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El Esfuerzo De Colon Group
In this Group: Francisca, Olivia , Sandra, Rosa, Maria, Nadia, Gloria, Maria, Elizabeth, Elena, Dominga, Ruben, Patricio, Felisa, Angela, Katherine, Ricardo
This communal bank is called “El Esfuerzo de Colon” (The Spirit of Colon) and has 17 entrepreneurs who are active in different trades, including sales of stuffed buns, clothing, plastics, groceries, bread dough, plus stallholders, services, and others. They all live in San Bernardo in Santiago city.

Francisca, secretary of the communal bank group, who in the photo is seated in the 1st row, second from the left, wearing a blue polo shirt under a black jacket, with glasses and her hair is 'tomado'. She is a merchant who has been selling used clothing for roughly 1 year from her own home. She buys her merchandise in Santiago. With her loan, Francisca will buy more clothing for persons of all ages. Her goals are to be able to have a stall in the market, and to generate a larger income, and thus obtain a better quality of life.

Francisca lives with her 2 daughters, aged 23 and 27, who are both working. Her dreams are to acquire a stall in the Persa market, to sell new clothes. Francisca is very content and grateful for the loan and services offered by Fondo Esperanza. In addition, she feels very comfortable with the reunions and her communal bank group because of the generosity and unity.

San Bernardo is a city located 18 kilometers on a straight line to the south from the Plaza de Armas in Santiago (Chile's capital). It is well known as the folklore capital, since every year, in January, they hold the “Festival Internacional del Folklore” (International Folklore Festival) there. At this event, the roots of the country are recognized and musical groups from all of South America attend. Also, they hold the “Feria de Artesania Tradicional” (Traditional Artisan Festival), in which artisans from Chile and surrounding countries participate. Later, in April, they also have an event called “Abril Cuecas Mil”, which consists of Cueca dancing (a traditional Chilean dance) all around the town.
View original language description ↓
Este Banco Comunal se llama “El Esfuerzo de Colon” está conformado por 17 emprendedores quienes se dedican a diferentes rubros, entre los cuales se encuentran; venta de empanadas, venta de ropa, artículos plásticos, almacén, venta de pan amasado, feriantes, servicios entre otros. Todos ellos pertenecientes a la comuna de San Bernardo ubicada en la ciudad de Santiago.
Francisca, secretaria del grupo del Banco Comunal, quien en la foto se encuentra sentada en primera fila, ocupando el segundo lugar de izquierda a derecha, viste una polera azul, encima lleva puesto un chaleco color negro, usa anteojos y su cabello lo usa tomado.
Ella se dedica al rubro del comercio, específicamente a la venta de ropa usada, desde hace 1 año, trabaja desde su casa.
Su mercadería la compra en Santiago. Con el crédito comprará más ropa para todas las edades y personas.
Sus metas son poder tener un puesto en la feria, para generar mayores ingresos, así optar a una mejor calidad de vida.
Francisca vive junto a sus dos hijas, de 23 y 27 años quienes se encuentran trabajando.
Sus sueños son poder tener un puesto en el persa, vendiendo ropa nueva.
Francisca está muy contenta y agradecida del crédito y servicios otorgados por Fondo Esperanza. Además se siente muy cómoda con las reuniones y grupo del Banco Comunal, ya que existe generosidad y unidad.
San Bernardo es una ciudad, ubicada a 18 km. en línea recta hacia el sur desde la plaza de armas de Santiago (capital de Chile). Es conocida como la capital del folklore, debido a que cada año, en enero, se realiza el "Festival Internacional del Folklore", un evento en el que las raíces del país se dan cita y se reúnen agrupaciones musicales de toda Sudamérica. También se desarrolla la "Feria de Artesanía Tradicional", en la que participan tanto artesanos chilenos como de otros países cercanos. Luego en abril se realiza el evento “Abril cuecas Mil” que consiste en hacer bailar cueca (baile tradicional chileno) a toda la comuna.

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
  • 492.0
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of El Esfuerzo De Colon Group's $7,400 loan helped a member to buy more clothing to sell to people of all ages.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Apr 18, 2012
May 25, 2012
Currency Exchange Loss:
Sep 18, 2012