Forjando Sueños Group
Kiva interviewed Teresa, the president of the group. In the photo she is seated second to the left, wearing glasses. Teresa sells milk products, butter and artisanal cheeses, which she distributes from door to door. Her dream is to have an established business in the city centre so that she can improve her quality of life. She will invest this loan in merchandise, bags and containers. Teresa said that she very much appreciates Fondo Esperanza's quick delivery of loans.
Temuco is the capital of the Araucanía region. It is located 670 kilometres south of Santiago (the capital of Chile) and possesses a series of lake-side spa resorts and striking native flora and fauna. This region is also noteworthy for being the region where 50% of the existing indigenous Mapuche community live.
La socia entrevistada fue Teresa, quien es la presidenta del grupo. En la foto se encuentra sentada en 2º lugar de izquierda a derecha, y usa lentes. Ella vende productos lácteos, mantequilla y quesillos artesanales, los cuales distribuye puerta a puerta. Su sueño es tener un negocio establecido en un lugar
céntrico de la ciudad, con el fin de mejorar su calidad de vida.Ella invertirá este préstamo en mercadería, bolsas y envases.
Teresa comenta que aprecia en gran manera la rápida entrega de los préstamos en Fondo Esperanza.
Temuco es la capital de la región de la Araucanía. La ciudad se ubica a 670 kilómetros al sur de Santiago (capital de Chile) y posee una serie de balnearios lacustres y una flora y fauna nativa muy llamativas. Cabe destacar que en esta región habita el 50% de los mapuches, pueblo indígena, existente en nuestro país.
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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