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Las Pulguitas De Yumbel Group
In this Group: María , Rosa, María , Manuela , Uberlinda, Silvia , María , Yasna, Susy, Miriam, Luz, Adina, Gabriela, Patricia, Ester , María, Daniel, Gloria , Karin , Jorge , Rolanda, Sandra
This communal bank is called “Las Pulguitas de Yumbel” and it is made up of 22 members (20 women and 2 men) from the city of Puerto Montt, Chile. Their businesses are primarily fishing, selling used clothes, a dessert shop, a butcher shop and a perfume and accessories shop.

The group member interviewed was María, who is the president of the group. In the picture she is in the first row on the far right, wearing a green scarf and holding a white hat in her hand. She is an ambulatory used-clothes saleswoman. She sells in five different parts of the city, including at the flea market on Yumbel street on Sundays. She takes Tuesdays and Thursdays off.

With her earnings, she helps economically support her family, which includes her husband, her daughter and the two young granddaughters who live with her.

María purchases her merchandise both in fairs and in stores. She plans on investing this loan in clothing and in curtains or other household fabrics. Her dream is to have a set locale from which to sell, in some part of the city.

María very much enjoys the support she receives from her Fondo Esperanza loan officer, and the atmosphere of trust that exists within her communal bank. She also says that thanks to the loans she has received, she feels more secure in her business.

Puerto Montt is a city in the south of Chile, located in the Los Lagos region. The attractions of Puerto Montt are its beautiful green landscapes; its beaches, which are special because they do not have many tourists; its artisan crafts and goods; and its cuisine, especially its reputation for fish and seafood. Puerto Montt is also the port of entry to the Isla Grande de Chiloé, which is rich in traditions and legends.

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
  • 534.7
    Chile Pesos (CLP) = $1 USD

Success!! The loan was 100% repaid

A portion of Las Pulguitas De Yumbel Group's $4,125 loan helped a member used clothing and fabrics.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Jun 21, 2010
Jun 22, 2010
Currency Exchange Loss:
Nov 15, 2010