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Crecer Con Libertad Group
In this Group: Andrea, Constanza , Nancy, Jocelyn , Gloria, Orfelina, Paz , Francisco, Mitzi, Lidia, Marietta, Lidia, Karina, Josefina, Lenka, Gabriel, Juan, Fabio
This communal bank is called "Crecer con Libertad" (Grow with Freedom) and has 18 members, all hardworking men and women of various ages. They work in different trades; for example, some make and sell artisanal goods made of wire, stones, and cloth, among other materials. Other borrowers make handicrafts or work in repairing broken household items, dressmaking, and weaving. Some borrowers work in sales, selling food, clothing, and maintaining their grocery shops.

This group's objective is to grow in their respective businesses and reach their goals, while promoting their quality products. Above all, they want to grow their businesses to create more economic stability for their families, continuing to develop and grow better with each day.

Jocelyn is the secretary of the group (in the photo, she is the pregnant woman on the far right). She is an artisan who makes necklaces, rings, hoop earrings, and bracelets using several different materials. She works with beads, stones, wood, and cloth, among others. Jocelyn often travels to Santiago, Chile’s capital city, to purchase these materials. She sells the products from her home, in markets, and in other well-populated areas. She will use this loan to purchase more materials for her artisan work in order to expand the diversity of her products.

The experience that they have had with Fondo Esperanza, according to Jocelyn, has surpassed the group's expectations. Beyond giving them the tools they need to meet their businesses' needs, they have felt an unparalleled quality of people among the group's members and they have found this very gratifying.

The Chilean province of Talca is located in the Maule region of central Chile. Maule has the largest rural population of any of Chile's 15 regions. Its citizens typically work in farming and agriculture. Talca is known for its beautiful artisan work, colonial architecture, vineyards, and scenery.

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
  • 507.2
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Crecer Con Libertad Group's $2,475 loan helped a member purchase of inventory, materials, and equipment.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Dec 15, 2009
Dec 28, 2009
Currency Exchange Loss:
Jun 15, 2010