Los Vecinos Group
Jennifer, a member of the communal bank, can be found in the photo in the 3rd row (from the back), 2nd from the left, with light brown hair and wearing a fuchsia sweater. She prepares and sells fast food, especially pizzas, French fries, pies, sopaipillas [fried dough], tea and coffee. Her sales take place at home, outside her house.
She has been working in this field for 10 years and 2 years ago she began selling from her own home. She buys her supplies in La Vega (for fair trade) once a week. She comments that business is going very well. Jennifer works Thursday, Friday, Saturday and Sunday. With this loan she will buy large containers of oil, paper bags, flour, pasta and drinks. Her goal is to be more established and have a kiosk outside her house.
Jennifer lives with her husband, her 2 daughters who are 7 and 3 years old, together with her father, brother, and sister-in-law.
Her dream is to become a nurse. She is very happy and grateful for the loans and services provided by Fondo Esperanza [Hope Fund]. This group in which she participates is united and committed.
Recoleta is one of the 34 districts of Santiago (capital of Chile) and is located in the north-central metropolitan area of Santiago. It has an active trade highlighted by the commercial village of Patronato, originally mostly Arab traders, but today mostly Koreans.
Jennifer integrante del grupo del Banco comunal, quien en la foto se encuentra en la tercera fila, ocupando el segundo lugar de izquierda a derecha, su cabello es castaño claro y viste un sweater color fucsia.
Se dedica a preparar y vender comida rápida, específicamente pizzas, papas fritas, empanadas, sopaipillas, té y café. Sus ventas las realiza afuera de su casa.
Trabaja en éste rubro desde hace 10 años y desde hace 2 años en forma particular, desde su domicilio particular. Sus insumos los compra en la vega (feria para comerciantes), ahí compra una vez por semana.
Comenta que su clientela va muy bien.
Jennifer trabaja los días jueves, viernes, sábado y domingo.
Con el crédito comprará bidones de aceite, bolsas de papel, harina, masas y bebidas.
Sus metas son tener un kiosco afuera de su casa, de manera más establecida.
Jennifer vive junto a su esposo, sus dos hijas de 7 y 3 años de edad, además junto a su padre, hermano y cuñada.
Sus sueños son estudiar la carrera de enfermería.
Ella está muy contenta y agradecida de los créditos y servicios otorgados por Fondo Esperanza, el grupo en del cual participa es unido y comprometido.
Recoleta es una de las 34 comunas de Santiago (capital de Chile) y se encuentra ubicada en el sector centro-norte del Santiago, región metropolitana. Cuenta con un activo comercio, destacando el barrio comercial de Patronato que ha acogido principalmente a comerciantes árabes (en un principio) y coreanos (en la actualidad).
About Fondo EsperanzaFondo 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.
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Success!! The loan was 100% repaid