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Las Exitosas Group
In this Group: Jacqueline Graciela, Olga Del Carmen, Viviana Ester, Irma Ines, Blanca Nieves, Viviana Andrea, Roxana Isabel, Lilia Mildred Del Carmen, Grisol Pollet, Maria Del Carmen, Johanna Karina, Yessica Ivon, Yubistza Scarlete, Ximena Alejandra, Marcela Ivonne, Maria Amalia, Magaly Irene, Viviana Teresa
"Las Exitosas" is a communal bank located in the city of Concepción. It is here that we meet Ximena, who, in the photo, is standing on the right, with long, straight dark hair. In this communal bank there are various types of business, including selling new and used clothing, a machine shop, and members selling perfumes, jewellery, bread, creams and make-up. Ximena sells clothes and accessories (such as cigar cases) as well as muscle-relaxing creams and hair products. Ximena quit her job three years ago and was motivated to start working independently. At the time she made a living selling jewellery, make-up, massages and creams for pain relief. She started with $20,000 of capital though she had many problems with payments as, while customers were buying her products, they did not pay immediately and when Ximena later went to collect the payments people had changed address. This was a big problem in the beginning when she was starting out but it still helped her to learn and to strengthen her business little by little. She also has no competition for her business so it is quite secure and since she has started working she has been able to attract clients. Ximena tells us that she will use this loan to buy clothes, thus expanding her business mission which is to do with helping women to feel even more beautiful. Ximena hopes and really wants that the loan will help her to have a good and successful year. She is very grateful to "Fondo Esperanza" for not just providing financial resources but also for being an important help in providing training. "Fondo Esperanza" is always on the lookout to see how they can help people fulfill their dreams.
View original language description ↓
Las Exitosas, es un Banco Comunal que se ubica en la ciudad de Concepción, y acá encontramos a la señora Ximena, que en la foto se encuentra parada al costado derecho de blusa color sandia y pelo negro liso largo. En el Banco Comunal de Las Exitosas hay diversos rubros entre los cuales encontramos venta de ropa nueva y usada, tornería mecánica, perfumes, joyas, panadería, cremas y maquillaje. La señora Ximena vende ropa, accesorios como cigarreras, además de cremas reductoras y para el pelo. Hace tres años renuncio a su trabajo y fue el impulso para que trabajara de manera independiente, en ese tiempo se dedico a vender joyas, maquillaje, masajes reductores, cremas reductoras, y empezó con un capital de solo $20.000, aunque tuvo una buena llegada los problemas fueron apareciendo en el momento de que las clientas le pagaran porque muchas personas le compraban pero no le pagaban de inmediato y al momento en que Ximena les iba a cobrar, ellas ya no trabajaban en ese lugar o simplemente se habían cambiado de casa, ese fue un gran problema al principio cuando estaba empezando con su pequeño negocio, pero eso de todas maneras le ayudo para aprender y así fortalecer de a poco su negocio; además de no tener competencia en su rubro, por lo cual es un negocio seguro ya que, por el tiempo que lleva trabajando, ha podido hacerse de clientas . Ximena nos cuenta que el préstamo lo ocupará para comprar ropa y así poder ampliar aun mas su rubro, que tiene que ver con ayudar a que la mujeres se sientan aun más bonitas. Ella espera y tiene todas las ganas de que al momento de recibir su crédito, éste le ayude para que sea un buen año y exitoso, además de estar completamente agradecida con Fondo Esperanza por no solo entregarle ayuda económica, sino también por ser una ayuda integral en donde además las capacitan y siempre están pendientes de la ayuda que necesiten para poder cumplir sus sueños.

Additional Information

More information about this loan


This loan targets populations in financially underserved regions of Chile. Thanks to its numerous branches, Fondo Esperanza is present nationwide and offers loans to micro-entrepreneurs in a country known for its limited microfinance industry. This Kiva loan enables entrepreneurs to maintain their current businesses in areas where Fondo Esperanza is the only available and accessible financial institution.

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
  • 473.1
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Exitosas Group's $4,325 loan helped a member to buy clothes.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 7, 2013
Listed
Mar 27, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 19, 2013