Check out some available loans that are similar to this one!
Nueva Vida Group
In this Group: Jorge , Marcela , Lucy , Claudia , Betcy , Beatriz , Jacqueline , Estefanía , Cristina , Nelson , María Cristina , Paula , Silvia, Juan
This Communal Bank is called “Nueva Vida” (New Life) and consists of 15 members from the city of Curicó. They are primarily engaged in selling clothing door to door and managing kiosks at schools throughout the city.

Jorge is 22 years old and the new president of this Bank, since this position changes every three months. In the photograph, he is standing on the left in the second row and wearing a blue pullover. Jorge sells clothing and kitchen towels. His loan will be invested in winter clothing such as undershirts, thermal underwear, long socks, and other items. Jorge has been working with Fondo Esperanza for seven months and says it has been a great help. He is a student, so this will help him pay for minor expenses as well as help his parents with their expenses. Jorge will receive his degree in social work this month and intends to continue working with Fondo Esperanza. His goal is to have more customers so that he can open a store in the central part of town.

Curicó is located in the region of Maule, which is in the central part of the country. The climate in Curicó is similar to that of the Mediterranean and considered one of the nicest in the country. It is also known for its wine culture and the magical natural beauty of the surrounding areas. Even though the workforce has increased, the region has remained steady in its population since the last census because it is one of the poorest in the country. This area experienced damage from the recent earthquake in Chile, but the Communal Bank did not suffer from any serious effects.
View original language description ↓
Nueva Vida

Este banco comunal es llamado Nueva Vida, y está conformado por 15 socios pertenecientes a la ciudad de Curicó. Todos ellos se dedican principalmente a la venta de ropa puerta a puerta y a administrar y atender kioscos en distintos colegios de la ciudad.
Jorge tiene 22 años y es el nuevo presidente de este banco, ya que este cargo cambia cada 3 meses. En la foto se encuentra a la izquierda, en 2º fila y viste polerón azul. Él se dedica a la venta de ropa y paños de cocina. Este préstamo lo invertirá en ropa de invierno como por ejemplo camisetas, pantys y calcetas largas entre otras cosas. Hace 7 meses que Jorge trabaja con Fondo Esperanza y nos comenta que ha sido una gran ayuda, ya que él es estudiante y de esta manera puede pagar sus gastos menores y así ayudar a sus padres con los gastos. Jorge se titula este mes de técnico social y su intención es seguir trabajando con Fondo Esperanza, ya que su meta es tener más clientes para de esta manera abrir una tienda en el centro de la ciudad.
Curicó se ubica en la región del Maule, zona centro del país. El clima de Curicó es de tipo mediterráneo y es considerado como uno de los más agradables del país. Se caracteriza además por su cultura en torno al vino y sus alrededores de una belleza mágicamente natural. A pesar que la fuerza de trabajo se ha incrementado, esta región sigue siendo, según el último censo, una de las más pobres del país. Si bien esta zona fue dañada por el reciente terremoto que afectó a Chile, este Banco Comunal no sufrió graves efectos por el mismo.


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
  • 529.3
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Nueva Vida Group's $1,875 loan helped a member purchase winter clothing.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Feb 26, 2010
Listed
Mar 11, 2010
Currency Exchange Loss:
Possible
Ended:
Jul 15, 2010