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Nuevo Horizonte Angostura Group
In this Group: Karina, Jovina, Maria, Jorge, Samuel, Ivett, Roberto, Rosa, Corina, Fresia, Juan, Rodolfo, Ana, Maria, Natalia, Mackarenna, Juan
This communal bank is called “Nuevo Horizante de Angostura”. It is composed of 17 entrepreneurs who work in various fields, among which are: selling cakes, clothing sales, selling plastic products, selling beauty products, and services, among others. All of them live in the city of Rancagua.

Karina, a member of the communal bank, is in the photo standing in the second row and second from the right. She is wearing a green shirt; her hair is light brown and she wears it long and braided.

She has worked in tailoring for 1 year. She says that she works during the day in her house. She has a small shop located in the living room of her house. She takes orders from her customers, relatives, and does deliveries.

She purchases the merchandise and supplies that she needs to make blankets and curtains in the city of Santiago, as she can find a wide variety of merchandise and colors at a low cost, and therefore it’s economically convenient.

With the loan, she will buy merchandise and a used Overlock sewing machine.

One of Karina’s goals is to build a room, relocate her shop as is fitting and clear out her living room, and therefore attend to her customers in a more satisfactory way.

Karina lives with her husband and three children ages 12, 8, and 1 years. Her dreams on a work level are to believe in her business in order to generate more income and give her children a better educational future. She is very happy and grateful for the opportunity offered by Fondo Esperanza, since it will allow her to invest in her business.

With respect to the communal bank group which she is a part of, she says that within it, there exists very good communication. On the other hand, the trainings have helped her to learn new sales and bookkeeping strategies.

Rancagua belongs to the Libertador Bernardo O’Higgins region. It’s a modern city that regulates the main agricultural production and exportation process for fruit and wine grapes in Chile. It is also a mining city, due to the fact that in its mountain range is found the largest subterranean mine in the world, “El Teniente,” with 4,500 kilometers of tunnels.
View original language description ↓
Este Banco Comunal se llama “Nuevo Horizonte de Angostura” está conformado por 17 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de pasteles, venta de ropa, venta de productos plásticos, venta de productos de belleza, servicios entre otros. Todos ellos pertenecientes a la ciudad de Rancagua.
Karina, integrante del grupo del Banco Comunal, quien en la foto se encuentra de pie en primera fila, ocupando el segundo lugar de derecha a izquierda, viste polera de color verde, su cabello es de color castaño claro y lo usa largo y tomado.
Ella se dedica al rubro de confección, desde hace 1 año. Comenta que trabaja dia por medio, en su casa tiene un pequeño taller que lo ubica en el living de su casa, trabaja por pedidos de su clientela, a domicilio y a familiares.
La mercadería e insumos que va necesitando para sus confecciones de manteles y cortinas, las compra en la cuidad de Santiago, ya que encuentra gran variedad de géneros y colores a bajo costo, por lo tanto conveniente económicamente.
Con el crédito comprará géneros y una maquina overlock usada.
Una de las metas de Karina es hacer una pieza y ubicar su taller como corresponde y dejar su living despejado, y así atender a su clientela de manera más satisfactoria.
Karina vive junto a su esposo y tres hijos de 12, 8 un año de edad. Sus sueños a nivel laboral es creer con su negocio para genera mayores ingresos y darles un buen futuro escolar a sus hijos.
Ella se encuentra muy contenta y agradecida de la oportunidad brindada por Fondo Esperanza, ya que le permitirá invertir en su negocio. Respecto al grupo del Banco Comunal del cual forma parte, comenta que en éste existe muy buena comunicación. Por otro lado las capacitaciones, le han servido para aprender nuevas estrategias de venta y contabilidad.
Rancagua pertenece a la región del Libertador Bernardo O´Higgins. Es una moderna ciudad que regula el principal proceso productivo y exportador agrofrutícola y vitivinícola de Chile. Es también una ciudad minera, debido a que en su cordillera se encuentra la mina subterránea más grande del mundo “El Teniente”, con 4.500 km. de túneles.

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
  • $2,637,700
    Funds lent in using Kiva
  • 474.7
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Nuevo Horizonte Angostura Group's $4,750 loan helped a member to purchase merchandise and a used Overlock sewing machine.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 11, 2013
Listed
Jan 17, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2013