduras. Sus sueños a nivel laboral es tener su negocio en su casa y a nivel familiar tener buena salud para poder continuar con el rubro que le gusta mucho y atender a su clientela.
Ella está muy contenta y agradecida de Fondo Esperanza, ya que le ha dado la oportunidad de invertir y surgir en su negocio. Gloria 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.
Chillán es una comuna de la zona centro sur de Chile. Su nombre significa “silla del sol” en mapudungun, idioma de nuestros indígenas mapuches. Chillán es conocida como “Cuna de la Patria” o “Tierra de Artistas”, debido a que en la ciudad han nacido destacados personajes de la historia de Chile, como por ejemplo el conocido pianista Claudio Arrau.

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
  • 474.7
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Jasmin Group's $7,825 loan helped a member to buy fresh fruits and vegetables.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Jan 10, 2013
Jan 17, 2013
Currency Exchange Loss:
May 17, 2013