Cuento Contigo Group
Francisca is a member of “Cuento Contigo,” and in the photo above, she is on the right-hand side dressed in a sleeveless blue shirt. She runs a paqueteria (a place to rent luggage storage lockers) near the bus terminal in Talca, which she runs on her own. Francisca also makes paper bags, paintings on glass, and ornaments using seeds, products that she also sells from her paquetería. Her plan is to have a greater variety of novelty goods, so she can expand her client base. Francisca plans to invest this loan in merchandise related to Valentine’s Day coming up on February 14. Her dream is to own her own home and a permanent location for her business.
Village bank “Cuento Contigo” is located in Talca. Talca is a city in the region of Maule in central Chile. The residents of this area typically work in the rural sector and on farms. Maule is known for its artisan goods and colonial architecture. It has beautiful flora and fauna, as well as wineries. Despite the hardworking nature of its residents, Maule continues to be one of the poorest regions of Chile.
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.
0View loans »
Success!! The loan was 100% repaid