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Brilla El Sol Group
In this Group: Marisol Angelica, Yorna Eveline, Silvia Carmen, Pamela Victoria, Ruth Esterlina, Rita Del Carmen, Mirta Cecilia, Johana Elizabeth, Isabel Del Carmen, Jose Del Carmen, Zunilda Del Carmen, Oscar Gustavo, Jeanette Patricia, Victoria Leon, Luz Estrella, Gloria Jeannette, Ruby Del Carmen, Ana Maria, Maria Gabriela
"Brilla el Sol" is a communal bank located in the Vlll Bío Bío Region. Ruby, who is standing on the right side with a green T-shirt and glasses, is one of the members and this is her account of how it has been to participate in Fondo Esperanza. In the communal bank in which she participates, the members, including her, work selling their products in the Candelaria market. Some of them sell used clothing, carts for the market, brushes, ceramics and footwear.

Ruby sells frozen products such as hake, shrimp, frozen french fries and potato puffs, as well as frozen vegetables such as corn, lima beans, green beans, carrots and peas. She started her business two years ago when she took a course in the town of San Pedro, where she was trained in food handling, which helped her get into what now is her business.

She has had quite a few challenges, but has always been fully supported by her family, and more now by her son, who helps her to promote her products via the Internet. When they get customers, he is the one responsible for helping her transport the products so that they stay frozen.

With her effort and savings she has been able to buy herself a small used car that has been useful in transporting her products. The loan she will be able to access will enable her to stock more products to sell. At this time of year here in Chile, because it is Holy Week, people don't eat meat, only seafood products, and she would sell much more, which would be very good for her business—so she projects that it would be a very good sales period.

At Fondo Esperanza, she has got to gotten to know very good people, and besides her participation has been rewarding, also helping her to have a much greater desire to succeed. There is a lot of respect there and help from the advisers. She also tells us that she has made friends through her communal bank, as when the day comes to make a payment for previous loans, they get together with their fellow members and prepare a light meal, making cakes or cookies. In short, a rewarding experience.
View original language description ↓
Brilla el Sol, es un Banco Comunal ubicado en la VIII Región del Biobío, Ruby, que está parada al costado derecho con polera verde y de lentes, es una de sus socias, la cual nos entrega su testimonio de como ha sido participar de Fondo Esperanza. En el Banco Comunal en el cual participa, los socios y ella, trabajan ofreciendo sus productos en la Feria Candelaria, algunos de ellos venden Ropa Usada, carros para la feria, escobillones, cerámica, calzado; y Ruby se dedica a la venta de productos congelados, como lo son la merluza, camarones, para pre-fritas, papas duquesas, jaiba, además de vegetales congelados como choclo, habas, porotos verdes, zanahoria y arvejas. Su negocio lo comenzó hace dos años, cuando en un curso hecho ne la Municipalidad de San Pedro, pudo capacitarse como manipuladora de alimentos lo que le ayudo a facilitar lo que ahora es su trabajo. Desafíos ha tenido bastantes, pero siempre ha sido totalmente apoyada por su familia, y más ahora por su hijo, quien le ayuda a promocionar sus productos por internet y cuando captan clientes es él el encargado de ayudarla en el traslado de los productos para que conserven su congelado. Con su esfuerzo y ahorro ha podido comprarse un auto usado y pequeño, pero que le ha servido para el traslado de sus productos. El préstamo al que podrá acceder le servirá justamente para poder abastecerse de más productos para poder vender, en estas fechas acá en Chile, por ser semana Santa, las personas no consumen carne, solo productos del mar, y así ella vendería mucho más, lo cual sería muy bueno para su negocio, así proyecta que sería un muy buen periodo. En Fondo Esperanza, ha conocido muy buenas personas, además de ser una participación gratificante, ayudándola también a tener muchas más ganas de surgir, en donde hay mucho respeto y ayuda de partes de los asesores. Nos cuanta además que encontró amigas en su Banco Comunal, ya que el día que les toco pagar alguna cuota de créditos anteriores, se juntaban con sus compañeras y se disponían a compartir de una once preparadas por ellas, haciendo queques o galletas. En resumen una participación gratificante.

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

  • $19,100
    Average annual income
  • 0
    View loans »
    Chile Loans Fundraising
  • $2,637,700
    Funds lent in using Kiva
  • 473.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Brilla El Sol Group's $3,500 loan helped a member to buy frozen food products.
100% repaid
Repayment Term
5 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Mar 8, 2013
Listed
Mar 29, 2013
Currency Exchange Loss:
Possible
Ended:
Jul 19, 2013